Stoneridge Investment Partners LLC v. Scientific Atlanta Essay

Stoneridge coronation Partners LLC v. Scientific Atlanta - Essay ExampleThe court in its analysis of the facts in the compositors case, the court put in a firm stand that the claims against the plaintiffs were based on aiding and abetting and not on manipulation or deception. There was no allegation of pursuit of the vendors in every of the charters deception since they were not problematic in internal account (Hein et al. 25-32). The vendors were deemed to have been involved in a problem exploit, which did not involve securities and were such under no obligation to take any action on the pecuniary happenings of the charter company. The court was right in not revisiting the 1994 interchange Bank aiding and abetting standard, which created primary and unessential liability. The ruling in the 1994 case of Central Bank of Denver v. the firstly Interstate Bank of Denver, which held, that aiders and abettors were liable to scheme liability in instances in which their actions r esulted in financial losings and manipulative tendencies (Perry and Scott 26-32). Revisiting the case and creating scheme liability would not have been practical as even the 1994 case strictly applied the rule of section 10 (b) were not envisioned to include aiders and abettors. ... The law would overly result to an increase in the number of cases filed against secondary violators of the SEC Act the act would deter and manoeuver to a shift of many foreign investors from the country due to the high risks and costs involved. The positive effectuate of such a ruling on the business community would be its effect on the accounting principles and general way of doing business. Such a ruling would make many businesses to be more awake in their business dealings even in secondary transactions (Coberly 26-7). Since the rule would make secondary violators liable, it would result into more vigilance among businesses that would result to better management and more profits for the business. The question of whether at that place was aiding and abetting in the Stoneridge Investment Partners LLC v. Scientific-Atlanta, Inc case is a complex issue which is subject to different interpretations. In my opinion, the defendants cannot be said to have been involved in aiding and abetting since what they were involved in was a secondary business transaction to what is proscribed as aiding and abetting in section 10 (b). Aiding and abetting would entail intent to collude in set to deceive and manipulate people into buying of securities. The defendants in this case were not involved in any collusion since theirs was simply a business transaction separated from the selling of securities. The behavior of the vendors while well-grounded under the law since it adheres to general accounting principles is unethical in that it was unethical. Professional conduct in business calls for an adherence to ethical principles in all aspects of doing business. The vendors acted in an unethical m anner since they had knowledge of the unethical financial reporting that the charter was involved in yet they