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Debate to discuss liability in securities fraud

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The Federalist Society student chapter at Indiana University Maurer School of Law is hosting a debate Nov. 17 in response to a bill in Congress that could overturn recent Supreme Court of the United States' decisions.

"Securities Fraud - Should Congress overturn Stoneridge and expose lawyers and financial advisors to greater liability?" will feature a debate between University of Chicago Law School assistant professor M. Todd Henderson and Maurer School of Law professor Donna Nagy. The Liability for Aiding and Abetting Securities Violation Act, S. 1551, would allow shareholders to sue secondary actors for fraud that is committed by their corporate clients. The bill would essentially overturn Stoneridge Investment Partners LLC v. Scientific-Atlanta Inc., et al., 128 S. Ct. 761 (2008), and Central Bank of Denver v. First Interstate Bank of Denver, 511 U.S. 164, 114 S. Ct. 1439 (1994).

The debate begins at noon in Room 122 of the law school and is open to the public.

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  1. Conour will never turn these funds over to his defrauded clients. He tearfully told the court, and his daughters dutifully pledged in interviews, that his first priority is to repay every dime of the money he stole from his clients. Judge Young bought it, much to the chagrin of Conour’s victims. Why would Conour need the $2,262 anyway? Taxpayers are now supporting him, paying for his housing, utilities, food, healthcare, and clothing. If Conour puts the money anywhere but in the restitution fund, he’s proved, once again, what a con artist he continues to be and that he has never had any intention of repaying his clients. Judge Young will be proven wrong... again; Conour has no remorse and the Judge is one of the many conned.

  2. Pass Legislation to require guilty defendants to pay for the costs of lab work, etc as part of court costs...

  3. The fee increase would be livable except for the 11% increase in spending at the Disciplinary Commission. The Commission should be focused on true public harm rather than going on witch hunts against lawyers who dare to criticize judges.

  4. Marijuana is safer than alcohol. AT the time the 1937 Marijuana Tax Act was enacted all major pharmaceutical companies in the US sold marijuana products. 11 Presidents of the US have smoked marijuana. Smoking it does not increase the likelihood that you will get lung cancer. There are numerous reports of canabis oil killing many kinds of incurable cancer. (See Rick Simpson's Oil on the internet or facebook).

  5. The US has 5% of the world's population and 25% of the world's prisoners. Far too many people are sentenced for far too many years in prison. Many of the federal prisoners are sentenced for marijuana violations. Marijuana is safer than alcohol.

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