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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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