{"id":4400,"date":"2007-04-25T14:45:53","date_gmt":"2007-04-25T14:45:53","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2007\/04\/every_side_wants_sec_support_i_1"},"modified":"2022-03-25T14:44:05","modified_gmt":"2022-03-25T19:44:05","slug":"every-side-wants-sec-support-i-1","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/every-side-wants-sec-support-i-1\/","title":{"rendered":"All Sides Want SEC Support In Case Involving Liability Of Second Parties"},"content":{"rendered":"<p>William S. Lerach, a prominent plaintiffs&#8217; attorney, met with SEC staff members last week to try to convince the agency to support investor lawsuits filed against banks accused of helping corporate executives engage in fraud.<\/p>\n<p>Recently, the U.S. Supreme Court agreed to hear a case that will look at the liability of secondary parties, including lawyers, bankers, and accountants, who did not say anything even though they knew that corporate officials were misleading shareholders. The case involves Charter Communications, a cable television provider, and is said to be the most important securities law case to reach the Supreme Court in twenty years. The decision could have major consequences and will affect investors&#8217; ability to recover losses from companies that have engaged in fraud.<\/p>\n<p>Trade groups that want to limit banks&#8217; liability and consumer advocates that want to expand it are working to garner support for their sides. Both sides are also courting federal and state regulators.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/every-side-wants-sec-support-i-1\/\"  title=\"Continue Reading All Sides Want SEC Support In Case Involving Liability Of Second Parties\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>William S. Lerach, a prominent plaintiffs&#8217; attorney, met with SEC staff members last week to try to convince the agency to support investor lawsuits filed against banks accused of helping corporate executives engage in fraud. Recently, the U.S. Supreme Court agreed to hear a case that will look at the liability of secondary parties, including [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3741],"tags":[],"class_list":["post-4400","post","type-post","status-publish","format-standard","hentry","category-securities-fraud"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>All Sides Want SEC Support In Case Involving Liability Of Second Parties &#8212; Investor Lawyers Blog &#8212; April 25, 2007<\/title>\n<meta name=\"description\" content=\"William S. Lerach, a prominent plaintiffs&#039; attorney, met with SEC staff members last week to try to convince the agency to support investor lawsuits filed &#8212; April 25, 2007\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/every-side-wants-sec-support-i-1\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"All Sides Want SEC Support In Case Involving Liability Of Second Parties &#8212; Investor Lawyers Blog &#8212; April 25, 2007\" \/>\n<meta name=\"twitter:description\" content=\"William S. Lerach, a prominent plaintiffs&#039; attorney, met with SEC staff members last week to try to convince the agency to support investor lawsuits filed &#8212; April 25, 2007\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"All Sides Want SEC Support In Case Involving Liability Of Second Parties &#8212; Investor Lawyers Blog &#8212; April 25, 2007","description":"William S. 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Lerach, a prominent plaintiffs' attorney, met with SEC staff members last week to try to convince the agency to support investor lawsuits filed &#8212; April 25, 2007","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/every-side-wants-sec-support-i-1\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/every-side-wants-sec-support-i-1\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"All Sides Want SEC Support In Case Involving Liability Of Second Parties","datePublished":"2007-04-25T14:45:53+00:00","dateModified":"2022-03-25T19:44:05+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/every-side-wants-sec-support-i-1\/"},"wordCount":365,"articleSection":["Securities Fraud"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/every-side-wants-sec-support-i-1\/","url":"https:\/\/www.investorlawyers.com\/blog\/every-side-wants-sec-support-i-1\/","name":"All Sides Want SEC Support In Case Involving Liability Of Second Parties &#8212; Investor Lawyers Blog &#8212; April 25, 2007","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"datePublished":"2007-04-25T14:45:53+00:00","dateModified":"2022-03-25T19:44:05+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"William S. 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