This paper reports on the origins of "scheme liability" doctrine and on its fall under the Supreme Court decision in the "Stoneridge" case. It discusses also the unlawful conduct of "non-speaking actors" in financial misrepresentation. The research include a comparative overview and a critical perspective about European regulatory policy.
Liability for financial misstatements and the "non-speaking actor" dilemma
BRUTTI, NICOLA
2009
Abstract
This paper reports on the origins of "scheme liability" doctrine and on its fall under the Supreme Court decision in the "Stoneridge" case. It discusses also the unlawful conduct of "non-speaking actors" in financial misrepresentation. The research include a comparative overview and a critical perspective about European regulatory policy.
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