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To Scheme or Not to Scheme... by Noam Mandel
Bernstein Litowitz Berger & Grossmann LLP - New York Office
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September 4, 2009
Previously published by The Advocate for Institutional Investors, Third Quarter 2007 on October 2007
In Stoneridge, the SEC's recommendation was cast aside -- reportedly at the personal insistence of President George W. Bush -- in favor of a legal brief supporting the position of the defendants in the case. The current administration's rejection of the SEC's consistently held position, and its further
insistence on filing a brief asserting a directly contrary position, is a slap across the face of the American investor.
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