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Is There Any Viability To Scheme Liability For Secondary Actors After Stoneridge Investment Partners, Llc V. Scientific-Atlanta?, Joanna B. Apolinsky

Joanna B Apolinsky

Imagine a company is having trouble meeting the earnings projections of Wall Street analysts. If the company does not meet the projections by the time it reports its earnings, its stock price will slump. Should it take the hit and watch the fall-out? Or should it somehow manipulate its earnings so they are more in line with the analysts’ projections? If a troubled company’s management chooses this path, the company probably will not be able to go it alone. It would need the assistance of other entities – lawyers, investment bankers, accountants, or possibly contractual third parties – that would …