Front page of the Wall Street Journal is all about the US Supreme Court Stoneridge case.  Asode fr, what it will mean for the securities industry, the WSJ believes this to be the largest potential widening of liability for lawyers.

Keep watching this case for its legal malpractice or lawyer liability issues.

 "The Supreme Court is wading into one of the most intense battles ever waged between two deep-pocketed enemies: the trial bar and big business.

Today, the justices will hear arguments in a case that hinges on whether defrauded shareholders should be allowed to sue not just the company that committed the crime, but also its advisers, lawyers, accountants and vendors
The showdown comes at a time when the plaintiffs bar is losing ground. In June, the Supreme Court sided with business when deciding what standard of proof plaintiffs must meet to file securities lawsuits against companies. Earlier this year, the justices essentially inoculated Wall Street firms from antitrust claims. The Bush administration says it is working with regulators on a series of recommendations to "balance" the U.S.’s competitive position with shareholder litigation."