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Supreme Court Hears Third-Party Investor Suit

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Published: Tuesday, 9 Oct 2007 | 1:42 PM ET
By: CNBC.com

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The costs of such expansive liability would of course be passed on to society both in terms of higher fees and in detracting from the competitiveness of the United States (already burdened as the world’s most litigious society). Also to be considered is the adverse effect of the uncertainty caused by such an ambiguous potential liability. The incremental cost of such expanded liability of course is only a small part of the enormous cost of litigation.

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On Tuesday, the U.S. Supreme Court is hearing an case that some say may alter the landscape of investing. The outcome potentially could strengthen shareholder confidence -- or stifle investment markets.
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