2004-10-04 : Side-effects of spells that would counter this card will still happen, because they happen even if the spell they’re trying to counter can’t be countered.

2004-10-04 : Spells can target Scragnoth and affect it while it is on the stack. Only effects that counter spells are ignored.

2004-10-04 : Spells with a side effect that only happens if a spell is countered do not have their side effect happen when the countering fails.