The Second Circuit handed down its long awaited opinion in SEC v. Citigroup Global Markets, Inc., Nos. 11-5227-cv, 11-5375-cv and 11-5242-cv (2nd Cir
A key part of the new "get tough" enforcement doctrine is omnipresence - that is, creating the impression that the SEC's Division of Enforcement is
It has been reported that Alcoa World Alumina and Chemicals, a joint venture between Alcoa, Inc. and Australian based Alumina Limited ("Alumina")
The Second Circuit Court of Appeals heard argument in SEC v. Citigroup Global Markets, Inc., No. 11-5227-cv, one of the most closely watched SEC
This edition of This Week In Securities Litigation compiles actions which took place during the recent period when a series articles were published centered on two topics.
The SEC’s long established settlement practice of resolving enforcement actions without requiring an admission of liability that is, on a neither admit nor deny basis came under scrutiny again last week.
The SEC won a significant victory in its Citigroup market crisis case last week.
The Commission won a significant victory this week in the Second Circuit Court of Appeals in its Citigroup litigation.
The Division of Enforcement altered its long standing policy on one of its key settlement terms last week.
“But the S.E.C., of all agencies, has a duty, inherent in its statutory mission, to see that the truth emerges; and if it fails to do so, the Court must not, in the name of deference or convenience, grant judicial enforcement to the agency’s contrivances.”