The court rejected the proposed settlement in SEC v. Bank of America in part because the truth about what happened had not emerged. The SEC essentially said it could not find the truth, claiming the bank asserted privilege. The bank …
The court rejected the proposed settlement in SEC v. Bank of America in part because the truth about what happened had not emerged. The SEC essentially said it could not find the truth, claiming the bank asserted privilege. The bank …
The SEC and Bank of America are preparing for a trial on the proxy fraud case, discussed here. Pretrial orders are being filed. The SEC has demanded a jury. The Commission and the Bank are both undoubtedly deep in trial …