Month: October 2011

DC CIRCUIT AFFIRMES REMEDIES AWARED TO SEC

The D.C. Circuit rejected challenges to a disgorgement order which used a zero basis for stock rather than a market quote for the share price and which imposed joint and several liability for the full amount on a defendant who

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THE COURT RAISES CRITICAL QUESTIONS ABOUT ANOTHER SEC SETTLEMENT

The SEC has again been ordered to justify the terms of a high profile and important settlement. The query comes in its latest high profile market crisis case, SEC v. Citigroup Global Markets Inc., Case No. 11 Civ. 7387 (S.D.N.Y.

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