Parallel proceedings offer certain economies for all parties. They can also cause unfairness. This is particularly true when the government files a criminal case and the SEC files a parallel civil case generating significant publicity and then the U.S. Attorney …

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The First Circuit Court of Appeals affirmed a grant of summary judgment in favor of the SEC in a fraud action based on market timing in SEC v. Ficken, Case No. 07-2532 (1st Cir. Oct. 20, 2008). The Commission’s complaint …

First Circuit Upholds Grant Of Summary Judgment In Market Timing Case Read More »