The SEC suffered a significant defeat when a court ruled that it lacked subject matter jurisdiction to consider an enforcement action because the statute of limitations had run.
The SEC suffered a significant defeat when a court ruled that it lacked subject matter jurisdiction to consider an enforcement action because the statute of limitations had run.
The Supreme Court handed down two significant securities law decisions this week. In the first the High Court, in unanimous opinion, rejected the contention of the SEC that the five year statute of limitations for seeking a penalty can be …
This Week In Securities Litigation (Week ending March 1, 2013) Read More »