Litigation
Jan. 5, 2012
Judge rejects SEC's efforts to crack down on joint representation in insider trading case
A recent ruling by a Northern District federal judge may stymie efforts by the Securities and Exchange Commission to crack down on joint representation by individual defendants subject to securities investigations.




Daily Journal Staff Writer
A recent ruling in an insider trading case may stymie efforts by U.S. Securities and Exchange Commission attorneys to crack down on joint representation of individual defendants, a defense strategy that has long irked enforcement attorneys because it makes securing cooperators more difficult.
Companies and individuals often prefer joint representation because it cuts their defense costs. ...
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