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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.


By Jill Redhage


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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