For every judge like Jed Rakoff, who appears to believe that the judiciary should play an aggressive role in approving — or rejecting — civil settlements, there is a judge like Richard J. Sullivan, who seems to wonder what all the fuss is about.
On Wednesday, Judge Sullivan of the federal district court in Manhattan approved the civil portion of the $1.8 billion settlement between the Justice Department and hedge-fund group SAC Capital Advisors LP. SAC representatives are scheduled to appear in court again Friday, to wrap up the criminal prong of the case.
‘Enforcement 40’ for 2020
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