“The SEC in this case isn’t seeking a double or triple but is going for a grand slam,” said Toby Galloway, the former lead trial lawyer for the SEC’s regional operations in Fort Worth.
“The SEC needs to show that its threat of going to trial and winning is real and legitimate or more defendants will balk at settling their case and will take their chances at trial,” said Galloway, a partner at Kelly Hart & Hallman in Fort Worth. “Winning this case will definitely strengthen the SEC’s hand in future settlement negotiations.”
via SEC fear factor at stake in Wyly trial — Dallas Morning News.
