But it almost didn’t happen. In recent weeks, infighting at the highest level of the S.E.C. imperiled the case, one of the agency’s biggest stands against accounting fraud in a decade. And the case nearly collapsed last month after the S.E.C. missed a legal deadline for charging some of the wrongdoing, according to people briefed on the matter — a misstep that forced the agency to reduce the penalty for at least one executive.
‘Enforcement 40’ for 2020
Join Us On LinkedIn
Join the Securities Litigation and Enforcement Group on LinkedIn