Daily Archives: September 23, 2016, 9:41 am

Administrative Proceedings Remain Likely for SEC Enforcement Actions | New York Law Journal

Although there is intensifying political effort to rein in the SEC’s use of administrative proceedings, the current judicial climate heavily favors the SEC’s continued use of its choice of forum. In addition to the high “win/loss” ratio the SEC has achieved via administrative proceedings, a recent study out of the University of Michigan Law School suggests the shift toward administrative…

Read More

Wal-Mart must face US class action over alleged Mexican bribery – Reuters

Wal-Mart Stores Inc must face a class-action lawsuit accusing the world’s largest retailer of defrauding shareholders by concealing suspected bribery to help it expand faster in Mexico, a U.S. judge said. In a decision on Tuesday, U.S. District Judge Susan Hickey in Fayetteville, Arkansas rejected Wal-Mart’s contention that a Michigan pension fund had no standing to lead the case because it…

Read More