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The SEC lost its recent Supreme Court battle over when the clock begins to tick on its five-year statute of limitations to bring fraud cases. It may still win the war on this issue, however, if legislation being developed by U.S. Senator Jack Reed of Rhode Island becomes law. Reuters reports that Sen. Reed is […]
Remember 1995? It was a long time ago, so you can be forgiven for not recalling much of it. To re-orient you: it was President Clinton’s first term; the Oklahoma City bombing happened in April; a jury found O.J. Simpson not guilty of two murders; Apple was still trying to sell the Newton. And Total, […]
The outcome involves high stakes for both Cohen and the government, experts tracking the case said. Prosecutors have been working their way up the hierarchy at the hedge fund for years, they said, and this case gives them their best shot at Cohen — if they can act before the five-year statute of limitations lapses […]
Wyly argues that Supreme Court’s Gabelli decision shows SEC waited too long to sue him for civil penalties for alleged insider trading.
The Supreme Court’s decision puts increased pressure on the S.E.C. to pursue its investigations “with greater alacrity and not let them gather dust.”
Supreme Court limits authority of SEC to seek civil penalties over conduct that is more than five years old.
Supreme Court voices skepticism over bid by SEC to relax time limits for seeking civil penalties in fraud cases.
SEC racing against the five-year statute of limitations.
New case illustrates kinds of filings that Supreme Court’s Merck decision may encourage and the problems these cases may present.