Preliminary Injunction Granted in SEC Case Against Executive
Southern District Judge Richard Berman has blocked an SEC civil proceeding against Barbara Duka, a former Standard & Poor's Rating Services executive accused of violating securities laws, holding that the way administrative law judges are appointed violates the U.S. Constitution.
August 14, 2015 at 07:00 AM
4 minute read
A federal judge has blocked a U.S. Securities and Exchange Commission civil proceeding because the way administrative law judges are appointed violates the U.S. Constitution.
Southern District Judge Richard BermanNYLJ/Rick Kopstein
Southern District Judge Richard Berman granted a preliminary injunction sought by Barbara Duka, a former Standard & Poor's Rating Services executive accused of violating securities laws by failing to disclose a relaxed methodology for calculating debt services ratio.
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