A federal judge in Manhattan on April 16 conditionally approved a $602 million insider trading settlement that SAC Capital Advisors reached with the Securities and Exchange Commission last month (NYLJ, March 18).

But in his opinion, Southern District Judge Victor Marrero became the latest judge to raise concerns over the SEC’s practice of allowing defendants to settle enforcement actions without admitting or denying the underlying allegations.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]