The Second Circuit reversed a jury verdict in favor of the SEC in a market timing case, concluding that there was no evidence to support it. Specifically, the Court found that the “SEC ultimately succumbs to its strategic choice at trial to pursue...
WASHINGTON, D.C. - (Mealey's) The U.S. Supreme Court on
Jan. 8 heard oral arguments in an appeal of a Second Circuit U.S. Court of
Appeals ruling allowing the Securities and Exchange Commission to seek
penalties against defendants for securities...