LexisNexis® Legal Newsroom
Pressure for Action Against Corporate Officials

News reports about the September 22, 2010 Senate Banking Committee hearing regarding the SEC have focused on the provocative statements by SEC Inspector General H. David Katz. Among other things, Katz suggested that a Texas-based SEC official quashed the investigation of allegations regarding Stanford...

US Will Not Seek Restitution For Stanford Victims

The United States will not seek an order of restitution when Robert Allen Stanford is sentenced on June 14th, stating that to do so would be impractical and instead indicating it seeks to provide Stanford victims with proceeds of forfeited assets. In a June 4th filing with a Houston federal court, the...