Judge Loses Patience With SEC In Albertson's Case

Law360, New York (September 10, 2009, 3:36 PM EDT) -- A federal judge has refused to give the U.S. Securities and Exchange Commission more time to submit final details of its settlement with a trader who — along with traders at UBS Investment Bank and Jefferies Group Inc. — is accused of insider trading in connection with the 2006 sale of supermarket chain owner Albertson’s Corp.

Judge Richard Sullivan of the U.S. District Court for the Southern District of New York on Wednesday declined to give the parties another 30 to 60 days to file stipulation...
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