SEC Settlement With Ex-Mayer Brown Partner Delayed

Law360, New York (February 17, 2010, 1:20 PM EST) -- A federal judge has delayed approval of a deal between the U.S. Securities and Exchange Commission and Joseph P. Collins, the former attorney convicted of fraud in the $2.4 billion scheme that brought down brokerage giant Refco Inc., saying he wants to see what the judge overseeing the parallel criminal case orders for restitution.

In an ordered filed Tuesday in the U.S. District Court for the Southern District of New York, Judge Jed S. Rakoff instructed attorneys for the SEC and Collins to notify him when...
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