Croatian Seamstress' $6M Insider Trading Fine Lifted

Law360, New York (May 17, 2010, 5:57 PM EDT) -- A 63-year-old retired Croatian seamstress the U.S. Securities and Exchange Commission accused of letting Goldman Sachs Group Inc. analysts access her brokerage accounts to execute insider trades has won her bid to nix a $5.7 million default judgment against her.

Judge Kimba M. Wood of the U.S. District Court for the Southern District of New York granted Sonja Anticevic's motion to vacate the Nov. 30 default judgment, ruling that her good faith effort to respond to a July court order she allegedly defaulted on, coupled with...
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