Plaintiffs Attys Downplay SEC Shift On Settlements

Law360, New York (August 23, 2013, 8:11 PM EDT) -- The U.S. Securities and Exchange Commission's recent push for admissions of wrongdoing in settlements may expose defendants to damaging private actions, but plaintiffs attorneys say the real-world impact of the policy shift may be overstated.

Newly installed SEC Chairman Mary Jo White stirred the pot in June by announcing the agency would begin to require admissions of wrongdoing in certain settlements, particularly those involving "egregious" misconduct. The announcement came amid tougher judicial scrutiny of the agency's "no-admit, no-deny" deals.

White's pledge is beginning to produce results....
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