Securities Practice: Paul Hastings

Law360, New York (December 8, 2008, 12:00 AM EST) -- With the U.S. Securities and Exchange Commission becoming more aggressive in obtaining big settlements in the financial services industry, a question remains over whether private actions will be able to recover anything once a financial firm has settled with the regulator, according to William F. Sullivan, chairman of the national securities litigation practice at Paul Hastings Janofsky & Walker LLP.

After the auction rate securities market froze in February, the SEC and state regulators took immediate action in investigating and prosecuting investment firms that marketed these...
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