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Expert Analysis

SEC In-House Trial Halt A Temporary Setback At Best

Law360, New York (June 12, 2015, 10:58 AM EDT) -- The U.S. Securities and Exchange Commission's shift to administrative proceedings in recent months has spawned a series of suits against the agency challenging its forum selection authority. The suits have generally met with little success. Nevertheless, Judge Leigh Martin May, sitting in the Northern District of Georgia, recently issued a preliminary injunction against the commission, precluding the agency from proceeding with a hearing in an insider trading case before an SEC administrative law judge. Hill v. SEC, Civil Action No. 1:15-cv-01801 (N.D. Ga. Filed June 8, 2015)....

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