Ex-Dollar General CFO's SEC Relief Suit Allowed

Law360, New York (May 19, 2010, 7:02 PM EDT) -- Former Dollar General Corp. Chief Financial Officer Brian Burr has won an appeal of an injunction that barred him from pursuing a state court suit against the firm seeking reimbursement for penalties levied against him in a 2005 U.S. Securities and Exchange Commission accounting fraud action.

Nonparties to a consent decree do not have standing to enforce the decree, so the injunction should be vacated, a three-judge panel of the U.S. Court of Appeals for the Sixth Circuit ruled Wednesday.

Burr had argued that the trial...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.