We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

SEC Urges Solicitor To Support Investors: Report

Law360 (June 4, 2007, 12:00 AM EDT) -- The U.S. Securities and Exchange Commission has reportedly weighed in on a case awaiting review by the U.S. Supreme Court, urging the U.S. Solicitor General to file an amicus brief supporting the right of shareholders to sue third party institutions implicated in fraud cases.

The SEC has thrown its weight behind investors by recommending that the Solicitor General file a brief in the $40 billion class action suit filed against the underwriters of bankrupt energy company Enron Corp., the Wall Street Journal reported on Saturday, citing...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.