SEC Scores Injunction Against Convicted Ex-Mayor

Law360, New York (August 8, 2011, 9:34 PM EDT) -- The U.S. Securities and Exchange Commission on Monday won an injunction against a former mayor of Birmingham, Ala., who was sentenced to 15 years for participating in a bid-rigging scheme that helped push a county to the brink of bankruptcy.

U.S. District Judge Abdul K. Kallon granted the SEC's motion for summary judgment on collateral estoppel grounds and permanently banned Larry P. Langford from violating securities laws.

The regulatory agency had previously asked for the permanent injunction, but Judge Kallon said the SEC had to wait...
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