SEC Wants Fenwick & West Booted From Insider Trader Suit

Law360, New York (October 24, 2011, 3:52 PM EDT) -- The U.S. Securities and Exchange Commission told a California court on Friday that a conflict should disqualify Fenwick & West LLP from representing an alleged participant in an $8 million insider trading scheme involving Tempur-Pedic International Inc. and Acxiom Corp. securities.

The SEC argued that Fenwick was ethically obligated to step down as Ming Siu's counsel because of a “direct, actual and profound” conflict arising from its former representation of another defendant in the lawsuit, Zisen Yu, who confessed to a criminal charge of conspiring to...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Securities and Exchange Commission v. Tang et al


Case Number

3:09-cv-05146

Court

California Northern

Nature of Suit

Securities/Commodities

Judge

Joseph C. Spero

Date Filed

October 30, 2009

Law Firms

Companies

Government Agencies

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.