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...
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Case Information

Case Title

Securities and Exchange Commission v. Tang et al

Case Number



California Northern

Nature of Suit



Joseph C. Spero

Date Filed

October 30, 2009

Law Firms


Government Agencies

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