SEC Can't Oust Fenwick From Insider Trading Suit

Law360, New York (November 28, 2011, 6:44 PM EST) -- A California judge on Monday denied the U.S. Securities and Exchange Commission's motion to 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.

U.S. District Judge Joseph C. Spero said in his order denying the dismissal that the SEC had failed to show that Fenwick had a conflict of interest with defendant Ming Siu arising out of its former representation of another defendant in the lawsuit, Zisen Yu, who confessed...
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