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...
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

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.