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SEC Loses Court Battle To Withhold Investigation Data

Law360 (October 31, 2005, 12:00 AM EST) -- The U.S. Securities and Exchange Commission suffered defeat in court Monday, when a federal judge ordered the agency to hand over to a research firm information on investigations it had sought to withhold.

SEC Insight Inc. sued the SEC in October 2004, alleging the regulator had erred in denying the requests the firm made using the Freedom of Information Act (FOIA). The suit was filed in the U.S. District Court for the District of Minnesota.

Minnesota-based SEC Insight provides company data to potential investors and asserts...
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