SEC Settles Ex-Official's Wrongful Termination Suit

Law360, New York (June 10, 2013, 2:02 PM EDT) -- The U.S. Securities and Exchange Commission will pay $580,000 to settle claims in Washington federal court that it fired a former official turned attorney for revealing alleged wrongdoing by the commission and in response to accusations that he wanted to carry a firearm at work.  

David P. Weber has cleared his record after nearly a year of fighting his termination as the former SEC assistant inspector general for investigations, his attorney announced Monday. The sum was pared down from Weber's initial demand of $40 million in...
To view the full article, register now.

Related

Sections

Case Information

Case Title

WEBER v. UNITED STATES SECURITIES AND EXCHANGE COMMISSION et al


Case Number

1:12-cv-01850

Court

District Of Columbia

Nature of Suit

Other Statutory Actions

Judge

Richard W. Roberts

Date Filed

November 14, 2012

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.