SEC Delays Ruling In Chinese Audit Row

Law360, New York (October 2, 2013, 7:34 PM EDT) -- The U.S. Securities and Exchange Commission said Wednesday it will give an administrative judge an additional 100 days to rule on whether the agency can force the nation's top audit firms to produce documents on Chinese companies suspected of defrauding U.S. investors through reverse-merger deals.

The Commission granted Chief Administrative Law Judge Brenda P. Murray’s request for more time to issue a ruling in the case against five audit firms, including the so-called Big Four. The SEC alleges the firms have wrongly refused to cooperate with...
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