Attys Warn Of Blowback As Feds Demand More Admissions

Law360, New York (November 8, 2013, 6:23 PM EST) -- Defense attorneys on Friday warned of the consequences of increased demands for admissions of liability from defendants, after some of the nation’s top prosecutors told securities attorneys of a likely uptick in civil fraud settlements that require admissions of liability.

In panel discussions in New York City on the enforcement priorities of securities regulators, Andrew Ceresney, co-head of the U.S. Securities and Exchange Commission’s Division of Enforcement, said that while "no-admit, no-deny" settlements will still constitute a majority of the agency’s deals with defendants, he sees an...
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