SEC Motions Rejected In Freedom Of Information Suit

Law360, New York (June 21, 2006, 12:00 AM EDT) -- A federal judge rejected two motions by the U.S. Securities and Exchange Commission in a case that challenges the SEC’s policies on the release of information under the Freedom of Information Act. One motion sought to stay the proceedings, while the other sought to saddle the plaintiff with about $2 million in document review costs.

U.S. District Judge Paul A. Magnuson denied the SEC’s motions in an order issued Tuesday, calling them both “procedurally defective” because the government merely filed memoranda without receiving court approval or...
To view the full article, register now.

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.