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Bankrupt Real Estate Firm Gets SEC Suit Halted

Law360, Miami (December 6, 2017, 8:53 PM EST) -- A Florida federal judge on Wednesday paused a U.S. Securities and Exchange Commission investigation into real estate development and investment firm Woodbridge Group of Cos. LLC after the firm filed for Chapter 11 protection Monday.

U.S. District Judge Cecilia M. Altonaga stayed the SEC's suit to enforce a subpoena against Woodbridge, which has been under investigation since late 2016. The SEC says the group and its affiliates have taken $1 billion from investors and may have violated fraud laws or registration requirements.

In papers filed in...
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