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SEC Reassigns Judge Overseeing Ex-S&P Exec's Case

Law360, New York (July 27, 2015, 5:43 PM EDT) -- The U.S. Securities and Exchange Commission has replaced the judge overseeing an in-house case against a former Standard & Poor's Ratings Services executive less than two months before her trial is set begin, according to an order made public Monday.

In a brief announcement, the SEC said Administrative Law Judge James Grimes will take over the proceeding against Barbara Duka, the former executive whom the agency has accused of fraudulently misrepresenting the way S&P assigned ratings on certain complex securities. Judge Grimes replaces Judge Cameron Elliot, who has presided over the matter since January.

The order, dated Friday but posted on...

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