SEC Settlements Continue Decline In 2008: Report

Law360, New York (February 11, 2009, 12:00 AM EST) -- Falling in step with a gradual decline in U.S. Securities and Exchange Commission settlements since 2003, the agency extracted settlements from a total of 672 defendants last year, the second-lowest total since the Sarbanes-Oxley Act of 2002 went into effect, according to an analysis by NERA Economic Consulting.

In the fourth quarter of 2008, in particular, the SEC settled with only 123 defendants, compared with 185 in the same quarter a year earlier, according to the report released Monday by NERA, a global economic consulting firm....
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