RPM International Can't Move SEC Suit Over $61M Deal

Law360, Los Angeles (December 20, 2016, 8:17 PM EST) -- A Washington, D.C., federal judge refused to move the U.S. Securities and Exchange Commission’s suit accusing government contractor RPM International Inc. of failing to account for a nearly $61 million settlement, saying Tuesday the Ohio company hadn’t proven it would be more conveniently heard elsewhere.

U.S. District Judge Amy Berman Jackson concluded that RPM hadn’t shown the SEC should have to bring its suit over accounting for a $60.9 million False Claims Act settlement in Ohio federal court, noting that the agency doesn’t have a field office in Ohio and that RPM is “an international corporation that is well able to...

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