Attorney(s) appearing for the Case
S.E.C., Asst. Chief Litigation Counsel, Antonia Choin, Luis R. Mejia, Securities and Exchange Commission, James Andrew Meyers, Orrick, Herrington & Sutcliffe, LLP, Washington, DC, for Plaintiff.
Dennis J. Block, Cadwalader, Wickersham & Taft LLP, New York, NY, for Defendant Bear, Stearns & Co. Inc.
Sarah Loomis Cave, Hughes Hubbard & Reed LLP, New York, NY, for Defendant Lehman Brothers, Inc,
Dixie L. Johnson, Fried, Frank, Harris, Shriver & Jacobson, New York, NY, for Defendant Merrill, Lynch, Pierce, Fenner & Smith, Inc.
Mitchell A. Lowethal, Cleary Gottlieb Steen & Hamilton LLP, New York, NY, for Defendant UBS Securities LLC.
United States District Court, S.D. New York.
MEMORANDUM AND ORDER
WILLIAM H. PAULEY III, District Judge:
Six years after the Securities and Exchange Commission's ("SEC") much-heralded announcement of the "Global Research Analyst Settlement," more than $79 million intended for aggrieved investors cannot be distributed and continues to accrue interest. This predicament should have been anticipated by the parties prior to bringing these cases and the proposed consent judgments to Court. The quandary of...
NEVER MISS A DECISION. START YOUR SUBSCRIPTION.
Uncompromising quality. Enduring impact.
Your support ensures a bright future for independent legal reporting.
As you are aware we have offered this as a free subscription over the past years and we have now made it a paid service.Look forward to your continued patronage.