SDNY Blog Returns as Steptoe Blog
The SDNY Blog is relaunching as a publication of Steptoe & Johnson LLP. We expect to post several times a week on decisions and other developments in the Southern District of New York. You can...
View ArticleJudge Cote Won’t Disqualify SEC Trial Team For Receiving Privileged Documents...
Yesterday, Judge Cote declined a defendant’s request to disqualify the SEC’s entire trial team on the eve of trial after the SEC received allegedly privileged communications between the defendants and...
View ArticleJudge Pauley Blasts SEC for Causing Collapse of Cayman Bank
In an opinion yesterday, Judge Pauley harshly criticized the SEC for obtaining an ex parte freeze on the assets of a Cayman bank premised on the bank’s participation in a pump-and-dump scheme for...
View ArticleJudge Gardephe Rules that Congressional Committee Must Respond to SEC...
In an opinion dated Friday but released this morning, Judge Gardephe largely upheld subpoenas to a congressional committee and a staffer concerning allegedly unlawful stock trading under the STOCK Act,...
View ArticleJudge Gardephe Certifies for Appeal Issue of Whether SEC Can Subpoena...
Judge Gardephe yesterday certified for interlocutory appeal his earlier ruling (covered here) allowing the SEC to obtain some (but not all) categories of information sought by a subpoena to a...
View ArticleJudge Rakoff : “Conscious Avoidance” of Source of Stock Tip Can Result in...
In an opinion yesterday, Judge Rakoff denied a summary judgment motion brought by two SEC defendants who traded on a tip that IBM was about to acquire a company called SPSS. The tip passed from a...
View ArticleJudge Rakoff Reluctantly Declines to Refer Defendant in SEC Civil Case for...
In an opinion today, Judge Rakoff explained why he would decline to refer Darlyl Payton, a defendant who was recently found liable an SEC insider trading case, to the U.S. Attorney’s Office for a...
View ArticleSEC Claims Cooperator Lied At Trial; Seeks To Up Penalty from $2,500 to $3...
The SEC claims that insider trading defendant Thomas Condradt committed perjury at the trial of his co-defendant Daryl Payton in breach of his cooperation agreement and, instead of the agreed-upon...
View ArticleJudge Pauley Rejects Request to Force SEC to Pay Witness’s $17,000 Travel Bill
Judge Pauley yesterday denied a request for the government to reimburse over $17,000 in travel expenses incurred at a deposition in London in the ongoing SEC case against Caledonian Bank (previous...
View ArticleJudge Abrams Harshly Criticizes SEC’s “Lifetime Gag” Settlement Requirement
In an opinion Friday, Judge Abrams approved an SEC settlement, but wrote that she would “not do so silently,” because she found highly “troubling” the SEC’s standard, non-negotiable provision requiring...
View Article
