Judge Raises Concerns About Failure to Take Blame in SEC Settlements

, The Litigation Daily

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"In this court's view, it is both counterintuitive and incongruous for defendants in this SEC enforcement action to agree to settle a case for $600 million that would cost a fraction of that amount, say $1 million, to litigate, while simultaneously declining to admit the allegations asserted against it by the SEC," Southern District Judge Victor Marrero wrote.

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