In litigation, as in real estate, location matters, a fact of which the Securities and Exchange Commission is well-aware.
According to a new report , the SEC is bringing more cases than ever against public companies in its own administrative courts instead of traditional courts, where procedures are more defendant-friendly and high-dollar settlements may be less likely to be approved.
Stephen Choi, a professor at NYU Law School and an author of the report, said the trend is bad news for corporate legal departments and Big Law securities litigators. “The SEC enjoys a lot of advantages in its in-house administrative proceedings,” Choi said. “If I were in-house counsel at ...
Learn more about Bloomberg Law or Log In to keep reading:
Learn About Bloomberg Law
AI-powered legal analytics, workflow tools and premium legal & business news.
Already a subscriber?
Log in to keep reading or access research tools.