Bloomberg Law
Jan. 14, 2016, 3:53 PM UTC

The SEC is Doubling Down on Its Home Field Advantage, Report Says

Blake Edwards

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 ...

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