Published on January 17, 2012 | by LawNews
Prof. Ronald Colombo Comments on New No Admit, No Deny Policy
By Evan Weinberger
January 6, 2012
Under the new adopted policy, the SEC will include facts from any criminal conviction, nonprosecution or deferred-prosecution agreements involving the defendants in its settlement agreements, and remove the no admit, no deny language.
But because the change will only apply to a minority of cases where the benefits of a no admit, no deny settlement are gone, the new policy will not mean a broad strategy change for the SEC, said Hofstra University Law School Professor Ronald Colombo.
“On paper, it is a policy shift,” Colombo said. “They’re doing it in a context where I don’t think it’s going to amount to much. But it looks better.”
Read the full article on law360.com.