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.