Hopefully This Isn’t the Week You Chose to Settle With the Feds . . .

“In a departure from long-established practice, the recently confirmed chairwoman of the Securities and Exchange Commission, Mary Jo White, said this week that defendants would no longer be allowed to settle some cases while ‘neither admitting nor denying wrongdoing.’”

[“S.E.C. Has a Message for Firms Not Used to Admitting Guilt,” The New York Times, 6/22/2013]

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