July 21, 2014

No-contest settlements affected by U.S. ruling

Shara Roy's article appears in the July 18, 2014 issue of the Lawyers Weekly published by LexisNexis Canada Inc.

"The U.S. Court of Appeals for the Second Circuit released its decision earlier this month in SEC v. Citigroup Global Markets Inc. It overturns a widely publicized decision of Judge Jed Rakoff of the U.S. District Court for the Southern District of New York, and has the potential to shake up regulatory "no-contest" settlements in the U.S. and Canada..."