Luis Aguilar lashed out at his fellow SEC commissioners for the weak penalties they imposed on a former CFO. But the most disturbing part of his dissent was his accusation that the agency waters down the facts it releases to the public about cases it settles.
- Goldman, JPMorgan Crush Aluminum Price-Fixing Claims
- Scheindlin Tosses Claims That Ford and IBM Aided Apartheid
- Detroit Bankruptcy Trial Steps into Uncharted Territory
- Ninth Circuit Hikes Oracle's Copyright Damages Against SAP
- SEC Pays Whistleblower $300K
- Litigator of the Week: Margaret Zwisler of Latham & Watkins
Reports of aluminum price-fixing by big investment banks and the London Metal Exchange sparked widespread outrage—and class action litigation. Zwisler led LME to an early victory this week, leaving the other defendants to face the plaintiffs on their own.