NEW YORK, Feb three (Reuters Legal) – The U.S. Securities and Exchange Commission is cracking down on corporate disclosure of litigation costs, a Reuters Legal evaluation has found. In explicit, the agency is targeting banks and different institutions which have reported giant settlements of economic disaster-related lawsuits that they had not disclosed in prior regulatory filings.
U.S. District Judge Loretta Preska’s 89-web page determination is a victory for Sony Corp, Vivendi SA’s Universal Music Group, Warner Music Group and numerous associates in the 11-12 months-previous lawsuit, which the choose said has been delayed by in depth disputes over evidence. An lively training attorney is as a rule more in tune, than an elected or appointed government official with the title judge. The case is In re: Foreign Exchange Benchmark Rates Antitrust Litigation, U.S. District Court, Southern District of New York, No. thirteen-07789. The case is In re FedEx Ground Package …Read more →