Columbia Law School Blog Publishes Akin Gump Post on SDNY SEC Enforcement Proceedings Ruling
The CLS Blue Sky Blog, Columbia Law School’s blog on corporations and the capital markets, has published the article “Akin Gump discusses SDNY Judge Berman Enjoining SEC Administrative Proceeding as ‘Likely Unconstitutional,’” written by Akin Gump litigation partners James Benjamin Jr., Joseph Boryshansky and Charles Connolly, senior counsel Kimberly Ball, counsel Stanley Woodward Jr. and associate Courtney Cardin.
The article discusses a recent federal court decision blocking the Securities and Exchange Commission from moving forward with an administrative proceeding as part of an enforcement action. The judge in the case, as the article notes, cautioned that the SEC’s use of this forum could cause the commission to “become, in effect, a law unto itself.”
To read the client alert from which the article originated, please click here.