1st Circ Nixes SECs Fines Against Ex State Street - McDermott Will & Emery

1st Circ Nixes SECs Fines Against Ex State Street

Overview


Mark Pearlstein, Fredric Firestone, Laura McLane and David Chen successfully represented a former investment company executive before the First Circuit, which ruled that the SEC erred by having insufficient evidence to impose sanctions on the executive. Mr. Pearlstein said that the court “has exonerated [the executive] and found that the charges against him were baseless. This case should never have been brought by the SEC.”