Government
Jul. 22, 2009
SEC Skips Lawyers in Review of Pay-to-Play Pension Cases
Even as the Securities and Exchange Commission cracks down on pay-to-play arrangements in public pension fund management, lawyers and law firms have apparently avoided the same scrutiny.
Daily Journal Staff Writer WASHINGTON - Even as the Securities and Exchange Commission and New York's attorney general crack down on pay-to-play arrangements in public pension-fund management, lawyers and law firms have apparently avoided the same scrutiny on allegations that they bought lead counsel status in securities litigation, white-collar crime experts said. That reading was based on comments last week by SEC Chairman Mary...
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