Federal Judge Cheekily Admits That Her Dad Might Have Been Right

Sometimes a judge just needs to say something for the record. In SEC v. Moraes, Judge Ronnie Abrams of the Southern District of New York approved a standard consent agreement concluding an SEC enforcement action. But Judge Abrams refused to do so without expressing her disapproval of the SEC’s long-standing practice of demanding that all settling parties agree to never deny or even “create the impression” that the SEC’s allegations are not true upon pain of reopening the investigatio…… read more