In The News
| May 5, 2009
Dewey & LeBoeuf Litigation Team Wins Significant Victory Against SEC Charges
On April 27, 2009, Dewey & LeBoeuf achieved a significant victory on behalf of client Jay Carter when the District of New Jersey dismissed all fraud and aiding and abetting charges brought against him by the Securities and Exchange Commission. More fundamentally, D&L’s Securities Litigation Team convinced the court to establish important precedents restricting the SEC’s power to prosecute innocent corporate officers, who neither participated in nor knew of financial misstatements.
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