Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Tuesday, February 27, 2007

SEC Case against 2 former Citicorp Officers Dismissed

A judge dismissed the SEC's lawsuit against 2 former Citicorp officers.  The agency alleged that millions of dollars saved from a contract negotiated with First Data Investment Services should have been used to reduce mutual fund fees.  The judge said the SEC waited too long and didn't have the facts.  See NY Times, Suit Against Ex-Citi Officers Is Dismissed and WSJ, Judge Dismisses Suit Over Transfer Agent.

http://lawprofessors.typepad.com/securities/2007/02/sec_case_agains.html

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