Securities Law Prof Blog

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

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Friday, February 19, 2010

Judge Rakoff Mulls Over Deposition Testimony in Deciding Whether to Approve SEC-BofA Settlement

The New York Attorney General's Office turned over to Judge Rakoff copies of five depositions, including that of former (and fired) Bank of America GC Timothy Mayopoulos, as the judge requested.  Judge Rakoff is trying to figure out why the factual allegations of the New York AG and the SEC differ.  He is expected to announce on Monday whether he will approve the SEC-BofA settlement.  If not, trial of one of the SEC's actions will begin March 1.  WSJ, Cuomo Turns Over BofA Testimony.

http://lawprofessors.typepad.com/securities/2010/02/judge-rakoff-mulls-over-deposition-testimony-in-deciding-whether-to-approve-secbofa-settlement.html

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