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Harris Fischman Publishes Law360 Expert Analysis on SEC Admissions Policy Outcomes
February 28, 2023
Litigation partner Harris Fischman wrote an expert analysis in Law360 on the collateral consequences for companies that have complied with the SEC’s policy of requiring admissions of wrongdoing in cases involving egregious conduct. In “SEC Admissions Policy Hasn't Led To Big Consequences,” published on February 28, Harris notes that while the SEC has secured admissions in a number of high-profile actions, it did so under circumstances that are not likely to have significant collateral consequences for the defendants.
“If the Enforcement Division changes course and requires admissions from settling corporations in matters that would result in serious collateral consequences, corporations will be less likely to settle and the SEC will need to expend significant resources to litigate cases that otherwise could have been resolved,” Harris adds.
Litigation associate Savanna Leak assisted in the preparation of this article.