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New York Court of Appeals Rules That $140 Million Disgorgement Payment to SEC Is Not an Uninsurable 'Penalty' - Vimarsana News

New York Court of Appeals Rules That $140 Million Disgorgement Payment to SEC Is Not an Uninsurable 'Penalty'

On Nov. 23, the New York Court of Appeals held in a 6-1 ruling that an investment firm’s $140 million disgorgement payment to the Securities and…

New York Court of Appeals Rules That $140 Million Disgorgement Payment to SEC Is Not an Uninsurable 'Penalty' | Kramer Levin Naftalis & Frankel LLP - Vimarsana News

New York Court of Appeals Rules That $140 Million Disgorgement Payment to SEC Is Not an Uninsurable 'Penalty' | Kramer Levin Naftalis & Frankel LLP

On Nov. 23, the New York Court of Appeals held in a 6-1 ruling that an investment firm’s $140 million disgorgement payment to the Securities and Exchange Commission (SEC) was not a...