Tuesday, July 5, 2005

SEC to pursue Richard Scrushy in civil court

According to the Washington Post, now that federal prosecutors lost their criminal case against Richard Scrushy, the Securities and Exchange Commission is taking a crack at him.

There of course is nothing legally wrong with the SEC going after someone before, or after, a criminal prosecution, but it sure does seem to be a bit...unseemly. Some will surely see this as an abusive series of prosecutions against Mr. Scrushy, but my money is on a quick settlement of such charges where the SEC takes a paper, and meaningless, "victory" complete with a huge press release.

Stay tuned.
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