Washington Legal Foundation v. SEC
- Case Date: 6/30/2005
- Project Name: Reining in the Plaintiffs' Bar
As part of WLF's Investor Protection Program, WLF filed a Freedom of Information Act lawsuit against the Securities and Exchange Commission seeking documents relating to abusive practice of short-selling stock of companies that are subsequently sued by class action attorneys. WLF had filed several complaints with the SEC requesting an investigation into this questionable relationship between short-sellers and class action attorneys who later sue the targeted company. On April 22, 2005, the SEC indicated that they could not locate any responsive documents. WLF appealed that decision in May and filed suit on June 30, 2005 when no decision on the appeal or responsive documents were forthcoming.
|WLF and SEC are negotiating document production.|
More Information and Downloads:
6/30/2005: Download the Brief
Press Release: WLF Files Lawsuit Against SEC To Release Documents