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Legal News

: JURIST - The Paper Chase

SEC sues former San Diego officials for pension-related securities fraud

By Bernard Hibbitts (editor) and University of Pittsburgh School of Law students.

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[JURIST] The US Securities and Exchange Commission (SEC) sued five former San Diego city officials in federal court Monday, alleging they committed securities fraud by failing to disclose funding shortfalls in the city's pension and health care plans to potential buyers and sellers of San Diego's municipal bonds. The SEC press release [text] explains the basis for the charges:...the five former read more

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Full post as published by JURIST - The Paper Chase on April 08, 2008 (boomark / email).

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