Atkins warns of "double-dipping"
LEGAL BEAT
Under Section 308 of the Sarbanes-Oxley Act (the Fair Funds provision), the SEC is permitted to distribute the penalties imposed on corporations that violate securities laws as compensation to harmed investors.
However, the same investors compensated under the Fair Funds provision of Section 308 of Sarbanes-Oxley, can also bring private law suits and benefit from private securities litigation settlements under the Private Securities Litigation Reform Act (PSLRA) of 1995.
"There is a terrific
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