Case Study
SEC Proceeding Regarding Bond Fund Disclosures
The administrative law judge cited Cornerstone Research experts in her ruling related to issuer reporting and disclosure. Retained by Mintz Levin Cohn Ferris Glovsky and Popeo and by McDermott Will & Emery In a Securities and Exchange Commission (SEC) administrative proceeding against two former executives of State Street Corporation, Chief Administrative Law Judge Brenda P. Murray exonerated the defendants, finding that their investor communications regarding a fixed-income fund “did not contain materially false or misleading statements or material omissions.” Defense counsel retained Cornerstone Research, Professor Erik Sirri of Babson College, and Professor John Peavy of Texas Christian University, to address the SEC’s allegation that the defendants failed to disclose the true riskines