Killing dead flies with a sledgehammer: SEC proceedings against alre...

12/22/11

Killing dead flies with a sledgehammer: SEC proceedings against already ...
Thomson Reuters News & Insight
Five companies had filed under Chapter 7 of the Bankruptcy Code that provides for the liquidation of the company. In other words, some 71 percent of the companies failed to contest the SEC's proceedings; 58 percent were legally non-existent; ...