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Home / Opinion Digests / No ‘Reservation of Rights’ in Answer to SEC (access required)

No ‘Reservation of Rights’ in Answer to SEC (access required)

A Norfolk U.S. District Court grants the government’s motion to strike a “Reservation of Rights” clause in an answer filed by a defendant to this action by the U.S. Securities and Exchange Commission, in which defendant purports to reserve the right to “amend, supplement and/or modify her answer.” Rule 12(f) states that a district court may ...

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