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The oil giant is arguing that if anything, Mr. Feinberg's proposed settlements are too generous.
Federal judges in Brooklyn and Wisconsin cited the opinion in other cases involving the S.E.C., requesting additional information from the agency about its allegations before considering proposed settlements.
Because the proposed settlements included a permanent injunction against further wrongdoing by the defendants, they are subject to approval from a federal judge.
A federal judge on Wednesday provisionally approved the first part of proposed settlements totaling $3.9 million in two closely watched wage-violation lawsuits brought against one of Manhattan's leading restaurant owners.
[C11.] Adelphia Devises Plan to Settle Creditor Disputes The Adelphia Communications Corporation, the cable provider, said it had proposed settlements with some of its creditors so it could exit bankruptcy and be sold to Time Warner Cable and Comcast.
Thompson has claimed Lyons and Kroll were aware of the full details of the proposed settlements and that Patten, who replaced Lyons in May 2011, was also briefed on Byford and Baylay's payoffs.
Similar(46)
Let's be clear: The state attorneys general's proposal is just that — a proposed settlement.
The proposed settlement also raises privacy concerns.
Members will vote on the proposed settlement today.
Terms of the proposed settlement were not disclosed.
The outlines of the proposed settlement were still sketchy today.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com