WSJ Law Blog Takes Misguided Pot Shot at Judge Rakoff

``Rakoff... took issue with the SEC's pattern of entering into settlements without any presentation of facts to the court (a contrast, as Rakoff noted, with the SEC settlement of Goldman's Abacus CDO) and ordered the parties to trial... Even if the case were to proceed to trial -- a possibility the parties could easily avoid by coming forward with evidence --the SEC's claim that it would suffer irreparable harm by being forced to expend resources to litigate the case borders on the absurd, given the fact that it has already expended those veryresources to litigate the same case against the former Citigroup employee, Stoker.''