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Thursday, April 03, 2003

ABA opposition to SEC "noisy withdrawal" rules
Bernard Hibbitts at 9:41 AM ET

In a letter Tuesday to the Securities and Exchange Commission, American Bar Association President Alfred P. Carleton Jr. cited attoney-client privilege and reiterated the ABA's opposition to proposed "noisy withdrawal" rules that would require lawyers representing corporate clients to notify the SEC if they were withdrawing from representation due to material violation of securities laws, breach of fiduciary duties, or similar violations by their clients or their agents. Read his letter to the SEC[PDF].



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