In a dispute over destroyed records, including those on convicted Ponzi-schemer Bernard Madoff and other high-profile cases, a Washington federal judge ruled (PDF) yesterday that the U.S. Securities and Exchange Commission did not abuse its discretion in how it responded to a request to recover them.
U.S. District Judge James Boasberg dismissed a lawsuit brought by Citizens for Responsibility and Ethics in Washington, or CREW. The group alleged that the agency failed to try to recover records on now-closed investigations that were destroyed, in violation of the Federal Records Act.
