Sometimes
a
judge
just
needs
to
say
something
for
the
record.
In
SEC
v.
Moraes,
Judge
Ronnie
Abrams
of
the
Southern
District
of
New
York
approved
a
standard
consent
agreement
concluding
an
SEC
enforcement
action.
But
Judge
Abrams
refused
to
do
so
without
expressing
her
disapproval
of
the
SEC’s
long-standing
practice
of
demanding
that
all
settling
parties
agree
to
never
deny
or
even
“create
the
impression”
that
the
SEC’s
allegations
are
not
true
upon
pain
of
reopening
the
investigation.
It’s
an
unusual
demand
to
be
sure.
Judge
Abrams
objects
to
the
practice
on
First
Amendment
grounds.
The
Commission
thinks
it’s
important
to
stop
people
from
telling
the
market
that
their
case
was
all
one
big
misunderstanding.
In
any
event,
Adam
Liptak
of
the
New
York
Times
caught
a
fun
footnote
after
Judge
Abrams
cited
the
failed
cert
petition
in
SEC
v.
Romeril
challenging
the
practice:
In
the
interest
of
full
transparency,
the
Court
notes
that
Romeril
was
represented
on
his
petition
for
certiorari
by
Floyd
Abrams,
my
father.
Rare
though
it
may
be,
occasionally
we
must
acknowledge
when
our
parents
happen
to
get
it
right.
Cute.
Check
out
the
full
opinion
here.
Joe
Patrice is
a
senior
editor
at
Above
the
Law
and
co-host
of
Thinking
Like
A
Lawyer.
Feel
free
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