Kramer Levin Clients Franklin and Oppenheimer Have Big Win With Puerto Rico Recovery Act Declared "Unconstitutional"
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Investors including OppenheimerFunds and Franklin Resources have convinced a judge that bankruptcy law and the U.S. Constitution should prevail.
SEC officials Luis Aguilar and Kara Stein (pictured) say the regulator turned a 'blind eye' to Oppenheimer's pattern of misconduct in giving the firm a penalty waiver for penny stock improprieties.
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