New York Federal Judge Denies City’s Bid To Toss SEC Complaint Against It

(March 6, 2024, 1:36 PM EST) -- ROCHESTER, N.Y. — A federal judge in New York denied a motion for judgment on the pleadings filed by the city of Rochester, N.Y., and a former city official and a motion for partial judgment on the pleadings filed by a municipal advisory company and certain of its executives in a case brought against the parties by the Securities and Exchange Commission, finding that the SEC adequately pleaded that the parties issued materially misleading statements about municipal bonds offered by the city....