Munger Tolles Seeks to Dismiss $4 Million SEC ‘Clawback’ Suit Against Ex-CEO
Last summer, when the Securities and Exchange Commission sued former CSK Auto CEO Maynard Jenkins to recover $4 million he earned between 2002 and 2004, it marked the first time the SEC had brought an enforcement action solely under the clawback provision of Sarbanes-Oxley. The case surely made more than a few CEOs grab their wallets, but Jenkins' lawyers at Munger, Tolles & Olson are trying to allay fears in a just-filed motion seeking to dismiss the action.
