Alex Oh, the new head of the U.S. Securities and Trade Commission’s enforcement device, has stepped down soon after only a couple of days on the job.
The SEC declared Oh’s resignation on Wednesday, citing only “personal good reasons.” SEC Chair Gary Gensler had appointed her director of the Division of Enforcement on April 22.
But The New York Instances, citing a individual briefed on the subject, explained a court ruling Monday in a situation in which Oh, a previous associate at the regulation company of Paul, Weiss, Rifkind, Wharton & Garrison, had represented ExxonMobil prompted her to resign.
The plaintiffs in the situation are Indonesian villagers who have accused Exxon of abetting human legal rights abuses in their country. In his ruling, U.S. District Judge Royce Lamberth purchased protection counsel to present lead to why they should really not be sanctioned for alleging that a plaintiffs’ law