The U.S. Securities and Exchange Commission announced Thursday it has approved new circuit breaker rules in response to the market disruption that took place on May 6.
The sponsors loved the exposure, TV companies thrived on the novelty factor, the fans enjoyed something different and the drivers approved of the street circuit, which even allowed for overtaking.
If approved, the new limit up-limit down mechanism would replace the existing single stock circuit breakers, which were approved on a pilot basis shortly after the market events of May 6, 2010.
It was actually an indecision a denial of a request for rehearing en banc by objectors to a class action settlement approved by a three-judge panel of the Ninth Circuit last year in Lane v.
Howard County Circuit Judge Diane Leasure ruled Tuesday that Tripp's immunity deal with Starr was not approved by a federal judge until a month after the agreement was reached, in February 1998, and did not cover the playing of the tapes for Newsweek earlier in January.