|by Kevin McCoy, USA TODAY|
But that's exactly the scenario unfolding in a newly escalated legal showdown between the
Formally issued at
Approximately 15 minutes before the
For example, shares of
A lobbyist at international law firm
Sutter told investigators he did not recall such a discussion, the filings show.
Less than a half hour later, the financial analyst sent a "flash report" to nearly 200 clients, including some prominent investment funds, the filings show. In part, the email stated "we now believe that a deal has been hatched to protect
"The Commission staff also has additional information indicating that Sutter may have been a source of the information" in the lobbyist's email, she added.
Sutter "may not be compelled to testify absent extraordinary circumstances, not present here," wrote Pittard, who characterized the subpoenas as "vague, confusing, overbroad, unduly burdensome and unlikely to lead to the discovery of admissible evidence."
Gardephe directed attorneys for the Ways and Means panel and Sutter to file written opposition responses to the subpoenas by