More Securities Law Updates
Page 1 of 10 of Securities Law Summaries » New Settlements and Verdicts
Securities and Exchange Commission v. Anthony A. James and James Asset Advisory, L.L.C. | No. 08-61516-CIV-ALTONAGA/BROWN |
U.S. District Court for the Southern District of Florida | 3/23/2009
Holding: The Securities and Exchange Commission (“SEC”) announced that on March 23, 2009, the United States District Court for the Southern District of Florida, entered a final judgment ordering Anthony A. James to pay $2,390,487.45 in disgorgement, plus prejudgment interest of $84,620.10 and a $130,000 civil penalty in connection with his…
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Commodity Futures Trading Commission v. George D. Hudgins | No. 6:08cv187 |
U.S. District Court for the Eastern District of Texas | 4/2/2009
Holding: In a fraud suit relating to commodity futures and options contracts, the U.S. District Court for Eastern District of Texas has ordered Texas resident George D. Hudgins (d/b/a George D. Hudgins, L.L.C.) to pay $71 million to victims of his Ponzi scheme and a civil penalty of $15 million. The…
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Securities and Exchange Commission v. Benny L. Judah, et al. | No. 5:09-CV- 0087-C |
United States District Court for the Northern District of Texas | 4/23/2009
Holding: Without admitting or denying the Securities and Exchange Commission’s (“SEC”) allegations, Texas businessman Benny L. Judah and his company, Excel Lease Fund, Inc. have consented to the asset-freeze and receivership orders, as well as permanent injunctions against future violations of anti-fraud provisions of federal securities laws, particularly the Securities Act…
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SEC v. Automated Trading Desk Specialists, LLC, et al. | Nos. 09-1977/09-1976 /09-1978/09-1975 /09-1973 |
U.S. District Court for the Southern District of New York | 3/24/2009
Holding: Defendants Automated Trading Desk Specialists, LLC (“ATD”); E*Trade Capital Markets LLC (“E*Trade”); Melvin Securities, L.L.C. (“Melvin”); Melvin & Company LLC (“Melvin Co”); Sydan, LP (“Sydan”); and TradeLink, LLC (“TradeLink”) have settled unlawful proprietary trading charges filed by the Securities and Exchange Commission (“SEC”) in the U.S. District Court for the…
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Securities and Exchange Commission v. Joseph J. Queri Jr., et al. | No. 2:08-CV-01361-AJS and No. 2:08-CV-01367-AJS |
U.S. District Court for the Western District of Pennsylvania | 4/17/2009
Holding: The U.S. District Court for the Western District of Pennsylvania has entered final judgments against Joseph J. Queri, Jr., a resident of Pittsburgh, Pennsylvania, and Kyle D. Kaczowski, a resident of Las Vegas, Nevada, in two separate district court cases. The SEC charged them, and fourteen other defendants, with insider…
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Securities and Exchange Commission v. Tri Energy, Inc., et al. | No. ED CV 05-00351 AG(MANx) |
U.S. District Court for the Central District of California | 4/13/2009
Holding: The Securities and Exchange Commission (“SEC”) has announced that the U.S. District Court for the Central District of California entered a final judgment on April 13, 2009, against defendants Tri Energy, Inc., H & J Energy Company, Inc., Robert Jennings, Arthur Simburg, and La Vie D'Argent (collectively the "Tri Energy…
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SEC v. Lydia Capital, LLC et al. | No. 07-CV-10712-RGS |
U.S. District Court for the District of Massachusetts | 4/8/2009
Holding: The U.S. District Court for District of Massachusetts has entered a final judgment on April 8, 2009 against defendant Glenn Manterfield, a citizen of the United Kingdom, in connection with a civil injunctive action filed in April 2007 by the Securities and Exchange Commission (“SEC”) against Manterfield, his business partner…
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SEC v. Mercury Interactive, LLC, et al. | No. 07-2822 (RS) |
U.S. District Court for the Northern District of California | 3/23/2009
Holding: Sharlene Abrams, a former chief financial officer of Mercury Interactive, LLC, (“Mercury”) has settled civil fraud charges arising from an alleged scheme to backdate stock option grants and from other alleged misconduct. Without admitting or denying the allegations in the Securities and Exchange Commission's (“SEC”) complaint, Abrams consented to the…
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SEC v. Take-Two Interactive Software Inc. | No. 09- cv-3313 |
U.S. District Court for the Southern District of New York | 4/6/2009
Holding: Take-Two Interactive Software, Inc. (“Take-Two”), the publisher and distributor of the “Grand Theft Auto” computer video game, has agreed to pay $3 million to settle accusations filed by the Securities and Exchange Commission (“SEC”) and the Department of Justice (“DOJ”) that it had engaged in illegal stock options backdating over…
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Securities and Exchange Commission v. Escala Group, Inc., et al. | No. 09 CV 2646 (DLC) |
U.S. District Court for the Southern District of New York | 3/23/2009
Holding: Without admitting or denying the allegations in the complaint filed by the Securities and Exchange Commission (“SEC”), Escala Group, Inc. (“Escala”) consented to a permanent injunction against future violations of anti-fraud and reporting provisions of federal securities laws, specifically the Securities Exchange Act of 1934 (“Exchange Act”) and its implementing…
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Page 1 of 10 of Securities Law Summaries » New Settlements and Verdicts
