SEC Properly Pleaded Debt Collection Claim, Federal Judge Rules

NEW YORK - The U.S. Securities and Exchange Commission has properly pleaded its federal claim against a defendant in a securities fraud lawsuit, a federal judge in New York ruled Jan. 24 in denying the defendant's motion to dismiss for failure to state a claim (Securities and Exchange Commission v. ICP Asset Management, LLC, et al., No. 10-4791, S.D. N.Y.; 2012 U.S. Dist. LEXIS 8226). Full story on lexis.com