Mealey's Securities/D&O Liability - Magistrate Judge: SEC May Use Alternative Means To Serve Defendant

Mealey's Securities/D&O Liability - Magistrate Judge: SEC May Use Alternative Means To Serve Defendant

LAS VEGAS - A federal magistrate judge in Nevada on March 3 ruled that the Securities and Exchange Commission may use an alternative means to serve a defendant in an enforcement action who is living in Israel, because international law and the laws of Israel allow for such action (Securities & Exchange Commission v. Banc de Binary, et al., No. 13-993, D. Nev.; 2014 U.S. Dist. LEXIS 26730).

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