SEC v. Conaway, 2010 U.S. Dist. LEXIS 17057 (E.D. Mich. February 25, 2010)

SEC v. Conaway, 2010 U.S. Dist. LEXIS 17057 (E.D. Mich. February 25, 2010)

LexisNexis Overview: Under 15 U.S.C.S. § 78u(d)(1), a court found it unnecessary to enjoin a CFO whom the SEC found liable for committing securities fraud from violating the securities laws in the future because, although the CFO gave false testimony under oath, there was little likelihood that he would be hired by another publicly-traded corporation in the short term.

Counsel: For Securities and Exchange Commission, Plaintiff: Alan M. Lieberman, Dean M. Conway, Reid A. Muoio, LEAD ATTORNEYS, Robert I. Dodge, U.S. Securities and Exchange Commission, Washington, DC; Ellen E. Christensen, LEAD ATTORNEY, U.S. Attorney's Office, Detroit, MI; Richard B. Skaff, Securities & Exchange Commission, Washington, DC.

For Charles C. Conaway, Defendant: Hille R. Sheppard, Scott R. Lassar, LEAD ATTORNEYS, Sidley, Austin, Chicago, IL; John F. Sylvia, Mintz, Levin, Boston, MA; Todd R. Mendel, Barris, Sott, Detroit, MI.

For John T. McDonald, Jr., Defendant: John F. Sylvia, McKenzie E. Webster, LEAD ATTORNEYS, Jessica C. Sergi, Joseph P. Curtin, Mintz, Levin, Boston, MA; Hille R. Sheppard, LEAD ATTORNEYS, Sidley, Austin, Chicago, IL.

Judges: Steven D. Pepe, United States Magistrate Judge.

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