LexisNexis Overview: SEC's suit alleging false and misleading statements
in violation of 15 U.S.C.S. § 78j(b) and other federal securities laws was
timely under 28 U.S.C.S. § 2462 because the suit was filed within five years of
when the alleged fraudulent scheme was revealed to the public, and there was no
showing that the SEC could have uncovered the fraud earlier.
Counsel: John J. Bowers, Esq., Paul Kisslinger, Esq., Sharon Custer, Esq., U.S.
SECURITIES & EXCHANGE COMMISSION, Washington, DC, Counsel for Plaintiff the
United States Securities and Exchange Commission.
JEROME B. SIMANDLE, United States District Judge.
Lexis.com subscribers can view the enhanced
version of United States SEC v. Kearns