Not a Lexis Advance subscriber? Try it out for free.

Mealeys

Mealey's Securities/D&O Liability - District Court's Disgorgement Order Upheld By 10th Circuit On Appeal

DENVER - A federal district court did not err in granting the Securities and Exchange Commission prejudgment interest in addition to the more than $5 million in disgorgement it sought for a defendant's alleged violations of the Investment Company Act (ICA) and federal securities laws as part of a securities fraud scheme, a 10th Circuit U.S. Court of Appeals panel ruled Dec. 6 in affirming (Securities and Exchange Commission v. Charles R. Kokesh, No. 19-2000, 10th Cir., 2019 U.S. App. LEXIS 36296).
Find full version on lexis Advance®