Judge Rejects Defendants’ Reconsideration Motion In Securities Fraud Suit

(December 12, 2016, 10:34 AM EST) -- CENTRAL ISLIP, N.Y. — A federal judge in New York on Dec. 8 denied a motion for reconsideration of a previous reconsideration order in a securities fraud lawsuit against the former chairman of the board of directors for an internet startup company, ruling that “no procedural vehicle exists for the reconsideration of a motion for reconsideration” (Securities and Exchange Commission v. iShopNoMarkup.com, et al., No. 04-4057, E.D. N.Y.; 2016 U.S. Dist. LEXIS 169980)....

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