Panel: Court Incorrectly Granted Summary Judgment In SEC Enforcement Action

Mealey's (July 1, 2019, 1:53 PM EDT) -- NEW ORLEANS — A Fifth Circuit U.S. Court of Appeals panel on June 27 held that a federal district court erred in granting the Securities and Exchange Commission’s summary judgment motion in an enforcement action because it failed to consider “several issues of material fact” that were raised by the defendants in the action (Securities and Exchange Commission v. Arcturus Corp., et al., No. 17-10503, 5th Cir., 2019 U.S. App. LEXIS 19230)....