Application Of Collateral Estoppel In SEC Civil Action Found To Be Proper

Mealey's (April 7, 2020, 2:53 PM EDT) -- CHICAGO — A federal district court did not err in applying the doctrine of collateral estoppel to a defendant in a Securities and Exchange Commission civil enforcement action stemming from an investment fraud scheme because it correctly applied preclusion principles when it granted the SEC’s motion for summary judgment, a Seventh Circuit U.S. Court of Appeals panel ruled April 6 (Securities and Exchange Commission v. Timothy S. Durham, No. 19-1653, 7th Cir., 2020 U.S. App. LEXIS 10674)....