Preliminary Injunction Freezing Parties’ Assets In SEC Action Maintained

Mealey's (March 17, 2021, 1:58 PM EDT) -- PASADENA, Calif. — A federal district court did not abuse its discretion in granting a preliminary injunction freezing the assets of two defendants in a Securities and Exchange Commission enforcement action related to an alleged securities fraud scheme because the district court correctly found that the SEC was likely to succeed on the merits of its claims, a Ninth Circuit U.S. Court of Appeals panel ruled March 12 in affirming....