Panel: Man Given Proper Notice, Opportunity To Be Heard In Securities Fraud Suit

Mealey's (January 19, 2023, 1:04 PM EST) -- NEW YORK — A Second Circuit U.S. Court of Appeals panel ruled that a federal court did not abuse its discretion in imposing a contempt order against a man ordered to pay nearly $3 million in disgorgement, prejudgment interest and a civil penalty in connection with his conviction for his role in a securities fraud scheme because the man was provided with “notice and opportunity to be heard.”...