9th Circuit Panel Upholds Summary Judgment Ruling In SEC Enforcement Action

(June 16, 2017, 11:24 AM EDT) -- SAN FRANCISCO — A federal district court did not err in granting the Securities and Exchange Commission’s motion for summary judgment on the issue of defendants’ liability for their roles in orchestrating a more than $800 million Ponzi scheme, a Ninth Circuit U.S. Court of Appeals panel ruled June 7 in affirming the District Court’s ruling (Securities and Exchange Commission v. Edwin Yoshihiro Fujinaga, et al., No. 15-16026, 9th Cir., 2017 U.S. App. LEXIS 10130)....