9th Circuit Panel Affirms Orders In SEC Enforcement Action

Mealey's (February 1, 2019, 2:13 PM EST) -- SAN FRANCISCO — A Ninth Circuit U.S. Court of Appeals panel on Jan. 30 ruled that a federal district court did not err in granting summary judgment in favor of the Securities and Exchange Commission in an enforcement action against an inventor and his related companies or in issuing its final judgment requiring the defendants to, among other things, disgorge all ill-gotten gains and pay a civil penalty and prejudgment interest (U.S. Securities and Exchange Commission v. Inteligentry Ltd., et al., No. 17-16644, 9th Cir., 2019 U.S. App. LEXIS 3072)....