Panel Upholds Judgments Against Defendants In Securities Fraud Suit

Mealey's (February 7, 2019, 1:38 PM EST) -- NEW YORK — A Second Circuit U.S. Court of Appeals panel on Feb. 6 ruled that a federal district court did not err in denying motions to vacate judgments filed by defendants in a Securities and Exchange Commission enforcement action because the defendants waived their statute of limitations argument when they failed to answer the complaint against them (United States Securities and Exchange Commission v. Irwin Boock, et al., No. 18-700, 2nd Cir., 2019 U.S. App. LEXIS 3634)....