9th Circuit Panel Affirms Summary Judgment Ruling In Investment Fraud Suit

(February 14, 2020, 1:36 PM EST) -- SAN FRANCISCO — A Ninth Circuit U.S. Court of Appeals panel on Feb. 7 ruled that a federal district court did not abuse its discretion in denying reconsideration of its summary judgment ruling against a former executive vice president of a Switzerland-based company named with an acronym for “Make A Lot Of Money” in an investment fraud scheme because the defendant failed to show that any basis for relief from the ruling existed (U.S. Securities and Exchange Commission v. James Warras, No. 18-16684, 9th Cir., 2020 U.S. App. LEXIS 4113)....