Summary Judgment Ruling In SEC Civil Action Against Former Beazer Exec Upheld

Mealey's (March 12, 2020, 1:51 PM EDT) -- ATLANTA — A federal district court did not err in applying the doctrine of collateral estoppel in a Securities and Exchange Commission civil action against a former senior officer of homebuilder Beazer Homes USA Inc. because each of the elements of collateral estoppel were met barring the district court from relitigating the issue of the defendant’s “intent or good faith,” an 11th Circuit U.S. Court of Appeals panel ruled March 11 (Securities and Exchange Commission v. Michael T. Rand, No. 19-11436, 11th Cir., 2020 U.S. App. LEXIS 7533)....