1st Circuit Reverses Disgorgement Against German Man In Securities Fraud Case

(February 13, 2024, 1:56 PM EST) -- BOSTON — Finding that a federal court in Massachusetts wrongly determined that it had jurisdiction over a German man accused as a relief defendant by the Securities and Exchange Commission of receiving $3.3 million from his son in ill-gotten gains because it had jurisdiction over his son as a defendant-in-interest, a First Circuit U.S. Court of Appeals panel reversed a disgorgement order against the man....