SEC v. Wyly (II)

BVLaw
Full Text of Court Cases
September 25, 2014

Access the Full Article

This article and its downloads are available with a subscription to any of these products:
Already a subscriber?  Login
This article is also available for purchase. (12,789 words)   Add to Cart >>
Need help? Contact us:
1-503-479-8200 ext 2 or sales@bvresources.com
securities litigation
fraud, stock, holding period, reasonable approximation
SEC v. Wyly (II)
2014 U.S. Dist. LEXIS 135671
US
Federal Court
New York
United States District Court
: Dr. Chyhe Becker (SEC); Prof. Daniel Fischel (defendants)
Sheindlin

Summary

In “highly unusual” securities fraud case involving numerous offshore trusts to enable defendants’ tax deferral scheme, court finds SEC’s disgorgement calculation based on unpaid taxes does not violate Tax Code and is best measure of ill-gotten gains.
SEC v. Wyly (II)
PDF, Size: 237 KB

See Also

Court Sanctions SEC’s Novel, Alternative Disgorgement Measure (SEC v. Wyly II)

Legal and Court Case Update
April 2015

In “highly unusual” securities fraud case involving numerous offshore trusts to enable defendants’ tax deferral scheme, court finds SEC’s disgorgement calculation based on unpaid taxes does not violate Tax Code and is best measure of ill-gotten gains.