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

Business Valuation UpdateVol. 21 No. 4
Legal and Court Case Update
April 2015

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securities litigation
fraud, stock, holding period, reasonable approximation
SEC v. Wyly (I)
2014 U.S. Dist. LEXIS 175940
December 19, 2014
US
Federal Court
New York
United States District Court
Dr. Chyhe Becker (SEC); Prof. Daniel Fischel (defendants)
Sheindlin

Summary

In lengthy, complex, and “highly unusual” securities fraud case involving numerous offshore trusts to affect tax deferral, court approves SEC’s alternative disgorgement calculation based on trading profits from the sale of registered securities.

See Also

SEC v. Wyly (I)

Full Text of Court Cases
December 19, 2014

In lengthy, complex, and “highly unusual” securities fraud case involving numerous offshore trusts to affect tax deferral, court approves SEC’s alternative disgorgement calculation based on trading profits from the sale of registered securities.