After High Court's Liu Ruling, Calif. Co. Seeks SEC Relief
A health care company and its partial owners asked a California federal judge to review a $5.4 million disgorgement order they face in U.S. Securities and Exchange Commission suit, arguing the U.S. Supreme Court's recent LIU decision might mean they should be on the hook for only that amount.
In July 2 motion for relief from a final judgment, relief defendant Bekerley Healthcare Dynamics LLS asked U.S. District Judge Richard Seeborg to deny the US. Securities and Exchange Commission's bid to transfer money BHD had disgorged to a receiver in a suit brought by the SEC alleging EB-5 Visa.
https://www.law360.com/articles/1289431/after-high-court-s-liu-ruling-calif-co-seeks-sec-relief
Mentions
Litigation Cases
States
- California
Videos
Subscribe for News
Site Digest
Join Professionals on EB5Projects.com →
Securities Disclaimer
This website is for informational purposes only and does not constitute an offer or solicitation to sell shares or securities. Any such offer or solicitation will be made only by means of an investment's confidential Offering Memorandum and in accordance with the terms of all applicable securities and other laws. This website does not constitute or form part of, and should not be construed as, any offer for sale or subscription of, or any invitation to offer to buy or subscribe for, any securities, nor should it or any part of it form the basis of, or be relied on in any connection with, any contract or commitment whatsoever. EB5Projects.com LLC and its affiliates expressly disclaim any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from: (i) reliance on any information contained in the website, (ii) any error, omission or inaccuracy in any such information or (iii) any action resulting therefrom.
