SEC Suit Against Radius Capital, CEO Dismissed in Part as Untimely

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On July 15, U.S. District Judge John Steele of the Middle District of Florida granted in part a motion to dismiss the SEC’s claims against now-defunct Radius Capital and its former CEO, Robert DiGiorgio. The SEC alleges misrepresentations in connection with $23 million in mortgage-backed securities issued in 2005 and 2006. Judge Steel held that the SEC’s civil claims relating to securities issued before March 2006 were untimely when brought by the SEC in March of 2011. Decision.

Topics:  CEOs, Dismissals, Fraud, Misrepresentation, SEC, Standing

Published In: Business Torts Updates, Civil Procedure Updates, Finance & Banking Updates, Residential Real Estate Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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