Securities and Exchange Commission v. Competitve Technologies, Inc., et al.

Plaintiff Richard Kwak's Reply Memorandum of Law in Support of Motion for Summary Judgment


This is the reply memorandum of law by a defendant in a securities fraud action filed by the SEC alleging that a group of brokers and company engaged in a scheme to manipulate the price of a stock. The primary issue addressed by this memorandum is whether a broker can be held liable for securities fraud where it is undisputed that he purchased stock on behalf of himself and his clients for a legitimate investment purpose, and the claim is that he timed the purchases in order to maximize their effect on the price of the stock.

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Reference Info:Legal Memoranda: Motions for Summary Judgment/Adjudication | Federal, 2nd Circuit, Connecticut | United States

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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