Month: May 2010

The SEC filed a settled action against TierOne Converged Networks, Inc., a wireless internet service provider, and its two principals, Kevin Weaver and Ronald Celmer. The case arose out of the sale of TierOne’s securities as private placements. A key …

SEC OBTAINS A MONITOR TO SUPERVISE COMPANY OPERATIONS Read More »

The dividing line between primary and secondary liability in securities fraud actions has been a key subject of debate since 1994 when the Supreme Court handed down its decision in Central Bank of Denver, N.A. v. First Interstate Bank of …

THE SECOND CIRCUIT, PRIMARY LIABILITY AND THE BRIGHT LINE TEST Read More »