NCLA Calls on 11th Cir. to Vacate District Court’s Judgment in Case SEC Never Should Have Brought
However, the district court erred, because Appellants did not make any material misrepresentations or materially misleading omissions in connection with the sale of securities.
- However, the district court erred, because Appellants did not make any material misrepresentations or materially misleading omissions in connection with the sale of securities.
- The district court also erred, as a matter of law, when it permitted time-barred conduct to go before the jury.
- NCLA released the following statements:
“On the eve of the statute of limitation period running, SEC filed a vastly over-pled complaint. - Liability based on statements published by SEC should be limited to the SEC, which put up the information in the first place.”