Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Whats the Securities and Exchange Commissions claim and role in this case?

April 26, 2017Case claim Commission exchange securities

0

Posted

Whats the Securities and Exchange Commissions claim and role in this case?

1 Answer

0

Posted

The Securities and Exchange Commission (“SEC”) has filed a proof of claim for an unliquidated sum as Claim No. 859. It has also filed a U.S. District Court lawsuit, Case No. F96-0023 CIV (HRH). The lawsuit seeks disgorgement, among other things. The prayer for relief asks that any recovery be distributed by the Bankruptcy Court in the Bonham case; see Complaint, page 17-18. Finally, it has filed a complaint to have any judgment it obtains deemed nondischargeable.