California Court of Appeal

In an administrative action brought by the Commissioner of Corporations against defendant for the offer and sale of unqualified, not-exempt securities, and fraud in the offer and sale of securities, trial court's judgment is affirmed where there is no limitation that the Commissioner may seek restitution only on behalf of those who were in privity with defendant, and as such, the Commissioner may seek restitution on behalf of any person injured by the violation.

Appellate Information

• Decided 12/09/2009
• Published 12/09/2009

Judges

• CROSKEY, Acting P.J.

Court

• California Court of Appeal

Counsel

• For Appellees:
  
• Preston DuFauchard,Alan S. Weinger, Los Angeles, and Uche L. Enenwali, for Plaintiff and Respondent., Edmund G. Brown Jr., Attorney General, J. Matthew Rodriguez, Chief Assistant Attorney General, Mark J. Breckler, Senior Assistant Attorney General and Jon M. Ichinaga, Supervising Deputy Attorney General, for Amicus Curiae for Plaintiff and Respondent., Collins & Bellenghi and Michael J. Collins and Julian B. Bellenghi, Newport Beach, for Defendant and Appellant.