United States Second Circuit

Grant of summary judgment in favor of plaintiff in a securities law enforcement action is affirmed over claims that the district court erred by 1) refusing to apply 15 U.S.C. section 77d(1) to exempt defendants from the securities registration requirement of 15 U.S.C. section 77e; and 2) imposing a disgorgement remedy that defendants allege is beyond the power of the federal courts.

Appellate Information

• Decided 04/10/2006
• Published 04/10/2006

Judges

• JOSÉ A. CABRANES, Circuit Judge., Before:  CARDAMONE, CABRANES, and POOLER, Circuit Judges.

Court

• United States Second Circuit

Counsel

• For Appellant:
  
• Thomas R. Brooksbank, Phoenix, AZ, pro se.


• For Appellees:
  
• Paul A. Batista, New York, NY, for Defendants-Appellants Thomas Cavanagh, Frank Nicolois, U.S. Milestone Corp., Beverly Nicolois, Karen Cavanagh, and Cromlix, LLC., Gregory J. Sherwin, Fields, Fehn & Sherwin, Los Angeles, CA, for Defendant-Appellant Thomas A. Hantges., Melinda Hardy, Assistant General Counsel (Giovanni P. Prezioso, General Counsel, Richard M. Hurnes, Associate General Counsel, Philip J. Holmes and Wm. Smith Greig, Senior Counsel, on the brief), United States Securities and Exchange Commission, Washington, DC, for Plaintiff-Appellee.