United States Third Circuit

SEC v. Teo, 12-1168

Judgment finding defendants were liable for violating the Securities Exchange Act of 1934, and ordering defendants to disgorge over $17 million, plus prejudgment interest amounting to over $14 million is affirmed, where: 1) the district court did not abuse its discretion by admitting defendant Teo's guilty plea allocution; 2) there was sufficient evidence to prove a "plans and proposals" theory of liability; and 3) the district court did not abuse its discretion in ordering disgorgement, including prejudgment interest.

Appellate Information

• Decided 02/10/2014
• Published 02/10/2014

Judges

• NYGAARD

Court

• United States Third Circuit

Counsel

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