United States Seventh Circuit
US Sec. & Exch. Comm. v. Lyttle, 07-2466, 07-2467
In a civil fraud case alleging that defendants sold nonexistent bank-issued securities, imposition of monetary penalties against defendants is affirmed where extensive indirect evidence that defendants intentionally made false representations to investors was sufficient, even at the summary judgment stage, to conclude that no contestable issue of fact existed as to defendants' state of mind.
Appellate Information
- Argued 05/16/2008
- Decided 08/07/2008
- Published 08/07/2008
Judges
- POSNER, Circuit Judge., Before BAUER, POSNER, and WOOD, Circuit Judges.
Court
- United States Seventh Circuit
Counsel
- For Appellees:
- Christopher Paik (argued), Securities & Exchange Commission, Washington, DC, for Plaintiff-Appellee., Paul A. Greenberg (argued), Aronberg, Goldgehn, Davis & Garmisa, Chicago, IL, Paul E. Knight, Kodak, TN for Defendants-Appellants.