United States Ninth Circuit

A defendant may commit securities fraud "willfully" by intentionally acting with reckless disregard for the truth of material misleading statements, regardless of whether the defendant knew at the time of the acts that the conduct violated the law.

Appellate Information

• Argued 06/09/2004
• Decided 08/20/2004
• Published 08/20/2004

Judges

• Before D.W. NELSON, JOHN R. GIBSON, and GRABER, Circuit Judges.

Court

• United States Ninth Circuit

Counsel

• For Appellees:
  
• Barry Tarlow and Tarik S. Adlai, Tarlow & Berk, Los Angeles, CA, for the defendant-appellant., Steven J. Olson, Assistant United States Attorney, Major Frauds Section, Los Angeles, CA, for the plaintiff-appellee.