Legal Opinion

Securities & Exchange Comm'n v. Johnson

District Court, District of Columbia

Decided July 14, 2008No. Civil Action 05-36 (GK)PublishedCited by 4 opinions

1Opinion of the Court

MEMORANDUM OPINION

GLADYS KESSLER, District Judge.

Plaintiff Securities and Exchange Commission (“SEC”) filed this action against four individual Defendants (John Tuli, Kent Wakeford, Christopher Benyo, and Michael Kennedy, collectively “Defendants”) on January 10, 2005, alleging a fraudulent scheme to materially and improperly inflate the announced and reported revenues of PurchasePro.com, Inc. (“PurehasePro”). On April 24, 2008, an eleven-member jury found Defendant Christopher Benyo liable on Count Three of this Complaint, for aiding and abetting PurchasePro’s violations of Exchange Act…

2Cases cited17 opinions

  1. Reeves v. Sanderson Plumbing Products, Inc.Supreme Court of the United States · 2000
  2. City of Los Angeles v. HellerSupreme Court of the United States · 1986
  3. Holbrook, Dawnele v. Reno, JanetCourt of Appeals for the D.C. Circuit · 1999
  4. Makor Issues & Rights, Ltd. v. Tellabs Inc.Court of Appeals for the Seventh Circuit · 2008
  5. Securities and Exchange Commission v. Savoy Industries, Inc. Appeal of S. Mort ZimmermanCourt of Appeals for the D.C. Circuit · 1978

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3Cited by4 opinions

  1. Securities & Exchange Commission v. JohnsonDistrict Court, District of Columbia · 2009
  2. Securities & Exchange Commission v. JohnsonCourt of Appeals for the D.C. Circuit · 2011
  3. Securities & Exchange Commission v. GrendysDistrict Court, District of Columbia · 2008
  4. SEC v. Charles Johnson, Jr.Court of Appeals for the D.C. Circuit · 2011

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