Legal Opinion

Gebhart v. Securities & Exchange Commission

Court of Appeals for the Ninth Circuit

Decided November 21, 2007No. 06-71021PublishedCited by 1 opinion

1Opinion of the Court

MEMORANDUM *

Alvin Gebhart and Donna Gebhart (“the Gebharts”) bring this petition for review of a Securities and Exchange Commission (“SEC”) order imposing sanctions against them for fraudulently offering securities in violation of Section 10(b) of the Securities and Exchange Act of 1934, SEC Rule 10b-5 and NASD Conduct Rule 2120. See 15 U.S.C. § 78j; 17 C.F.R. § 240.10b-5. We have jurisdiction pursuant to 15 U.S.C. § 78y(a)(l). We reverse in part, affirm in part and remand.

The Gebharts contend that the SEC erred in determining that they acted with scienter. We review the SEC’s factual…

2Cases cited9 opinions

In Re Silicon Graphics Inc. Securities Litigation. Edmund J. Janas v. Edward R. McCracken Michael Ramsay Robert K. Burgess Thomas J. Oswald Teruyasu Sekimoto Forest Baskett Stephen Goggiano William M. Kelly Lucille Shapiro Silicon Graphics, Inc., Deanna Brody Andrea S. Donald Israel Buck Ruth Buck Denise Struthers Thomas G. Di Cicco Ira Steven B. Ewall Rosalyn Golaine Jerry Krim Mary Anne Beke Herman Grossman Samuel J. Reiner Dennis Lucas v. Edward R. McCracken Michael Ramsay Robert K. Burgess Thomas J. Oswald Teruyasu Sekimoto Forest Baskett Stephen Goggiano William M. Kelly Lucille Shapiro Silicon Graphics, Inc.Court of Appeals for the Ninth Circuit · 1999
Fed. Sec. L. Rep. P 95,887 Sundstrand Corporation v. Sun Chemical CorporationCourt of Appeals for the Seventh Circuit · 1977
Kay Hollinger Richard Llewelyn Jones Edward E. Nissen Judy D'Arcy K-Judy, Ltd. v. Titan Capital Corp. Emil Wilkowski Painter Financial Group, Ltd.Court of Appeals for the Ninth Circuit · 1990
Dannenberg v. PaineWebber Inc.Court of Appeals for the Ninth Circuit · 1994
Securities and Exchange Commission v. Paul S. Rubera, Securities and Exchange Commission v. Paul S. RuberaCourt of Appeals for the Ninth Circuit · 2003

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3Cited by1 opinion

Gebhart v. Securities & Exchange CommissionCourt of Appeals for the Ninth Circuit · 2010