Securities & Exchange Commission v. Megalli

ORDER

Amy Totenberg, United States District Judge

This matter is before the Court on the Plaintiffs Motion for Summary Judgment [Doc. 29], and Defendant’s Motion for Judgment on the Pleadings or, in the Alternative, for Summary Judgment [Doc. 27], Plaintiff Securities and Exchange Commission (“SEC”) brought this civil enforcement action against Defendant Mark Megalli, alleging that Megalli violated Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934, and Rule 10b-5 by trading Carter’s, Inc. (“Carter’s”) stock while in the possession of material…