Legal Opinion
Securities & Exchange Commission v. Byers
District Court, S.D. New York
Decided July 23, 2009No. 08 Civ. 7104(DC)PublishedCited by 31 opinions
1Opinion of the Court
OPINION
CHIN, District Judge.
On August 11, 2008, the Securities and Exchange Commission (the “SEC”) filed the instant complaint against Steven Byers, Joseph Shereshevsky, and five Wextrust entities controlled by them (the “Wextrust entities”). The complaint alleges that Byers and Shereshevsky operated a massive Ponzi scheme that defrauded more than 1,000 investors of approximately $255 million.
The same day the complaint was filed, this Court (Sullivan, J., sitting in Part I) appointed Timothy J. Coleman (the “Receiver”) as receiver over the Wextrust entities. The receivership order authorized…
2Cases cited24 opinions
- Griggs v. Provident Consumer Discount Co.Supreme Court of the United States · 1982
- Merrill Lynch, Pierce, Fenner & Smith Inc. v. DabitSupreme Court of the United States · 2006
- Cunningham v. BrownSupreme Court of the United States · 1924
- Sheila v. McGuinness v. Lincoln Hall, of Lincolndale, New York 10540Court of Appeals for the Second Circuit · 2001
- Securities and Exchange Commission v. Walter Wencke, Theodore Delusignan, Movant-Appellant v. R.N. Gould, Receiver-TrusteeCourt of Appeals for the Ninth Circuit · 1986
19 more not listed; retrieve them via the Exa API.
3Cited by31 opinions
- Securities Investor Protection Corp. v. Bernard L. Madoff Investment Securities LLC (In Re Bernard L. Madoff Investment Securities LLC)United States Bankruptcy Court, S.D. New York · 2010
- Securities & Exchange Commission v. Wealth Management LLCCourt of Appeals for the Seventh Circuit · 2010
- In Re Dreier LLPUnited States Bankruptcy Court, S.D. New York · 2010
- Securities & Exchange Commission v. HuberCourt of Appeals for the Seventh Circuit · 2012
- Securities & Exchange Commission v. CallahanDistrict Court, E.D. New York · 2016
26 more not listed; retrieve them via the Exa API.