Securities & Exchange Commission v. Espuelas

*405 OPINION & ORDER

PAUL A. ENGELMAYER, District Judge:

In this lawsuit, the Securities Exchange Commission (“SEC”) has sued various former executives of StarMedia Network, Inc. (“StarMedia” or the “Company”) for accounting fraud. Pending here is defendant Peter Morales’s motion for summary judgment as to the remaining claims against him: for aiding and abetting StarMedia’s violations of Sections 13(a) and 13(b)(2)(A) of the Exchange Act and Exchange Act Rules 12b-20, 13a-l, and 13a-13; directly violating Exchange Act Rule 13b2-l; and directly violating Exchange Act Rule 13b2-2. For the reasons…