RK Co. v. See
Court of Appeals for the Seventh Circuit
1Opinion of the Court
WILLIAMS, Circuit Judge.
Harvard Scientific Corporation (“HSC”) and its founder Jackie R. See claimed to be developing a new product to treat male and female sexual dysfunction. Dr. See touted HSC’s soon-to-be success in creating this product in a series of press releases and securities filings. This attracted an investment by RK Company (“RK”). Unfortunately, HSC’s claims of success were not true, and following a bench trial, the court found Dr. See violated federal and state securities laws, state deceptive practices law, and committed common law fraud. Dr. See appeals the judgment, and…
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