Securities & Exchange Commission v. Saltzman

MEMORANDUM and ORDER

ANITA B. BRODY, District Judge.

Defendant James B. Saltzman moves to dismiss for failure to state a claim pursuant to Federal Rules of Procedure 12(b)(6) and 9(b). Saltzman alternatively moves for a more definite statement. Having considered the defendant’s motion, the response of the plaintiff, Securities and Exchange Commission (“SEC”), and the written and oral arguments of the parties in support of their positions, I conclude that the Defendant’s Motion to Dismiss or for a More Definite Statement should be denied.

The Securities and Exchange Commission (“SEC”) pleads two…