Legal Opinion
United States Securities & Exchange Commission v. Lyttle
Court of Appeals for the Seventh Circuit
Decided August 7, 2008No. 07-2466, 07-2467PublishedCited by 29 opinions
1Opinion of the Court
POSNER, Circuit Judge.
Melvin R. Lyttle and Paul E. Knight were charged (along with others, not before us) in a civil case brought by the SEC with perpetrating a “prime bank” fraud. This is a common fraud in which the perpetrators solicit investments by telling prospective investors that the investors’ money will be invested in high-yield bank-issued securities not available or even known to the general public. (For further description, see SEC, “Investor Alert: How Prime Bank Frauds Work,” Sept. 15, 2000, www.sec.gov/divisions/enforce/ primebank/howtheywork.shtml (visited July 21, 2008); SEC,…
2Cases cited15 opinions
- Tellabs, Inc. v. Makor Issues & Rights, Ltd.Supreme Court of the United States · 2007
- Ernst & Ernst v. HochfelderSupreme Court of the United States · 1976
- Aaron v. Securities & Exchange CommissionSupreme Court of the United States · 1980
- Fed. Sec. L. Rep. P 95,887 Sundstrand Corporation v. Sun Chemical CorporationCourt of Appeals for the Seventh Circuit · 1977
- Makor Issues & Rights, Ltd. v. Tellabs Inc.Court of Appeals for the Seventh Circuit · 2008
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3Cited by29 opinions
- Securities and Exchange Commission v. Joseph J. MonterossoCourt of Appeals for the Eleventh Circuit · 2014
- Gebhart v. Securities & Exchange CommissionCourt of Appeals for the Ninth Circuit · 2010
- Securities & Exchange Commission v. BauerCourt of Appeals for the Seventh Circuit · 2013
- Stoughton Lumber Co. v. SveumCourt of Appeals for the Seventh Circuit · 2015
- In re National Century Financial Enterprises, Inc., Investment LitigationDistrict Court, S.D. Ohio · 2012
24 more not listed; retrieve them via the Exa API.