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S.E.C. v. MASRI

No. 04 Civ. 1584(RJH).

523 F.Supp.2d 361 (2007)

SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. Moises Saba MASRI and Albert Meyer Sutton, Defendants.

United States District Court, S.D. New York.

November 20, 2007.

Attorney(s) appearing for the Case

Alan M. Lieberman, Nina B. Finston, Paul R. Berger, Ryan Farney, U.S. Securities and Exchange Commission, Washington, DC, for Plaintiff.

Roger Ryan Crane, Jr., Nixon Peabody LLP, New York City, for Defendants.

MEMORANDUM OPINION AND ORDER

RICHARD J. HOLWELL, District Judge.

The Securities and Exchange Commission ("SEC") brings this action against Moises Saba Masri ("Saba") and Albert Meyer Sutton ("Sutton") for violating Section 10(b) of the Securities Exchange Act and Rule 10b-5 thereunder. The SEC alleges that Saba and Sutton manipulated the closing price of a security, T.V. Azteca S.A. de C.V. American...

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