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S.E.C. v. CONAWAY

Case No.: 2:05-CV-40263.

698 F.Supp.2d 771 (2010)

SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. Charles C. CONAWAY, John T. McDonald, Jr., Defendants.

United States District Court, E.D. Michigan, Southern Division.

January 20, 2010.

Attorney(s) appearing for the Case

Alan M. Lieberman, Richard B. Skaff, Robert I. Dodge, U.S. Securities and Exchange Commission, Washington, DC, for Plaintiff.

Hille R. Sheppard, Scott R. Lassar, Sidley, Austin, Chicago, IL, Todd R. Mendel, Barris, Sott, Detroit, MI, John F. Sylvia, McKenzie E. Webster, Jessica C. Sergi, Mintz, Levin, Boston, MA, Steven C. Susser, Young & Susser, Southfield, MI, for Defendants.

MEMORANDUM OPINION ON DEFENDANT'S MOTION UNDER RULES 50(b) AND 59 FOR JUDGMENT AS A MATTER OF LAW OR, IN THE ALTERNATIVE, FOR A NEW TRIAL.

STEVEN D. PEPE, United States Magistrate Judge.

"The whole financial system is based on trust and belief that what people say is their word. So, without that, the system decays."—Witness Eric Beder, equity analyst, (December 17, 2007, at TrDep00299.)

"If they ask a question, yes...

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