S.E.C. v. TRUE NORTH FINANCE CORP.

Civil No. 10-3995 (DWF/JJK).

909 F.Supp.2d 1073 (2012)

SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. TRUE NORTH FINANCE CORPORATION, formerly known as CS Financing Corporation; Capital Solutions Monthly Income Fund, LP, formerly known as Hennessey Financial Monthly Income Fund, LP; Capital Solutions Distributors, LLC; Capital Solutions Management, LP; Transactional Finance Fund Management, LLC; Todd A. Duckson; Michael W. Bozora; Timothy R. Redpath; and Owen Mark Williams, Defendants.

United States District Court, D. Minnesota.

November 9, 2012.


Attorney(s) appearing for the Case

Eric M. Phillips, Esq. , Marlene B. Key, Esq. , and Daniel J. Hayes, Esq. , U.S. Securities and Exchange Commission, counsel for Plaintiff.

Philip T. Colton, Esq. , and William A. McNab, Esq. , Winthrop & Weinstine, PA, counsel for Defendant True North Finance Corporation, formerly known as CS Financing Corporation.

Scott R. Carlson, Esq. , DC Law Chartered, counsel for Defendants Capital Solutions Monthly Income Fund, LP, formerly known as Hennessey Financial Monthly Income Fund, LP, and Transactional Finance Fund Management, LLC.

Andrea D. Kiehl, Esq. , and Cynthia A. Bremer, Esq. , Ogletree, Deakins, Nash, Smoak & Stewart, P.C.; Michael Z. Gurland, Esq. , Michael Moshe Zmora, Esq. , and Phillip L. Stern, Esq. , Neal, Gerber & Eisenberg LLP, counsel for Defendants Capital Solutions Distributors, LLC, Capital Solutions Management, LP, Michael W. Bozora, and Timothy R. Redpath.

Lawrence J. Field, Esq. , and Bryant D. Tchida, Esq. , Leonard Street and Deinard, PA, counsel for Defendant Todd A. Duckson.

Andrew M. Luger, Esq. , and Jenny Gassman-Pines, Esq. , Greene Espel PLLP; and Brent R. Baker, Esq. , Parsons Behle & Latimer, counsel for Defendant Owen Mark Williams.


MEMORANDUM OPINION AND ORDER

DONOVAN W. FRANK, District Judge.

INTRODUCTION

This matter is before the Court on a Joint Motion for Summary Judgment brought by Defendants Capital Solutions Monthly Income Fund, LP and Transactional Finance Fund Management, LLC ("TFFM") (Doc. No. 113) and a Motion for Summary Judgment brought by Defendant Todd A. Duckson ("Duckson") (Doc. No. 117). For the reasons set forth below, Defendants' motions are granted in...

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