SEC Bid To Amend Musicland Suit Denied

Law360, New York (July 31, 2009, 6:14 PM EDT) -- A federal judge has refused to modify the U.S. Securities and Exchange Commission's complaint against Alfred S. Teo Sr. to include allegations of Teo's false filing claims as a shareholder with Cirrus Logic Inc., finding the SEC submitted the petition nearly two years after a court deadline.

Judge Madeline C. Arleo denied the motion Wednesday in the U.S. District Court for the District of New Jersey, ruling that the SEC had known about Teo's involvement with Cirrus well before the July 2007 deadline for filing any...
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