SEC, Coadum Advisers Fraud Suit Settlement OK'd

Law360, New York (June 29, 2010, 3:15 PM EDT) -- A federal judge has signed off on the U.S. Securities and Exchange Commission's move to end its suit against Coadum Advisors Inc. and several other entities who were accused of a securities fraud scheme that bilked investors out of $30 million.

Judge Orinda D. Evans on Friday granted the SEC's motion to limit the judgment against Coadum, Mansell Acquisition Co. and several related funds to a permanent injunction against further securities fraud, according to the order issued Friday in the U.S. District Court for the Northern...
To view the full article, register now.