9th Circ. Restores Fraud Verdicts Against Gateway Execs

Law360, New York (June 23, 2011, 7:33 PM EDT) -- The Ninth Circuit on Thursday found two ex-Gateway Inc. executives liable for fraud for using sketchy accounting practices a decade ago, and revived the U.S. Securities and Exchange Commission's claims against a former CEO for his role in the alleged scheme.

The Ninth Circuit held that a district court erred in granting former Chief Financial Officer John Todd and former Controller Robert Manza judgment as a matter of law, and should not have granted summary judgment to former CEO Jeffrey Weitzen in light of evidence that...
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