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Wyly Brothers Cry Foul Over $300M SEC Judgment

By Cara Salvatore (March 13, 2015, 4:41 PM EDT) -- Former Michael's Stores Inc. part owner Sam Wyly and the estate of his deceased brother have requested a stay and a new trial on the $300 million judgment against them, saying Thursday that the SEC didn't prove that the two had control over investment decisions but merely showed that they had some influence. ...

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