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SECURITIES AND EXCHANGE COMMISSION v. JOHNSON et al
Case Number:
1:05-cv-00036
Court:
Nature of Suit:
Judge:
Firms
- Berliner Corcoran
- Buckley LLP
- Clayman Rosenberg
- Dechert LLP
- Ice Miller
- Lankford & Reed
- Levi & Korsinsky
- Schertler Onorato
- Shulman Rogers
- Steptoe LLP
- Williams & Connolly
- Wilson Sonsini
Companies
Government Agencies
Sectors & Industries:
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September 16, 2009
Ex-PurchasePro CEO Slapped With $3M Fine
The founder of defunct PurchasePro.com Inc. has been ordered to pay $3 million in a long-running U.S. Securities and Exchange Commission case that alleged he conspired with other executives to fraudulently inflate the revenues of the Internet software company.
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January 28, 2009
Judge Rejects High Fine For Ex-PurchasePro Exec
A federal judge has ordered a former executive of defunct Internet software company PurchasePro.com Inc. to pay $35,000 for his role in an alleged corporate fraud, calling a bid by federal regulators for the maximum fine “poor prosecutorial judgment” and “just plain foolish.”
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November 11, 2008
SEC Drops Case Against Former AOL Bigwig
The U.S. Securities and Exchange Commission has dropped its case against former America Online Inc. executive John Tuli alleging that he conspired with other executives to inflate the revenues of PurchasePro.com Inc.
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July 16, 2008
Ex-PurchasePro Exec's Appeal Dismissed
A federal judge has upheld a jury's verdict holding the former senior vice president for marketing and network development at PurchasePro.com Inc. liable for aiding and abetting the now-defunct Internet software company's violations of securities laws.
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January 18, 2008
Judge Refuses To Dismiss AOL, PurchasePro Cases
A judge has rebuffed attempts by four former executives to dismiss suits brought against them by the U.S. Securities and Exchange Commission alleging they schemed to inflate the revenues of PurchasePro.com Inc.