Former Cabletron Execs Escape Most Of SEC Suit

Law360, New York (October 1, 2009, 4:47 PM EDT) -- Saying the U.S. Securities and Exchange Commission was "laboring mightily to pound a number of square pegs into round holes of individual liability," a judge has dismissed the bulk of allegations the regulator brought against six former executives of Cabletron Systems Inc. and two of the companies it spawned, Enterasys Networks Inc. and Aprisma Management Technologies Inc.

In a strongly worded 161-page order on Wednesday, Chief Judge Steven J. McAuliffe of the U.S. District Court for the District of New Hampshire kept alive just a handful...
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Case Information

Case Title

US Securities and Exchange Commission v. Patel et al


Case Number

1:07-cv-00039

Court

New Hampshire

Nature of Suit

Securities/Commodities

Judge

Steven J. McAuliffe

Date Filed

February 8, 2007

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