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...
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Case Information

Case Title

Securities and Exchange Commission v. Coadum Advisors, Inc. et al

Case Number



Georgia Northern

Nature of Suit



Orinda D. Evans

Date Filed

January 3, 2008

Government Agencies

UK Financial Services

UK Financial Services

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