Radical Bunny Managers Want SEC Fraud Case Nixed

Law360, New York (January 12, 2011, 2:36 PM EST) -- Four managing members of bankrupt Radical Bunny LLC accused of fraudulently funneling more than $189 million to now-bankrupt Mortgages Ltd. have asked a judge to throw out the U.S. government's case, saying the notes they issued were not securities.

Defendants Tom Hirsch, Berta Walder, Howard Walder and Harish P. Shah filed their motion for summary judgment, which was coupled with a response to the U.S. Securities Exchange's own motion for summary judgment, on Monday in the U.S. District Court for the District of Arizona.

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