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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Case Information

Case Title

Securities and Exchange Commission v. Radical Bunny, LLC et al


Case Number

2:09-cv-01560

Court

Arizona

Nature of Suit

Other Statutes: Securities/Commodities

Judge

Susan R Bolton

Date Filed

July 28, 2009

Government Agencies

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