Hedge Fund Boss Loses Bid To Review $3.8M Penalty

Law360, New York (March 8, 2011, 2:19 PM EST) -- A money manager lost his bid for reconsideration of a $3.8 million disgorgement order Monday in the U.S. Securities and Exchange Commission's suit over an alleged securities fraud scheme in Minnesota that spawned parallel criminal proceedings.

Judge Ann D. Montgomery denied John W. Lawton's efforts to duck the order in the U.S. District Court for the District of Minnesota, shooting down his argument that his attorneys had failed to properly represent him in the SEC's case targeting him, his investment firm Crossroad Capital Management LLC and...
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Case Information

Case Title

Securities and Exchange Commission v. Lawton et al


Case Number

0:09-cv-00368

Court

Minnesota

Nature of Suit

Securities/Commodities

Judge

Ann D. Montgomery

Date Filed

February 17, 2009

Government Agencies

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