SEC Seeks Quick Win In Gryphon Fraud Case

Law360, New York (May 17, 2011, 3:58 PM EDT) -- The U.S. Securities and Exchange Commission asked a New York federal court Tuesday for summary judgment in a case against Gryphon Holdings Inc. and two of its executives who admitted to bilking clients out of $17.5 million in a parallel criminal case.

The SEC claims there is nothing left to be determined now that Gryphon owner Kenneth Marsh and purported trader Jeanne M. Lada admitted they hyped their investment advisory company as a Wall Street firm headed by a billionaire guru, when it actually was run...
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Case Information

Case Title

Securities & Exchange Commission v. Gryphon Holdings, Inc. et al


Case Number

1:10-cv-01742

Court

New York Eastern

Nature of Suit

Securities/Commodities

Judge

Jack B. Weinstein

Date Filed

April 20, 2010

Government Agencies

UK Financial Services

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