Mining Exec Wants $5M From SEC In Forgery Case

Law360, New York (August 5, 2011, 6:40 PM EDT) -- A mining company executive requested $5 million in damages Wednesday from the U.S. Securities and Exchange Commission, telling a Texas federal court that the agency had maliciously pursued a case against him over an allegedly forged document connected to a public stock sale. 

Defendant John W. Petros filed a motion for summary judgment, claiming the SEC was intentionally cruel and caused damage by continuing the “false and frivolous” suit.

In January 2010, the SEC sued Tsukuda-America Inc. and Petros, the company's sole officer and director, for...
To view the full article, register now.




Case Information

Case Title

Securities and Exchange Commission v. Petros

Case Number



Texas Northern

Nature of Suit



Barbara M.G. Lynn

Date Filed

June 11, 2010

Government Agencies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.