Gryphon Fraudsters Banned From Trading In SEC Suit

Law360, New York (August 24, 2011, 6:35 PM EDT) -- A New York federal judge on Wednesday granted the U.S. Securities and Exchange Commission's partial summary judgment bid against two former Gryphon Holdings Inc. employees who earlier pled guilty to criminal securities fraud charges, banning them from the securities trade.

U.S. District Judge Jack B. Weinstein granted the SEC's motion for partial summary judgment against Jeanne M. Lada and Baldwin Anderson “on the basis of the plea agreements, guilty pleas and allocutions” of the two defendants, the order said.

In asking for summary judgment against Lada...
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