Infomercial Hosts Can't Dodge SEC's Fraud Suit

Law360, New York (November 8, 2011, 5:59 PM EST) -- Television infomercial personalities Linda Woolf and David Gengler lost a bid Tuesday to dodge the U.S. Securities and Exchange Commission's suit in Virginia federal court alleging they made millions using false and misleading statements to sell a get-rich-quick stock trading system.

U.S. District Judge Gerald B. Lee denied the defendants' motion to dismiss the SEC's securities fraud claim but granted their bid to dismiss as to its alter-ego theory, giving the agency leave to file an amended complaint.

Woolf and Gengler had argued that the SEC...
To view the full article, register now.




Case Information

Case Title

Securities and Exchange Commission v. Woolf et al

Case Number



Virginia Eastern

Nature of Suit



Gerald Bruce Lee

Date Filed

March 11, 2008

Law Firms

Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.