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...
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Case Information

Case Title

Securities and Exchange Commission v. Woolf et al


Case Number

1:08-cv-00235

Court

Virginia Eastern

Nature of Suit

Securities/Commodities

Judge

Gerald Bruce Lee

Date Filed

March 11, 2008

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