PE Firms Settle $9M Fraud Case With SEC

Law360, New York (March 7, 2012, 3:07 PM EST) -- A group of private equity funds have settled U.S. Securities and Exchange Commission allegations that they bilked investors out more than $9 million, according to a filing in Missouri federal court Tuesday.

The firms consented to the entry of a permanent injunction enjoining them from future securities violations and agreed to pay disgorgement and civil penalties, according to the filing.

The private equity firms — Acartha Group LLC, MIC VII LLC, Acartha Technology Partners LP and Gryphon Investments LLC — settled the charges without admitting or...
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Case Information

Case Title

Securites and Exchange Commission v.Morriss et al

Case Number



Missouri Eastern

Nature of Suit



Stephen N. Limbaugh, Jr

Date Filed

January 17, 2012

Law Firms

Government Agencies

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