Ex-CEO Poulsen Can't Escape $3B Nat'l Century Fraud Suit

Law360, New York (February 8, 2013, 8:25 PM EST) -- A New York federal judge on Friday refused to dismiss investors’ claims against National Century Financial Enterprises Inc. co-founder and former CEO Lance Poulsen over the health care finance company’s nearly $3 billion securities fraud scheme, saying the plaintiffs had standing to bring their claims.

According to U.S. District Judge James L. Graham, Poulsen’s arguments that the plaintiffs’ allegations that he was responsible for the fraud scheme were “unfounded and completely without merit” fell short in number of ways.

Poulsen had already been denied a motion...
To view the full article, register now.




Case Information

Case Title

Crown Cork & Seal Co, et al v. Credit Suisse First, et al

Case Number



New York Southern

Nature of Suit



James L. Graham

Date Filed

July 30, 2012

Law Firms


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.