Ex-Miami Budget Director Appeals SEC's Fraud Suit

Law360, Miami (January 28, 2014, 3:48 PM EST) -- The city of Miami's former budget director on Monday said he is appealing an order denying his motion to dismiss the U.S. Securities and Exchange Commission's fraud suit alleging he attempted to hide the city's deteriorating financial health by making multimillion-dollar transfers.

Michael Boudreaux's appeal to the Eleventh Circuit Court of Appeals came exactly one month after U.S. District Judge Cecilia M. Altonaga rejected his argument that he is entitled to qualified immunity from the SEC's suit because he was only acting in his official capacity...
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