Alleged Hackers To Face Stock Fraud Charges

Law360, New York (March 19, 2008, 12:00 AM EDT) -- A judge has refused to dismiss a lawsuit brought by the U.S. Securities and Exchange Commission alleging that three defendants hacked into the brokerage accounts of others and used them to manipulate the prices of 14 stocks.

Judge Laurie Camp of the U.S. District Court for the District of Nebraska denied Thirugnanam Ramanathan's bid to toss the suit, ruling Monday that her court has jurisdiction.

The SEC filed suit March 12 against Jaisankar Marimuthu, Chockalingam Ramanathan and Thirugnanam Ramanathan, alleging that between July and November 2006...
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