We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Alleged Hackers To Face Stock Fraud Charges

Law360 (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...
To view the full article, register now.
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.