SEC Prevails In Case Against U.S. Wireless Ex-CEO

Law360, New York (June 3, 2008, 12:00 AM EDT) -- The U.S. Securities and Exchange Commission won partial summary judgment Friday in its securities fraud and misconduct case against the former CEO of U.S. Wireless Corp. as a federal judge ruled that there is no genuine dispute regarding nearly all the SEC's charges.

Citing a plea agreement in a related suit with the U.S. attorney's office, Judge William Alsup of the U.S. District Court for the Northern District of California granted summary judgment on five of the agency's claims relating to wire transfers Oliver Hilsenrath, the...
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