Ex-PurchasePro Exec's Appeal Dismissed

Law360, New York (July 16, 2008, 12:00 AM EDT) -- A federal judge has upheld a jury's verdict holding the former senior vice president for marketing and network development at PurchasePro.com Inc. liable for aiding and abetting the now-defunct Internet software company's violations of securities laws.

Judge Gladys Kessler of U.S. District Court for the District of Columbia denied Christopher Benyo's motion for judgment as a matter of law or in the alternative for a new trial. She said Monday that the U.S. Securities and Exchange Commission had sufficiently proved its case for a jury to...
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