9th Circ. Partially Reverses Global Express Ruling

Law360, New York (August 11, 2008, 12:00 AM EDT) -- A federal appeals court has partially overturned a favorable verdict for the U.S. Securities and Exchange Commission in a case filed against two executives of Global Express Capital Real Estate Investment Fund, reversing the part of the decision that granted summary judgment against the fund's CEO.

In a ruling handed down on Aug. 7, the U.S. Court of Appeals for the Ninth Circuit partially reversed a decision reached by the U.S. District Court for the District of Nevada that granted the SEC's motion for summary judgment...
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