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

SEC Seeks No Penalty From IT Firm Over Execs' Alleged Fraud

Law360, New York (September 21, 2017, 7:05 PM EDT) -- A bankrupt information technology company whose former top executives face criminal fraud charges for allegedly plundering their company’s accounts and trying to hide it won’t have to pay a cent under a settlement filed by the U.S. Securities and Exchange Commission in Illinois federal court on Wednesday.

Quadrant 4 System Corp., whose executives Nandu Thondavadi and Dhru Desai were charged with wire fraud last year, had already agreed not to violate federal securities laws, but a partial settlement in July had left the door open for...
To view the full article, register now.




Case Information

Case Title

United States Securities and Exchange Commission v. Quadrant 4 System Corporation et al

Case Number



Illinois Northern

Nature of Suit



Honorable Sara L. Ellis

Date Filed

June 29, 2017

Law Firms

Government Agencies

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.