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Securities and Exchange Commission v. Lemelson et al

  1. February 08, 2024

    SEC Fights Hedge Fund Priest's Fee Bid After Mixed Verdict

    The U.S. Securities and Exchange Commission has urged a Massachusetts federal judge not to grant more than $1.7 million in attorney fees to a Greek Orthodox priest and hedge fund manager who fended off some of the agency's claims at trial, saying there is no justification for giving "adjudicated fraudsters money for their legal fees."

  2. January 10, 2024

    Hedge Fund Priest Seeks Atty Fees After Mixed SEC Verdict

    A Greek Orthodox priest and hedge fund manager who fended off certain claims by the U.S. Securities and Exchange Commission at trial asked a Massachusetts federal judge to grant him more than $1.7 million in attorney fees and costs, arguing he is entitled since he largely prevailed in the case.

  3. August 05, 2022

    Priest's Prayer For New Stock Fraud Trial Goes Unanswered

    A federal judge ruled Thursday that a Greek Orthodox priest's first trial was fair, quashing his attempt to score a new trial after being found liable for making untrue, material statements about pharmaceutical companies despite being cleared of running a short-and-distort scheme.

  4. May 11, 2022

    SEC Slams Priest For 'Galling' New Fraud Trial Bid

    A Greek Orthodox priest's request for a new trial on claims he ran a short-and-distort scheme shows "galling" contempt for the jury's verdict and court's judgment, the U.S Securities and Exchange Commission said Wednesday.

  5. April 28, 2022

    Hedge Fund Priest Seeks New Trial After 'Trivial' SEC Win

    A Greek Orthodox priest found liable for making false statements about a pharmaceutical company has asked for a new trial, arguing that the mixed verdict merely gave the U.S. Securities and Exchange Commission a win on "trivial" claims while subjecting him to a possible industry ban.

  6. April 15, 2022

    Priest Facing Possible SEC Ban Wants Appeal Heard First

    A Greek Orthodox priest on Friday asked to delay an injunction in a U.S. Securities and Exchange Commission suit while he argues to the First Circuit that his critical statements about two life sciences companies didn't affect their stock prices.

  7. March 31, 2022

    Unrepentant Priest Faces 5-Year Injunction In SEC Fraud Case

    A Greek Orthodox priest and hedge fund manager could face a permanent industry ban after a federal judge enjoined him from violating securities laws for five years, noting that he "continues to unabashedly defend his actions."

  8. February 15, 2022

    Defiant Priest May Face Ban After Verdict In SEC Fraud Case

    A federal judge on Tuesday suggested an "unabashed" Greek Orthodox priest and hedge fund manager may face a securities industry ban following a mixed verdict on fraud claims but pushed back on the U.S. Securities and Exchange Commission's bid for a seven-figure financial penalty.

  9. January 21, 2022

    Hedge Fund Priest Fights SEC Ban After Mixed Fraud Verdict

    A Greek Orthodox priest and hedge fund manager told a Boston federal judge he shouldn't get a "career death penalty" barring him from the securities industry in the wake of a jury's mixed verdict on the U.S. Securities and Exchange Commission's fraud claims.

  10. December 06, 2021

    Hedge Fund Priest Seeks Total Victory Over SEC Stock Suit

    A Greek Orthodox priest and hedge fund founder who defeated fraud scheme claims in the U.S. Securities and Exchange Commission's short-and-distort case moved Friday to toss a handful of claims for which a jury found him liable, arguing that his statements about two pharmaceutical companies didn't affect their stock prices.

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