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Securities And Exchange Commission v. Prakash
Case Number:
5:23-cv-03300
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February 26, 2024
Ex-Glass Co. CFO Can't Beat SEC's Accounting Fraud Suit
A California federal judge said Monday that a former officer of a "smart" glassmaker will have to face the U.S. Securities and Exchange Commission's allegations that he defrauded investors by failing to tell them about certain liabilities the company faced before it merged with a blank-check company.
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October 11, 2023
SEC Says Ex-Glass Co. CFO Must Face SPAC Deal Suit
The U.S. Securities and Exchange Commission has urged a California federal judge not to toss its suit against a former executive at a "smart" glass-maker who allegedly failed to tell investors about certain liabilities the company faced before its merger with a blank-check company, saying the executive's dismissal bid is "premature and legally unsupported."
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September 06, 2023
Ex-Glass Co. CFO Looks To Shatter SEC Suit Over SPAC Deal
A former executive at a "smart" glass-maker has urged a judge to toss the U.S. Securities and Exchange Commission's suit alleging he failed to tell investors about certain liabilities the company faced before it merged with a blank-check company, arguing none of the agency's claims impose strict liability on executives for accounting errors.