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Securities and Exchange Commission v. NDB, Inc. et al
Case Number:
3:23-cv-04724
Court:
Nature of Suit:
Judge:
Firms
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June 09, 2025
Battery Startup, CEO To Pay $300K Over SEC Fraud Claims
Battery developer NDB Inc. and its CEO have agreed to pay $300,000 in civil penalties to settle allegations by the U.S. Securities and Exchange Commission that they raised $1.2 million from about 70 investors on misleading claims about a "nano diamond battery" NDB aimed to make.
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September 06, 2024
SEC Fraud Suit Against Battery Co. Survives Dismissal Bid
A California federal judge has rejected battery developer NDB Inc.'s motion to dismiss a U.S. Securities and Exchange Commission suit alleging the company and its CEO misled investors about the prospects of so-called nano-diamond battery technology, saying the SEC sufficiently pled that the defendants were the "maker" of statements that were materially misleading to investors.
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January 22, 2024
SEC Wants Fraud Suit Against Battery Developer Kept Alive
The U.S. Securities and Exchange Commission has urged a California federal judge to keep alive its securities fraud suit against battery developer NBD Inc., saying its complaint sufficiently pleads that the company and its CEO were the "maker" of certain misleading statements and that those statements were material.
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December 12, 2023
Battery Developer Says 'Vague' Statements Aren't Fraud
Battery developer NDB Inc. has asked a San Francisco federal judge to toss a securities fraud action brought by the U.S. Securities and Exchange Commission, arguing that it "clearly and unambiguously communicated" that it didn't have a working prototype among its prospective product offerings as it raised investor funds of about $1.2 million.
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September 15, 2023
SEC Says Diamond-Nuclear Battery Investment Was A Fraud
The U.S. Securities and Exchange Commission has sued a purported nuclear-based battery maker and its CEO, alleging they raised $1.2 million after misrepresenting that they'd successfully tested their battery technology and signed two so-called beta customers.