SEC Calls Bid To Ditch NFL Player Fraud Suit An 'Utter Failure'

Law360 (September 16, 2020, 10:26 PM EDT) -- The U.S. Securities and Exchange Commission slammed an attempt by a hedge fund linked to disgraced Tallahassee, Florida, lawyer Tim Howard to get out of its enforcement action over an alleged scheme to defraud former NFL players, saying the fund's argument is not backed up by evidence or the law.

In its response filed Tuesday, the SEC argued that the summary judgment motion from Cambridge Capital Group Advisors LLC must be denied because of the fund's "utter failure to present evidence proving that which it claims."

In its Aug. 31 motion, Nevada-based CCGA urged a Florida federal court to issue a...

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