Securities & Exchange Commission v. Enterprises Solutions, Inc.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that statements regarding sources of company’s revenue were materially misleading when company had no revenue
• holding that corporate officer acted with scienter by knowingly and intentionally concealing a consultant’s management role and equity interest in company where consultant had history of criminal and regulatory violations
• finding that alleged officer was “running the company,” and that company had been created as “a corporate shell with no employees, no facilities and no chief executive”
• finding third-tier penalties to be appropriate where defendant with a history of criminal and regulatory violations failed to disclose his significant participation in the company
• accepting the concession that a personal bankruptcy matter was material and should have been disclosed
• finding third-tier penalties to be appropriate where defendant with a history of criminal and regulatory violations failed to disclose his significant participation in the company

Source: CourtListener parenthetical corpus (CC0).