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US District Judge Eric Komitee rejected a request by Ozy Media and its founder Carlos Watson to step aside from their case and throw out their securities fraud convictions. A lawyer for Watson said he would take the issue to the 2nd Circuit https://t.co/WN3v8VvVey https://t.co/jpn2YPUyXJ
US judge rejects Ozy Media founder's recusal request over hedge fund investments @nateraymond https://t.co/WN3v8VvVey https://t.co/OOxQuPWtHx
A Florida federal judge has granted a $196 million judgment against a group of fraudsters to the SEC after fixing what he called a "scrivener's error" in the original order that caused the Eleventh Circuit to overturn a part of the award in September. https://t.co/av7EOjGbtW
A U.S. District Judge Eric Komitee has denied a request from Ozy Media and its founder Carlos Watson to recuse himself from their securities fraud case. The judge characterized the allegations of financial conflict as 'frivolous.' Watson's legal team indicated plans to appeal the decision to the 2nd Circuit. Separately, a federal judge also rejected Pfizer's attempt to reclaim approximately $75.2 million related to an SEC settlement with SAC Capital, a hedge fund owned by billionaire Steven A. Cohen, stemming from an insider trading case. This ruling comes amid ongoing scrutiny of financial practices within the industry.
