Complete Victory in Trial for CFO Against the SEC

The Securities and Exchange Commission charged the CFO of a software company with securities fraud in connection with the company's financial statements. Issues included revenue recognition and the role of the outside auditors. Obtained a complete victory against the SEC in a federal court trial.   All the other defendants charged in the case had settled with the SEC and entered consent decrees.

Location

U.S. District Court, District of Minnesota

Counsel

Jeffrey L. Sikkema