Archive - February 2, 2016

SEC v. CKB168 Holdings Inc. (E.D.N.Y., 2016)

SEC v. CKB168 Holdings Inc. (E.D.N.Y., 2016)

Key Insight: are the defendants acting in bad faith by not confirming that evidence doesn’t exist or was it not preserved, in that case is it sanctionable

Nature of Case: violation of Securities act, violation of the exchange act and rule 10b-5, unregistered securities offerings

Electronic Data Involved: “back office data” information as to whether defendants explored public offering

Keywords: bad faith, sanctions, spoliation, public offering

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