UNITED STATES SECURITIES AND EXCHANGE COMMISSION v. LINDBERG et al

  1. August 28, 2024

    SEC To Embattled NC Insurance Exec: Show Us The Money

    The U.S. Securities and Exchange Commission is seeking to force a convicted insurance mogul at the center of an alleged $57 million fraud to tell it what happened to the money he's accused of stealing from the insurance companies he ran, arguing in a North Carolina federal court that his answers thus far don't add up and that he shouldn't be allowed to rely on them at his upcoming trial.

  2. May 24, 2024

    Foley & Lardner Given All-Clear To Exit SEC Suit

    A North Carolina federal judge permitted Foley & Lardner LLP on Friday to exit as counsel for a Malta-based registered investment adviser that is defending claims in a $75 million lawsuit brought by the U.S. Securities and Exchange Commission, despite the judge's previous concerns about the firm's withdrawal.

  3. April 05, 2024

    Judge Wary Of Foley & Lardner Exit Bid From SEC Suit

    A request by Foley & Lardner LLP attorneys to stop representing a Malta-based registered investment adviser in a $75 million suit by the U.S. Securities and Exchange Commission is hanging in the balance after a North Carolina federal judge expressed concerns about their exit holding up the case.

  4. June 13, 2023

    Ex-NC Insurance Exec Agrees To Settle SEC's $75M Fraud Suit

    The U.S. Securities and Exchange Commission has asked a North Carolina federal judge to approve a settlement with former insurance executive Christopher Herwig, who the SEC claims defrauded clients out of $75 million alongside disgraced mogul Gregory Lindberg.

  5. January 06, 2023

    Investment Adviser Can't Dodge SEC's $75M Fraud Claims

    A Malta-based registered investment adviser was unable to get a $75 million suit by the U.S. Securities and Exchange Commission tossed, with a North Carolina federal judge ruling on Friday that the regulator's complaint "provides substantial detail" about the fraud alleged against the investment adviser and two of its North Carolina-based executives.

  6. November 01, 2022

    NC Insurance Exec Blasts $75M SEC Suit As A 'Shotgun' Case

    Two North Carolina-based insurance executives have asked a federal judge to toss a U.S. Securities and Exchange Commission suit against them alleging they defrauded clients out of more than $75 million through undisclosed transactions, with one calling it a "shotgun" case.

  7. August 30, 2022

    SEC Says NC Insurance Execs Stole $75M From Clients

    The U.S. Securities and Exchange Commission filed suit Tuesday against two North Carolina-based insurance executives and their Malta-based registered investment adviser for allegedly defrauding clients out of more than $75 million through undisclosed transactions that only benefited themselves.