USSEC, et al v. Chicago Title Company, et al
Case Number:
22-56206
Court:
Nature of Suit:
1850 Securities, Commodities, Exchange
Companies
Sectors & Industries:
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February 20, 2025
9th Circ. OKs Bar On Ponzi Scam Suits Against Chicago Title
The Ninth Circuit on Thursday upheld a ruling barring further litigation against Chicago Title and law firm Nossaman LLP over claims they aided convicted businesswoman Gina Champion-Cain's nearly $400 million liquor-licensing loan Ponzi scheme, finding the litigation bar is necessary to protect the ongoing U.S. Securities & Exchange Commission-appointed receivership.
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October 20, 2023
Ponzi Insider Can't Undo Settlement Bar Order, Title Co. Says
An insider in a $350 million Ponzi scheme cannot disrupt a U.S. Securities and Exchange Commission receivership settlement's bar order protecting Chicago Title Co. from future related lawsuits, the company told the Ninth Circuit, saying the bar order doesn't violate the Anti-Injunction Act.