Novel Theory In Wyly Case Could Change SEC Disgorgement

Law360, New York ( October 20, 2014, 10:24 AM EDT) -- In a case against Dallas billionaire Sam Wyly and the estate of his late brother, Charles, Judge Shira Scheindlin of the U.S. District Court for the Southern District of New York agreed with the U.S. Securities and Exchange Commission that the defendants were liable for unpaid taxes as additional disgorgement on a theory never before argued in this country....

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