U.S. Securities and Exchange v. Wyly

  1. June 27, 2017

    Wyly Estate, SEC Spar Over Whether Kokesh Ends Claims

    The U.S. Securities and Exchange Commission and the estate of late business tycoon Charles Wyly Jr. shot off opposing briefs in the Second Circuit last week over whether the agency's claims for disgorgement survive Wyly's death or whether the U.S. Supreme Court's recent Kokesh ruling puts his estate off the hook.

  2. June 06, 2017

    Tycoon's Estate Says High Court Ruling Ends SEC Judgment

    Counsel for the estate of the late Texas business tycoon Charles Wyly Jr. argued in a Monday letter to the Second Circuit that a U.S. Supreme Court decision limiting disgorgement collected by the U.S. Securities and Exchange Commission also affects their case, and may necessitate the vacating of the remaining judgment.

  3. January 20, 2017

    Wyly Urges 2nd Circ. To Hear Arguments In $299M SEC Appeal

    Former Michaels Stores Inc. chair Sam Wyly and his late brother's estate urged a Second Circuit judge Friday to allow oral arguments in their appeal of the U.S. Securities and Exchange Commission's $299.3 million securities fraud victory over the pair, citing "significant legal questions."