E-Smart Execs Can't Shake SEC Fraud Suit Over ID Cards
Law360, New York (March 12, 2014, 6:40 PM ET) -- A Washington, D.C., federal judge on Wednesday refused to dismiss the U.S. Securities and Exchange Commission's suit alleging senior officers of e-Smart Technologies Inc. defrauded investors by lying about having the technology to uniquely identify users for access to bank accounts.
U.S. District Judge James E. Boasberg denied e-Smart CEO Mary Grace's and Chief Technology Officer Tamio Saito's separate motions to dismiss the suit, saying that whether or not the SEC had the facts of the case right, it had adequately pled each element of its...
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Case Information
Case Title
U.S. SECURITIES AND EXCHANGE COMMISSION v. E-SMART TECHNOLOGIES, INC. et al
Case Number
1:11-cv-00895
Court
District Of Columbia
Nature of Suit
Securities/Commodities
Judge
James E. Boasberg
Law360 Coverage
E-Smart Execs Can't Shake SEC Fraud Suit Over ID Cards
ID Co. Exec Sanctioned For Failure To Produce 'Smart Cards'
Date Filed
May 13, 2011
Sections
Securities
Technology
Companies Mentioned
e-Smart Technologies Inc.
Government Agencies Mentioned
Securities and Exchange Commission
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ID Co. Exec Sanctioned For Failure To Produce 'Smart Cards'
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