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Game over for Ironridge https://www.sec.gov/litigation/admin/2017/34-81443.pdf
I've heard rumors that John Kirkland is now with Discover Growth Fund -- has anyone had any recent dealings with him in the new venture?
Ironridge settles with SEC because they knew they were guilty imo: https://www.sec.gov/alj/aljorders/2017/ap-4596.pdf
Haven't seen factcheck in a while
The SEC will now probably ask Judge May to vacate her ruling just like she did for Hill and Gray. This was only a stall tactic. My guess the ALJ will rule in 4-6 mths
How long do you think this will go no?
11th Circuit becomes fourth federal appellate court to rule district courts cant hear challenges to SEC's in-house c…lnkd.in/eRkcQrA
factcheck14, you see today's news ?
2nd Circuit holds (2-1) Appointment Clause challenge to admin judge precluded during pendency of SEC proceeding. 1.usa.gov/20TfmEb
Where are they in terms of court proceedings against them? It was my understanding they had a ceast and desist order put against them.
They fled the country
Breaking: Supreme Court Rejects Another Challenge To SEC In-House Court
http://www.law360.com/securities/articles/788362
Beats me, thought they were under a C&D to begin with.
It's still the same old crap they're are pulling one way or the other.
Didn't those vultures sell everything to Dragonix? Also they have a new signatory.
Fourth Circuit on Friday refused to halt a Securities and Exchange Commission administrative proceeding
http://www.law360.com/articles/750034/md-adviser-can-t-halt-sec-in-house-trial-pending-appeal
Ironridge still violated securities laws. Ruling by Judge May will soon be irrelevant
Ironridge Global IV, Ltd. et al v. Securities and Exchange Commission
http://www.law360.com/cases/55a66e199b3ee416e6000002
Preliminary injunction will be overturned by the 11th circuit.
Ironridge Global IV Ltd v Securities and Exchange Commission
https://www.scribd.com/doc/291830676/Ironridge-Global-IV-Ltd-v-Securities-and-Exchange-Commission
Public interest supported grant of preliminary injunction barring administrative enforcement proceeding by Securities and Exchange Commission (SEC) ALJ whose appointment allegedly violated Appointments Clause, where public had interest in assuring that citizens were not subject to unconstitutional treatment by government.
7th Circuit Rules for SEC, Affirming Dismissal of Bebo Case on Jurisdictional Grounds
http://securitiesdiary.com/2015/08/24/7th-circuit-rules-for-sec-affirming-dismissal-of-bebo-case-on-jurisdictional-grounds/
SEC Tells 11th Circ. That Freeze On In-House Case Is Unjust
http://www.law360.com/articles/675284/sec-tells-11th-circ-that-freeze-on-in-house-case-is-unjust
SEC Warns 11th Circ. Against Making Split On In-House Court
http://www.law360.com/articles/714147/sec-warns-11th-circ-against-making-split-on-in-house-court
Agree BlueRyan. I want to see all the company interviews to show what Ironridge did to dozens of companies. Kirkland tweeted that good always triumphs over evil. I agree with him but clearly he needs a new dictionary because he mixed up good and evil
Quote:"I’m willing to “bet the farm” that most people would agree that being forced to litigate in an unconstitutional forum is a harm that they should not be forced to endure."
It's a safer forum than a jury of 12 unbiased citizens. Once a jury sees the egregious harm inflicted to shareholders of IronRidge dumped stocks...IronRidge would be paying back all their ill-gotten gains plus penalties.
Seriously, the SEC will only be more determined to put Ironridge away.
Ironridge somehow thinks the SEC won't come up with a solution to fix the ALJ process
Going so excited for a "preliminary" injunction?
Ironridge still violated SEC rules and it will be proven in court
Ironridge still violated SEC and it will be proven in court
Preliminary Injunction Order in Ironridge Global IV, Ltd. v. SEC
https://securitiesdiary.files.wordpress.com/2014/11/preliminary-injunction-order-in-ironridge-global-iv-ltd-v-sec.pdf
Court Enjoins SEC Administrative Proceeding
http://calcorporatelaw.com/2015/11/court-enjoins-sec-administrative-proceeding/
I am pleased to learn that a federal judge understands the basic unfairness of forcing people to endure an unconstitutional hearing. In Ironridge Global IV, Ltd. et al. v. SEC, (U.S. Dist. Ct. Case No. 1:15-CV-2512-LMM (Nov. 17, 2015)), Judge Leigh Martin May ruled that the plaintiffs had “a substantial likelihood of success on the merits of their claim that the SEC has violated the Appointments Clause [U.S. Const. art. II, § 2, cl. 2.]”.
Much could be said about this ruling, but I was most pleased by Judge May’s common-sense understanding:
"If Plaintiffs are required to raise their constitutional law claims following the administrative proceeding, they will be forced to endure what they contend is an unconstitutional process. Plaintiffs could raise their constitutional arguments only after going through the process they contend is unconstitutional—and thus being inflicted with the ultimate harm Plaintiffs allege (that is, being forced to litigate in an unconstitutional forum). By that time, Plaintiffs’ claims would be moot and their remedies foreclosed because the courts of appeals cannot enjoin a proceeding which has already occurred."
I’m willing to “bet the farm” that most people would agree that being forced to litigate in an unconstitutional forum is a harm that they should not be forced to endure.
Federal Judge Halts Another SEC Administrative Proceeding on Constitutionality Concerns
http://www.finalternatives.com/node/32129
A U.S. District Court judge in Georgia has granted another preliminary injunction against the SEC’s use of administrative proceedings.
Judge Leigh Martin May agreed to pause an SEC enforcement action against Ironridge Global Partners LLC on the basis that the agency’s use of an in-house court system that hires its own judges is likely unconstitutional under the Appointments Clause of the U.S. Constitution.
Decisions in other federal jurisdictions have reached similar conclusions, halting or delaying several SEC enforcement cases, including high-profile cases against Patriarch Partners founder Lynne Tilton and former Standard & Poors executive Barbara Duka.
Federal judge issues another injunction against SEC administrative proceedings
http://www.pionline.com/article/20151118/ONLINE/151119856/federal-judge-issues-another-injunction-against-sec-administrative-proceedings
Ironridge Global Partners LLC became the latest investment firm to win a preliminary injunction against a Securities and Exchange Commission administrative proceeding, in a ruling issued by U.S. District Judge Leigh Martin May in Atlanta on Tuesday.
Who's Leading the Charge Against the SEC's In-House Courts?
http://www.americanlawyer.com/id=1202734623585/Whos-Leading-the-Charge-Against-the-SECs-InHouse-Courts
Kilpatrick Townsend, led again by Hudson, brought a similar case in July on behalf of another SEC defendant, microcap investment fund Ironridge Global IV Ltd., who’s accused of acting as a broker-dealer without registering.
The Ironridge case also ended up in front of May in Atlanta
Plaintiffs, Ironridge Global IV, Ltd. and Ironridge Global Partners, LLC, for their complaint against the Securities and Exchange Commission (the “SEC”)
https://securitiesdiary.files.wordpress.com/2014/11/complaint-in-ironridge-global-iv-ltd-v-sec.pdf
Another SEC In-House Case Blocked In Ga.'s Northern District
http://www.law360.com/articles/728317/another-sec-in-house-case-blocked-in-ga-s-northern-district
A Georgia federal judge who has already paused multiple U.S. Securities and Exchange Commission administrative proceedings granted an injunction Tuesday to Ironridge Global Partners LLC, repeating findings that the agency’s in-house court is likely unconstitutional.
U.S. District Judge Leigh Martin May agreed to pause administrative proceedings accusing Ironridge subsidiary Ironridge Global IV Ltd. of operating as an unregistered broker-dealer, finding that the firms were likely to prevail on arguments that the proceedings violate the Appointments Clause of the U.S. Constitution.
It was just moved to Federal court, now we get to see all those company interviews.
Ironridge Global Wins Again
In five years since inception Ironridge Global IV, Ltd. has won every single court case ever brought by it or against it.
Federal Court Rules in Favor of Ironridge Global IV, Ltd. and Ironridge Global Partners, LLC
https://www.scribd.com/doc/290089768/Ironridge-Global-Court-Order-Against-SEC
Ironridge obtains preliminary injunction from U.S. District Court enjoining U.S. Securities and Exchange Commission from continuing Administrative Proceeding on grounds it is Unconstitutional
Ironridge Dealt Setback as ALJ Refuses Summary Disposition on Dealer Claims http://jimhamiltonblog.blogspot.com/2015/11/ironridge-dealt-setback-as-alj-refuses_10.html?m=1
Dec 7th is D-Day for Ironridge
https://www.sec.gov/alj/aljorders/2015/ap-3232.pdf
Ain't that the truth.
Ironridge knew their time was up! Hence Dragonox
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ANOTHER DAY, ANOTHER IRONRIDGE LAWSUIT
July 2014 May 2014 Jan 2014 March2012 Jan2011 | NewLead Holdings (NEWL) Files Claims Against Ironridge; Seeks Damages in Excess of $125M ScripsAmerica Files Suit Against Ironridge Global IV,Ltd IntelliCell BioSciences Announces Favorable Ruling Against Ironridge Global IV, LTD., and TCA Global Credit Masterfund, LP , Ironridge Global IV, Ltd. v. Worthington Energy Unirac, Inc. v. Ironridge, Inc. et. al |
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