It was a contrived, trumped up case from the beginning.
Oh yeah, it was so bad that it was used as an example in a book on financial fraud..... The fact is that it was blatant fraud and that is why the SEC nailed the scammer for securities and accounting fraud. There are other examples that could yield further SEC litigation at any time..... The failure to disclose the shutdown of the company for 6 months and the PR and filings that say completely different things as to the processors being fixed are both actions anyone could sue these sleazy con men for.