I have heard the case is getting tossed for a year - why wouldn't it have been tossed when it was first filed?
The SEC has never filed a complaint against Calasse for securities fraud - the SEC made Sharp return the Calasse stock - when Sharp attempted to steal the Calasse stock.
Sharp lied in District Court about Calasse not existing. Plus, Sharp didn't provide proper service to Calasse.
When Calasse filed a Form 4 about receiving the stock the SEC didn't find any fraud involved.