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U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 20729 / September 19, 2008

SEC v. Moises Saba Masri, C.A. No.04-1584 (SDNY) (RJH)

SEC Dismisses Claims Againt Moises Saba Masri

The Securities and Exchange Commission announced that, on August 1, 2008, it voluntarily dismissed its claim against Moises Saba Masri in the U.S. District Court for the Southern District of New York.

This action was commenced on February 25, 2004. The Commission's complaint alleged that Saba, aided by his broker, Albert Sutton, violated Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. Sutton was dismissed from the action on September 28, 2007 during summary judgment proceedings. Because Saba was the only remaining defendant, this dismissal terminated the action.

[See also Litigation Release No. 18593 (February 25, 2004)]

 

http://www.sec.gov/litigation/litreleases/2008/lr20729.htm


Modified: 09/19/2008