On December 6, 2018, the U.S. District Court for the District of Connecticut entered an order dismissing, with prejudice, the U.S. Securities and Exchange Commission's complaint against Jesse Litvak. The court's order was based on the SEC's motion to dismiss its claims against Litvak.

Litvak was also criminally charged by the U.S. Attorney for the District of Connecticut based on the same facts underlying the SEC's action.  Litvak was twice convicted, in jury trials in March 2014 and January 2017, but those convictions were both overturned by the U.S. Court of Appeals for the Second Circuit, most recently in May 2018.  In July 2018 the U.S. Attorney moved to dismiss its criminal case against Litvak and the court granted the motion to dismiss on August 1, 2018.

For further information, see Litigation Release No. 22602 (January 29, 2013).