A sports memorabilia firm and its founder accused of using confidentiality agreements to block whistleblower reports are liable to the SEC after a federal judge in New York granted summary judgment on the claim.
Collector’s Coffee Inc. and founder Mykalai Kontilai allegedly tried to keep unhappy investors from reaching out to law enforcement. Their conduct violated a Securities and Exchange Commission rule against acting to impede individuals from going to the agency with concerns about potential securities violations, the U.S. District Court for the Southern District of New York said.
A federal magistrate judge in May recommended that the ...
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