SEC v. MCAFEE, No. 1:20-cv-08281, Southern District of New York (July 15, 2022)
raw: SEC v. JOHN DAVID MCAFEE and
SEC v. JOHN DAVID MCAFEE and, No. 1:20-cv-08281 (July 15, 2022)
The SEC's claims against John David McAfee for securities fraud violations were dismissed by the court following the notice of his death.
The SEC originally alleged that McAfee violated Sections 17(a) and 17(b) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934. Following the notice of McAfee's death, the court granted the SEC's request to dismiss all claims against him. No specific monetary amounts were detailed in this dismissal order, and litigation against co-defendant James G. Watson, Jr. remains active.
The Securities and Exchange Commission (SEC) filed a lawsuit against John David McAfee and James G. Watson, Jr. for alleged violations of the Securities Act of 1933 and the Securities Exchange Act of 1934, including Rule 10b-5. The charges specifically cited violations of Sections 17(a) and 17(b) of the 1933 Act and Section 10(b) of the 1934 Act. Upon receiving notice of the death of John David McAfee, the SEC requested that the court dismiss the claims against him. The U.S. District Court for the Southern District of New York granted this request, officially dismissing all claims against McAfee. This specific court order does not impact the ongoing litigation against the remaining defendant, James G. Watson, Jr. No financial penalties or specific dollar amounts were addressed in this particular dismissal order.
Extracted insights
- person defendant john david mcafee
- person john david mcafee
- person judge g. koeltl
- agency Securities and Exchange Commission
- Securities And Exchange Commission's Claims For Relief are dismissed defendant John David McAfee
- Securities And Exchange Commission's Claims Against Defendant Watson remain at issue
- John David McAfee was the subject of Notice Of Death
- Document 32-3 was filed July 13 2022
- Document 34 was filed July 14 2022
- Judge G. Koeltl issued Order Dismissing Claims As To Defendant John David McAfee
Jorge G. Tenreiro David H. Tutor Jon A. Daniels Attorneys for Plaintiff SECURITIES AND EXCHANGE COMMISSION New York Regional Office 100 Pearl Street, Suite 20-100 New York, New York 10004 (212) 336-0024 (Tutor) Email: [email protected] UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK SECURITIES AND EXCHANGE COMMISSION, Plaintiff, -against- JOHN DAVID MCAFEE and JAMES G. WATSON, JR., Defendants. 20 Civ. 8281 (JGK) [fROPOSEB] ORDER DISMISSING CLAIMS AS TO DEFENDANT JOHN DAVID MCAFEE The Court has received and reviewed the Notice of the Death of John David McAfee and the Securities and Exchange Commission's ("SEC's") Request to Dismiss the Claims against him on this basis. NOW THEREFORE, for good cause shown, the Court hereby ORDERS that: The SEC' s claims for relief, for alleged violations by McAfee of Sections l 7(a) and l 7(b) of the Securities Act of 1933 [15 U.S.C. § 77q(a)-(b)], and Section l0(b) of the Securities Exchange Act of 1934 [15 U.S.C. § 78j(b)], and Rule 10b-5(a)-(c) thereunder [17 C.F.R. § 240.10b-5(a)-(c )] are DISMISSED as to defendant McAfee. This Order pertains solely to the claims against defendant McAfee, and has no effect on the SEC 's claims against defendant Watson, which remain at issue. IT IS SO ORDERED DATED: July ,j, 2022 2 G.KOELTL STATES DISTRICT JUDGE
Case 1:20-cv-08281-JGK Document 32-3 Filed 07/13/22 Page 1 of 2 Jorge G. Tenreiro David H. Tutor Jon A. Daniels Attorneys for Plaintiff SECURITIES AND EXCHANGE COMMISSION New York Regional Office 100 Pearl Street, Suite 20-100 New York, New York 10004 (212) 336-0024 (Tutor) Email: [email protected] UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK SECURITIES AND EXCHANGE COMMISSION, Plaintiff, -against- JOHN DAVID MCAFEE and JAMES G. WATSON, JR., Defendants. 20 Civ. 8281 (JGK) [fROPOSEB] ORDER DISMISSING CLAIMS AS TO DEFENDANT JOHN DAVID MCAFEE Case 1:20-cv-08281-JGK Document 34 Filed 07/14/22 Page 1 of 2 Case 1:20-cv-08281-JGK Document 32-3 Filed 07/13/22 Page 2 of 2 The Court has received and reviewed the Notice of the Death of John David McAfee and the Securities and Exchange Commission's ("SEC's") Request to Dismiss the Claims against him on this basis. NOW THEREFORE, for good cause shown, the Court hereby ORDERS that: The SEC ' s claims for relief, for alleged violations by McAfee of Sections l 7(a) and l 7(b) of the Securities Act of 1933 [15 U.S.C. § 77q(a)-(b)] , and Section l0(b) of the Securities Exchange Act of 1934 [15 U.S.C. § 78j(b)] , and Rule 10b-5(a)-(c) thereunder [17 C.F.R. § 240.10b-5(a)-(c)] are DISMISSED as to defendant McAfee. This Order pertains solely to the claims against defendant McAfee, and has no effect on the SEC's claims against defendant Watson, which remain at issue. IT IS SO ORDERED DATED: July ,j, 2022 2 G.KOELTL STATES DISTRICT JUDGE Case 1:20-cv-08281-JGK Document 34 Filed 07/14/22 Page 2 of 2