U.S. Securities and Exchange Commission building in Washington, D.C. January 5, 2019. SEC Accuses Broker-Dealer of Illegally Profiting Off of Lockheed Martin Partial Tender Offer
Read the complaint, first surfaced by Law.com Radar, a source for high-speed legal news and litigation updates personalized to your practice.
July 29, 2021 at 02:42 PM
1 minute read
Securities Litigation
The U.S. Securities and Exchange Commission sued Lupo Securities on Thursday in Illinois Northern District Court for allegedly profiting off of a Lockheed Martin partial tender offer. The complaint accuses Lupo of tendering 1 million Lockheed shares on its own behalf, an amount in excess of 925,000 shares of Lupo's net long position in Lockheed. Attorneys have not yet appeared for the defendant. The case is 1:21-cv-04027, U.S Securities and Exchange Commission v. Lupo Securities LLC.
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