Unlike the headline-grabbing news release that announced charges against Donald “Jay” Lathen Jr. and Eden Arc Capital Management for a “scheme involving terminally ill” patients, the dismissal of the charges a year later by a U.S. Securities and Exchange Commission administrative law judge occurred with little celebration.
At least from federal prosecutors. To take an SEC complaint to administrative trial is rare enough these days. To win, even rarer. Yet Protass Law PLLC’s Harlan Protass and Clayman & Rosenberg partner Paul Hugel (Protass was previously a partner at the firm) said in a statement that this would be the result of going back to the early stages of the investigation two-and-a-half years ago.
