WASHINGTON (AP) — The Supreme Court is rejecting arguments made by Justice Brett Kavanaugh when he become an appeals courtroom think in a case bright securities fraud.
The courtroom’s 6-2 ruling Wednesday affirms an appeals courtroom dedication against investment banker Francis Lorenzo over unsuitable and deceptive statements Lorenzo sent in emails to capability traders in a firm. The emails described the firm as having sources of $10 million when Lorenzo knew the particular resolve become $four hundred,000.
Kavanaugh had dissented from the appellate ruling. He took no share in the excessive courtroom case.
Justice Stephen Breyer’s majority opinion rejected Lorenzo’s argument that he did no longer violate Securities and Replace Commission anti-fraud rules on story of he merely sent the emails at the direction of his boss, who equipped the messages’ contents.