Forbes: U.S. District Judge Employs Common Sense To Overrule Glitch In Charging Order Statute In Brogdon (July 30, 2021)

Forbes has published an article,”U.S. District Judge Employs Common Sense To Overrule Glitch In Charging Order Statute In Brogdon,” which discusses U.S. Securities Exchange Commission’s complaint against Christopher Brogdon on securities fraud. The article begins as follows:

The U.S. Securities Exchange Commission filed a complaint against Christopher Brogdon in 2015 relating to alleged securities fraud in the financing of numerous nursing homes. In 2020, a final judgment was entered against Christopher, and his wife Connie Brogdon as a relief defendant. The judgment required the Brogdons to disgorge $48 million in assets with 30 days of the date of the judgment, but those 30 days came and went and the judgment remained unpaid. Among other actions to enforce its judgment, the SEC filed a motion for a charging order against a number of Brogdon entities, resulting in the opinion by the Hon. Kevin McNulty, U.S. District Judge for the District of New Jersey, which I shall now relate.

Click here to see full article: “U.S. District Judge Employs Common Sense To Overrule Glitch In Charging Order Statute In Brogdon.”

Posted by Bella Hoang, Managing Associate Editor, Wealth Strategies Journal.

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