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Litigation

Jul. 22, 2016

Prometheus Law executive settles with SEC

The U.S. Securities and Exchange Commission has settled with one executive of a Los Angeles-based litigation marketing company accused of lying to retirees and investors about where their nearly $12 million investment went.

By Saul Sugarman
Daily Journal Staff Writer

The U.S. Securities and Exchange Commission has settled with one executive of a Los Angeles-based litigation marketing company accused of lying to retirees and investors about where their nearly $12 million investment went.

Instead of putting the money toward class actions, as Prometheus Law executive James Catipay said he would, he allegedly took about $1.87 million of ...

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