An attorney representing former IndyMac CEO Mike Perry fired back at the SEC, in the wake of the agency's fraud charges against their client on Friday.
Here are some highlights from Perry's attorney Jean Veta, a partner at Covington & Burling:
An attorney representing former IndyMac CEO Mike Perry fired back at the SEC, in the wake of the agency's fraud charges against their client on Friday.
Here are some highlights from Perry's attorney Jean Veta, a partner at Covington & Burling:
This is strong stuff—even by the standards of a legal press release indicating a willingness to fight to the bitter end.
The countercharge of meritlessness—and the notion that bad business decisions shouldn't end in fraud complaints—is standard issue.
The assertion that the complaint is not only without merit but without logic seems to go a step farther.
Veta points out that Perry didn't sell stock, but rather was investing his own money at the time of the alleged fraud.
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