Christian Games Penalty

The Ninth Circuit <a href="http://www.courthousenews.com/wp-content/uploads/2018/03/9th-circuit-SEC.pdf"><strong>upheld</strong></a> a federal court's order that a Christian video game publisher disgorge $3.2 million and pay a $150,000 fine, finding the amount was not an unreasonable estimation of the profits the publisher received from <strong><a href="https://www.courthousenews.com/sec-sues-christian-video-game-boss/">kickbacks</strong></a> on unregistered shares it sold.

SAN FRANCISCO (CN) — The Ninth Circuit on Wednesday upheld a federal court’s order that a Christian video game publisher disgorge $3.2 million and pay a $150,000 fine, finding the amount was not an unreasonable estimation of the profits the publisher received from kickbacks on unregistered shares it sold.

Categories / Appeals, Law, Media, Securities, Technology

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