SANTA ANA, CALIF. (CN) – Timothy Jenson, as director of Merisel Inc., made material misstatements and omissions in filings and press releases in his scheme to loot the company by self-dealing transactions in which he “sold” Merisel assets to entities he secretly controlled, the SEC claims in Federal Court. The SEC also sued TDH Enterprises LLC.
- D.C. Circuit
- Shareholder Class Action