Securities and Exchange Commission v. Wealth Management LLC et al

Filing 388

ORDER denying 363 Motion for Summary Judgment; signed by Judge William C Griesbach on 03/14/2012. (cc: all counsel, via US mail to James Putman) (Griesbach, William)

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UNITED STATES DISTRICT COURT EASTERN DISTRICT OF WISCONSIN SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. Case No. 09-C-506 WEALTH MANAGEMENT, LLC, et al., Defendants. ORDER DENYING MOTION FOR SUMMARY JUDGMENT Pro se Defendant James Putman filed a motion for summary judgment. The brief supporting the motion is a two-page document that criticizes the Securities and Exchange Commission for seizing control of his former company’s assets and thus reducing or eliminating his own ability to disgorge the amount of money the government seeks. This sparse argument does not provide a basis for relief, at least at this stage. To the extent Putman has a viable defense, the merits of that defense will be taken up at a future date in this Court’s decision addressing the government’s motion for summary judgment. Putman’s own motion, however, will be DENIED. SO ORDERED this 14th day of March, 2012. s/ William C. Griesbach William C. Griesbach United States District Judge

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