Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Security Benefit Added to Defendant Roster In Fragasso Case Not Rated 4.5 Email Routing List Email & Route  Print Print
Tuesday, November 06, 2007

Security Benefit Added to Defendant Roster In Fragasso Case

Reported by Erin Kello

The Fragasso v. Rydex case is heating up again with a second amended complaint filed by Fragasso and his lawyers on Halloween. The new complaint adds Security Benefit to the roster as a defendant, claiming the company directed Rydex not to give Fragasso the executive participation units he was promised.

The amended complaint also adds a charge by Fragasso that following his termination in August, Rydex filed a U5 complaint form with the SEC alleging that he has been discharged for "unauthorized dissemination of confidential company information."

Its possible this refers to Fragasso's disclosure of Rydex's sale price in the original complaint he filed on August 1, 2007. In the amended October 31 complaint, Fragasso adds to this speculation by stating that he had already amended his complaint once "as a courtesy to the defendant." The first amended complaint, filed on August 3, omitted the sale price.

Rydex and its lawyers have until November 14 to respond to Fragasso's latest claims.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

4.5
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2018
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use