Disgorgement Award In SEC Action Not Void Under Rule 60(b)(4), Panel Rules

Mealey's (April 10, 2023, 1:39 PM EDT) -- NEW YORK — A federal district court did not err in denying a man’s motion for relief from a judgment ordering him to pay disgorgement in a Securities and Exchange Commission civil enforcement action because the man failed to sufficiently allege that the judgment was void within the meaning of Federal Rule of Civil Procedure 60(b)(4), a Second Circuit U.S. Court of Appeals panel ruled April 7 in a summary order....