(June 28, 2023, 8:06 AM EDT) -- PASADENA, Calif. — A divided Ninth Circuit U.S. Court of Appeals panel reversed a trial court’s grant of summary judgement on the amount of a civil penalty in a case over the creation and sale of publicly traded shell corporations, finding that the individual who helped create the companies and directed the preparation of Securities and Exchange Commission filings raised genuine issues of material fact concerning his pecuniary gains, scienter and his remorse....