The U.S. Securities and Exchange Commission sued Lupo Securities on Thursday in Illinois Northern District Court for allegedly profiting off of a Lockheed Martin partial tender offer. The complaint accuses Lupo of tendering 1 million Lockheed shares on its own behalf, an amount in excess of 925,000 shares of Lupo’s net long position in Lockheed. Attorneys have not yet appeared for the defendant. The case is 1:21-cv-04027, U.S Securities and Exchange Commission v. Lupo Securities LLC.

This suit was surfaced by Radar, a source for high-speed legal news and litigation updates personalized to your practice. Radar publishes daily updates on just-filed federal cases like this one. Click here to get started and be first to know about new suits in your region, practice area or client sector.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]