U.S. Securities and Exchange Commission Dismisses Lawsuit Against SkiHawk Capital Partners, LLC, The Convergence Group, and all Defendants.
- S&P 500 hits 2023 closing high as Powell strengthens peak rate bets
- Santa will continue to deliver - Stock Trader's Almanac
- 5 Tesla analysts weigh in as Tesla stock lags after Cybertruck updates
- Shares climb, dollar falls with Fed comments inspiring dovish bets
- Ulta Beauty lifts guidance after Q3 results beat estimates
COLORADO SPRINGS, Colo.--(BUSINESS WIRE)-- We are pleased to announce that our legal team, led by Attorney Paul Vorndran with Jones & Keller, P.C. has successfully secured a dismissal of all claims in the U.S. Securities and Exchange Commission's (SEC) lawsuit against SkiHawk Capital Partners, LLC, The Convergence Group, LLC (TCG), Clement Borkowski, Sean Hawkins, and Joseph Schiff.
Through our dedicated legal defense team, we effectively demonstrated that the allegations made by the SEC were without merit and that the disclosure documents provided to investors accurately depicted the alleged conflicts, asset values, and other business dynamics, contrary to the SEC's contentions. Our defense emphasized the fact that we fully disclosed all material information, our reliance on the advice of corporate and securities legal counsel, and the fact that we retained reputable CPA firms that conducted audits.
“We are extremely happy with this outcome after almost 6 years of interacting with the SEC on this matter,” according to Sean Hawkins, a Principal at SkiHawk and Managing Director of TCG. “We were confident when the facts came to light, we would ultimately be vindicated that the SEC’s allegations were simply factually wrong. Our faith in God, a strong conviction in the truth, and confidence in our legal counsel is what got us through when this was a David versus Goliath situation. The Federal government has unlimited resources,” Hawkins adds.
Our legal team was able to ultimately convey to the SEC its inability to prove any of the ten claims detailed in its intricate complaint. This favorable outcome exemplifies our unwavering commitment to providing management services with an assertive and unyielding defense to safeguard the interests of the companies we serve.
The Convergence Group is an alternative asset management firm headquartered in Puerto Rico with affiliated administrative personnel in Colorado Springs, CO. The Convergence Group brings strategic leadership, leaning into providence, in everything we do. Specializing in development and management of healthcare, blockchain, and real estate related enterprises. For more information about The Convergence Group, go to its website at: www.theconvergence.group.
The case number is No. 1:21-cv-01776.
Source: The Convergence Group
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- LianBio (LIAN) Confirms Receipt of Unsolicited Proposal from Concentra Biosciences
- Weibo (WB) Prices Offering of American Depositary Shares in connection with the Delta Placement of Borrowed ADSs
- JSB Financial Inc. Announces the Redemption of Jefferson Security Bank Common Stock and Capital Reduction
Create E-mail Alert Related CategoriesBusiness Wire, Press Releases
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!