SEC Denying Ex-Luca Chief’s Right To Counsel, Atty Says

Law360, Washington (December 11, 2015, 2:41 PM ET) — The U.S. Securities and Exchange Commission is scheming to block legal representation for the former CEO of Luca International Group LLC in bankruptcy proceedings stemming from the collapse of her company amid SEC fraud allegations, a lawyer told a California federal court Thursday.

Charles E. Long of Cage Hill and Niehaus LLP asked the court to let Bingqing Yang pay his firm to represent her in bankruptcy court, citing a “glaring lack of proof” for SEC claims that the money would come from funds raised through…

Source: Law360