A Denver judge has thrown out a lawsuit that state regulators filed against an investment broker and signaled she will do the same to their case against an Indian restaurant. In a setback for the agency, Judge Sarah Wallace determined the Colorado Division of Securities can sue only people and companies who committed investment fraud within the past five years, rejecting the division’s argument that it is immune from statutes of limitations. In mid-April, the Division of Securities sued the securities broker Michael Bissonnette as well as Bombay Group, which operates Saucy Bombay on East Colfax Avenue.
Judge Rejects State’s Case Against Investment Broker Over Indian Restaurant
Justin Wingerter, Denver Post: Business
Thu, 07/04/2024 - 5:00am
Topics: indian judge sarah wallace colorado division east colfax avenue the the bombay group saucy bombay tung attorneys assistant attorney general sarah donahue on june bombay group s coloradans bisonnette s act we related articles attorney general phil weiser colorado s kroger-albertsons aurora alan friedberg berg hill greenleaf ruscitti boulder paul vorndran javier heres jones keller judge wallace s read denver wallace division colorado colorado securities bissonnette bombay group saucy bombay chan a a we business vorndran we businessden state case judge rejects investment broker commissioner limitations law dismissed statute investors sued dismiss disagreed lawsuit allegations fraud sue years investor protections motion told filed
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