Updates to our Terms of Use

We are updating our Terms of Use. Please carefully review the updated Terms before proceeding to our website.

Wednesday, October 7, 2026
Courthouse News Service
Wednesday, October 7, 2026 | Back issues
Courthouse News Service Courthouse News Service

$9 Million Disgorgement

A federal judge granted the SEC’s request for $9.2 million in disgorgement and fines from Lawrence Penn III, for grand larceny and falsifying records in the private equity fund he managed, and for his “complete lack of remorse” despite his guilty pleas.

MANHATTAN — A federal judge granted the SEC’s request for $9.2 million in disgorgement and fines from Lawrence Penn III, for grand larceny and falsifying records in the private equity fund he managed, and for his “complete lack of remorse” despite his guilty pleas.

Categories / Securities

Subscribe to our free newsletters

Our weekly newsletter Closing Arguments offers the latest about ongoing trials, major litigation and rulings in courthouses around the U.S. and the world, while the monthly Under the Lights dishes the legal dirt from Hollywood, sports, Big Tech and the arts.