Here is a detailed article about the recent development concerning the SEC’s action against LG Capital Funding, LLC and Joseph I. Lerman:
SEC Withdraws All Claims, Federal Court Permanently Dismisses Action Against LG Capital Funding, LLC and Joseph I. Lerman
New York, NY – July 14, 2025 – In a significant development, the Securities and Exchange Commission (SEC) has officially withdrawn all claims and a federal court has permanently dismissed the action against LG Capital Funding, LLC, and its principal, Joseph I. Lerman. This resolution brings a definitive closure to the legal proceedings that have been underway.
The news, published by PR Newswire, marks a complete victory for LG Capital Funding and Mr. Lerman. The SEC’s decision to withdraw all allegations signifies a substantial turning point in the case. Following this withdrawal, the United States District Court for the Southern District of New York has issued a permanent dismissal of the action, effectively ending the SEC’s pursuit of the matter.
LG Capital Funding, LLC, a firm engaged in providing capital solutions, and Mr. Joseph I. Lerman have consistently maintained their position throughout the duration of the legal process. The permanent dismissal by the federal court, stemming directly from the SEC’s withdrawal of its claims, provides a clear and conclusive outcome for all parties involved.
This resolution underscores the importance of thorough due diligence and the legal processes that govern financial markets. The definitive closure of this case offers certainty and allows LG Capital Funding, LLC, and Joseph I. Lerman to move forward.
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PR Newswire Policy Public Interest published ‘Total victory: SEC withdraws all claims and Federal Court permanently dismisses action against LG Capital Funding, LLC and Joseph I. Lerman’ at 2025-07-14 18:37. Please write a detailed article about this news in a polite tone with relevant information. Please reply in English with the article only.