Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-4_04-cv-04088/USCOURTS-cand-4_04-cv-04088-14/pdf.json

Nature of Suit Code: 850
Nature of Suit: Securities, Commodities, Exchange
Cause of Action: 15:78m(a) Securities Exchange Act

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United States District Court

For the Northern District of California

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IN THE UNITED STATES DISTRICT COURT

FOR THE NORTHERN DISTRICT OF CALIFORNIA

SECURITIES AND EXCHANGE COMMISSION,

Plaintiff,

v.

JEREMY R. LENT, JOHN V. HASHMAN,

YINZI CAI, DOUGLAS WACHTEL and BRUCE

RIGIONE,

Defendants,

THE LENT FAMILY TRUST,

Relief Defendant.

 /

No. C 04-4088 CW

ORDER DENYING

DEFENDANTS'

MOTIONS FOR

SUMMARY JUDGMENT 

The Securities and Exchange Commission(SEC) brings this civil

enforcement action against five officers and directors of NextCard,

Inc. The SEC alleges that Defendants Jeremy Lent, John Hashman,

Yinzi Cai, Douglas Wachtel and Bruce Rigione violated a variety of

federal securities laws when the company made several accounting

Case 4:04-cv-04088-CW Document 237 Filed 09/19/06 Page 1 of 2
United States District Court

For the Northern District of California

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1In addition, the Court DENIES Plaintiff SEC's (Docket No.

228), Defendant Cai's (Docket No. 230) and Defendant Rigione's

(Docket No. 230) objections to evidence as moot. The Court has not

relied on inadmissible evidence in denying the motion.

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adjustments or when it failed to disclose those adjustments during

the 2000 and 2001 fiscal years. Defendants move individually for

summary judgment, each claiming primarily that he or she did not

possess the requisite mental state for each of the offenses. The

Court finds that there are genuine issues of material fact with

respect to Defendants' mental states and therefore DENIES

Defendants' motions.1

IT IS SO ORDERED.

Dated: 9/19/06 

CLAUDIA WILKEN

United States District Judge

Case 4:04-cv-04088-CW Document 237 Filed 09/19/06 Page 2 of 2