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No settlement expected in $27 million SEC 'market manipulation' case, court filing says

Jennifer Schlesinger

"The parties do not believe there is a possibility of prompt settlement of this case," says a Tuesday court filing signed by all parties. The SEC already settled in full or in part with nine defendants, including Miami biotech billionaire Phillip Frost, according to court filings. A settlement in principle for Florida businessman Barry Honig now appears to be off the table, according to a filing on Tuesday in the case that was signed by all parties.