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Allen v. Loughery (In re Loughery)

Ruling: 
Settlement without judgment or admission of liability was still a nondischargeable debt for violation of securities laws.
Procedural posture: 
Plaintiff judgment creditors filed a complaint against defendant Chapter 7 debtor seeking a determination that a judgment was excepted from discharge pursuant to 11 U.S.C.S. § 523(a)(19). The creditors filed a motion for summary judgment.
Issue: 
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Consumer case opionion summary, case decided on July 08,2011, LexisNexis #1011-047