Complete Victory for Power Up Lending Group Ltd., Geneva Roth Remark Holdings, Inc., 1800 Diagonal Lending, LLC, and Curt Kramer in SEC Lawsuit

NEW YORK, June 23, 2025 /PRNewswire/ -- Naidich Wurman LLP today announced the complete victory that its clients – Power Up Lending Group Ltd., Geneva Roth Remark Holdings, Inc., 1800 Diagonal Lending, LLC, and Curt Kramer – obtained in litigation brought by the Securities and Exchange Commission.

"We have always maintained that we were right on the facts and the law, and today's filing by the SEC – dismissing all charges with prejudice – confirms that this case should never have been filed in the first place," said Curt Kramer, the owner of Power Up Lending and other related lenders.

Under prior political leadership, the SEC filed a series of patently pretextual lawsuits, including against Mr. Kramer, alleging, not that anyone had violated substantive securities laws, but rather that lenders providing much-needed and unquestionably legal funding to small public companies had failed to register with the SEC as "dealers." That allegation was nonsensical. Two of the SEC's own commissioners called it "shocking" and "arbitrary and even tyrannical." And after being summoned for a hearing in front of the court in Mr. Kramer's case, the SEC's lawyers refused even to defend their theory – instead, voluntarily dismissing their case.

"The fact that the SEC not only dismissed its own case, but also felt compelled to negotiate an agreement where we wouldn't sue them, says it all," said Mr. Kramer. "I'm grateful to the new leadership at the Commission, who took charge, acknowledged the egregious errors of their predecessors, and righted this wrong by dismissing this misguided case with prejudice."

Media Contact:
Power Up Lending's litigation counsel Marshall R. King, Gibson Dunn & Crutcher LLP; 212-351-3905; [email protected]

SOURCE NAIDICH WURMAN LLP