Securities and Exchange Commission v. SHE Beverage Company, Inc.

I. INTRODUCTION & BACKGROUND

On September 14, 2021, plaintiff United States Securities and Exchange Commission (“SEC”) filed this action against defendants SHE Beverage, Inc., (“SHE Beverage’), Lupe L. Rose (“Rose”), Sonja F. Shelby, and Katherine E. Dirden (collectively, “defendants”). Dkt. 1 at 2. The SEC alleges that defendants violated Sections 5 and 17(a) of the Securities Act of 1993 (“Securities Act”), 15 U.S.C. §§ 77(e)(a), 77(e)(c), 77q(a), and Section 10(b) of the Exchange Act, 15 U.S.C. § 78)(b) and

UNITED STATES DISTRICT COURT

CENTRAL DISTRICT OF CALIFORNIA

CIVIL MINUTES —- GENERAL ‘O’

Case No. 2:21-cv-07339-CAS-ASx Date April 28, 2025 Title Securities and Exchange Commission v. SHE Beverage Company, Inc. et al Rule 10b-5 thereunder, 17 C_F.R. § 240.10b5(a)-(c), by conducting a fraudulent offering between 2017 and 2019 and raising $15.4 million. Dkt. 1 at 3. The history and background of this case are well-known to the parties and set forth in detail in the Court’s December 14, 2023 order. See dkt. 108 at 1-4. The Court briefly recites the most recent procedural events below. On September 18, 2023, the Court…