Friday, June 29, 2007

SEC sues firm over alleged bogus takeover bids

(Reuters) - Theodore Roxford, through Hollingsworth, Rothwell & Roxford , publicized the offers on Internet message board postings, news releases and in at least one case a regulatory filing, the Securities and Exchange Commission alleged in a complaint filed in Manhattan federal court.




Besides Sony and Playboy, Roxford also made offers for Zapata Corp. , Edgetech Services Inc. and PeopleSupport Inc. , according to the complaint. The alleged scheme took place between January 2003 and April 2007, it said.


Read more at Reuters.com Business News

No comments: