Bermuda-based stockbroker Lines Overseas Management Limited has secured more time in its increasingly desperate battle to avoid co-operating with securities fraud investigations being conducted by the SEC.
In an order on January 13, 2006, the U. S. Court of Appeals for the DC Circuit temporarily stayed a lower court’s order that LOM and its Managing Director, Scott Lines, comply with four SEC administrative subpoenas by January 17. The ruling was in response to an emergency motion for a stay, pending an appeal, filed that same day by LOM and Lines.
LOM secures stay of order requiring compliance with SEC subpoenas
19 years ago
Topics
Bermuda Canada Fraud Investment Listed SecuritiesKeywords
Brian Lines HiEnergy Technologies Lines Overseas Management Scott Lines Sedona Software Solutions