Bermuda-based investment firm Lines Overseas Management and its Managing Director, Scott Lines, have applied for a stay – pending an appeal – of a court order requiring them to turn over information to the SEC for use in two investigations into alleged securities fraud.
In a joint motion to the U. S. District Court for the District of Maryland, LOM and Lines, claim that, until a final order is rendered, they “cannot lawfully be required to comply” with four SEC subpoenas and, therefore, the effect of a January 7, 2005 ruling by Magistrate Judge Alan Kay ordering them to comply should be stayed until it becomes final.
LOM seeks stay of order that they comply with SEC subpoenas
20 years ago
Topics
Bermuda Canada Fraud Investment Listed SecuritiesKeywords
Brian Lines HiEnergy Technologies Largo Flight Limited Lines Overseas Management Monashee Limited