SEC Sues Dunes Hotel Owners Over Fraud in Proxy Statement
Five counts allege Continental Connector Corp and M&A Investment Co defrauded investors in the Dunes Hotel merger. The suit claims misleading financial statements based on an inadequate audit and misstated net income for 1967. The SEC seeks injunctions and reformation of proxy statements, with stock transactions in play for the Dunes and Golden Nugget deals.
MENTIONED IN THIS ARTICLE
Washington
Dunes
Las Vegas
Securities and Exchange Commission
Federal District Court
New York
SEC
Continental Connector Corp
M&a Investment Co
American Stock Exchange
Continental
Woodside
N.Y
Commission
Continental Connector
Nevada
Golden Nuggets
Golden Nugget
Frank Simmons
Ncreases
The
Governor weighing clemency in UVA student LaVarre case
Gov. Mills E. Godwin Jr and parole board members met with Frank LaVarre, the former UVA student and track star sentenced to 20 years for marijuana possession, seeking clemency. LaVarre was arrested in Danville with marijuana valued at 2,500 dollars and originally sentenced to 25 years with five suspended. The case drew national attention and prompted appeals for sentence reduction amid calls to curb marijuana penalties.
MENTIONED IN THIS ARTICLE
Richmond
Mills E._Godwin_Jr
University of Virginia
Frank LaVarre
State Capitol
Godwin
Danville
LaVarre
State Parole Board
Danville Corporation Court
A. M. Aiken
State Penitentiary
Virginia Commission For Children and Youth
Rice Elected Chairman of Seaboard Line
W Thomas Rice was elected chairman of the board of Seaboard Coast Line Railroad Co to succeed John W Smith who retires Jan 1. Smith led the post the past two years. Rice 57 is a former president of the Atlantic Coast Line which merged with Seaboard in 1967. He becomes president of the combined operation with Prime F Osborne of Jacksonville named to succeed him as Seaboard vice president.
MENTIONED IN THIS ARTICLE
Richmond
W. Thomas Rice
Seaboard Coast Line Railroad Co
John W. Smith
Smith
Rice
Prime F. Osborne
Jacksonville
Seaboard
Atlantic Coast Line Railroad
Atlantic Coast Line
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UAN
Hanoi
Sens
Robert P. Griffin
R-Mich
William B. Spong, Jr
D-Va
Paris
Denny’s
Winchester
Efeggett
Breggett
Seaboard Line
Childrens
Frederick ST
Alt
Hagerstown, MD
Queen Street
Martinsburg
W. VA
Oys
Frederick Hagerstown
Maryland
N. Queen ST. Martinsburg
West Virginia
KERN
S. Loudoun St
Kerns