SEC | Law Firm Newswire

New York, NY(Law Firm Newswire) November 25, 2016 – The Securities and Exchange Commission (SEC) filed an accounting fraud lawsuit against Lime Energy Co. and four of its former employees in Manhattan federal court. The SEC accused the company and its executives of improperly recognizing $20 million in revenue sooner than permitted in order to reach internal revenue targets. Lime Energy, an energy services provider, will pay a $1 million settlement. None of the former executives admitted or denied the allegations. However, they all agreed to settlements. “Reporting false revenue is a serious charge for corporate employees as it involves […]


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Dallas, TX (Law Firm Newswire) August 13, 2015 – The U.S. Securities and Exchange Commission (SEC) is cracking down on unregistered broker dealers receiving commissions within the EB-5 Immigrant Investor Program. The EB-5 program allows a foreign national to obtain a green card if he or she invests money in the United States, either in a new or existing business, or in a “regional center,” a third-party managed investment vehicle. Regional centers are permitted to charge the immigrant investors an administration fee for creating and developing investment projects, but as recent action by the SEC makes clear, companies, immigration attorneys […]


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New York, NY (Law Firm Newswire) April 2, 2015 – Zamansky LLC announces that it is investigating Lynn Tilton’s “Zohar” Loan Funds, the collateralized loan funds managed under the names Patriarch Partners, LLC, Patriarch Partners XIII, LLC, Patriarch Partners XIV LLC and Patriarch Partners XV, LLC (“Zohar Funds”). The investigation concerns the allegations against investment advisor Lynn Tilton and the Zohar Funds made by the U.S. Securities and Exchange Commission (“SEC”). On March 25, 2015, the SEC filed an Administrative Proceeding alleging that Tilton issued misleading values of the Zohar Fund’s CLO holdings to inflate management fees charged to the […]


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New York, NY (Law Firm Newswire) February 20, 2015 – Notice is hereby given a class action lawsuit has been filed today, February 20, 2015, in the United States District Court, Southern District of New York by an investor individually and on behalf of all other investors who purchased or otherwise acquired common stock of Virtus Investment Partners Inc. (NASDAQ: VRTS) (“Virtus”) between May 28, 2013 and December 22, 2014 (the “Class Period”). The Class Action Complaint alleges that Virtus and certain of its officers and/or directors violated sections 10(b) and 20(a) of the Securities Exchange Act of 1934. Virtus […]


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Houston, TX (Law Firm Newswire) September 11, 2014 – The U.S. oil and gas boom has lasted almost five years so far, and signs of a bust have not yet been spotted.  According to the U.S. Bureau of Labor Statistics, the oil and gas industry in Texas created more than 20,000 jobs in the past year alone. New Mexico recorded 2013 as its highest-production year to date, and current 2014 performance suggests that the state may well top itself again. Investment opportunities have soared along with the industry. Richard LaGarde is the founder of LaGarde Law Firm, which is based […]


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Dallas, TX (Law Firm Newswire) February 26, 2014 – Increased demand for EB-5 visas allowing foreign investors to gain permanent residence in the U.S. may lead to a backlog in visa availability. Activity in the investor EB-5 visa program has expanded widely over the past several years, and a record number of EB-5 petitions were filed during fiscal year 2013. The United States Citizenship and Immigration Services (USCIS) reported that 6,517 initial EB-5 visa petitions were received from foreign investors under the program. At of the end of the government’s fiscal year (September 30, 2013), 3,696 investor petitions had been […]


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