Law360, New York (June 03, 2011, 6:22 PM ET) -- A Pennsylvania federal judge Friday signed off on a consent order ending the U.S. Securities and Exchange Commission's stock inflation case against National Lampoon Inc. and its convicted former CEO, who dodged civil penalties.
The agreement closes a suit the SEC launched in 2008 against National Lampoon — the company behind iconic comedies as “Animal House" and “Christmas Vacation” — and ex-CEO Daniel S. Laikin over kickbacks paid to two stock promoters to pump up company share prices.
"These consents resolve the SEC's enforcement action against...
SEC Closes National Lampoon Stock Inflation Case
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