Neuhaus To Pay $14M In Universal Express Case

Law360, New York (August 17, 2009, 1:27 PM EDT) -- Former race car driver Mark Neuhaus has been ordered to pay more than $14 million as part of a settlement with the U.S. Securities and Exchange Commission over his alleged involvement in an illegal stock scheme with luggage delivery company Universal Express Inc. and its top executives.

Judge Gerard E. Lynch of the U.S. District Court for the Southern District of New York entered final judgment on Friday against Neuhaus and his co-defendant, investment adviser George J. Sandhu, almost two years after the pair consented to...
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