DC Circ. Rejects Starnet Execs' Bid For Rehearing

Law360, New York (October 6, 2009, 1:02 PM EDT) -- Two former executives of Starnet Communications International Inc. have failed in a second attempt to overturn a disgorgement order by the U.S. Securities and Exchange Commission, which accused them of a scheme to sell unregistered stock in the Canadian gaming company.

A 10-judge panel of the U.S. Court of Appeals for the District of Columbia Circuit issued an order Monday denying a petition by ex-Starnet officers John Carley and Christopher Zacharias for an en banc rehearing of their appeal challenging the SEC's order.

Monday's order comes...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.