FBR Squares Dispute With CompuDyne

Law360, New York (November 22, 2006, 12:00 AM EST) -- Investment bank Friedman, Billings, Ramsey Group Inc. has agreed to pay CompuDyne Corp. and William Blair Mezzanine Capital Fund II $4.5 million to settle insider-trading charges related to a 2001 private investment in public equity (PIPE) offering.

“The settlement acknowledges that both parties have expressed a desire to engage in future business dealings and recognize that resolving the outstanding issues will foster the ability to do so,” FBR said Tuesday.

“We are pleased to have settled with CompuDyne and look forward to resuming a mutually beneficial...
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