Star Exploration Receiver Pitches $1M Settlement Deal

Law360, New York (April 22, 2011, 12:12 PM EDT) -- The receiver for Star Exploration Inc. asked a federal judge in Texas on Thursday to approve a $1 million settlement with securities regulators after an investigation showed the owner of the oil prospector illegally solicited and spent his investors' money.

Court-appointed receiver Kelly M. Crawford, of the Dallas law firm Scheef & Stone LLP, asked Judge Reed C. O'Connor to set a May 9 hearing to go over the deal, which would include the dismissal of Texas law fraud claims in a second lawsuit against companies...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Securities and Exchange Commission v. Star Exploration Inc et al


Case Number

3:08-cv-02248

Court

Texas Northern

Nature of Suit

Securities/Commodities

Judge

Reed C O'Connor

Date Filed

December 22, 2008


Case Title

Crawford v. Blue Star Exploration Company et al


Case Number

3:10-cv-00490

Court

Texas Northern

Nature of Suit

Securities/Commodities

Judge

Reed C O'Connor

Date Filed

March 10, 2010

Law Firms

Government Agencies

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.