Wife Settles In Suit Over $156M Oil, Gas Investment Plot

Law360, New York (June 28, 2011, 3:22 PM EDT) -- The U.S. Securities and Exchange Commission on Monday settled its claims against Kathy Lucas, whose husband was among multiple defendants targeted in Kansas for an alleged $156 million oil and gas securities offering fraud that victimized more than 1,300 investors.

Edward J. Nazar, the receiver appointed to recover funds from the fraud, had claimed that Lucas' husband, Dale, fraudulently transferred more than $2.1 million from the fraud to his wife's name. Citing Kathy Lucas' financial condition, Nazar agreed to drop all claims against her in return...
To view the full article, register now.

Documents

Related

Sections

Case Information

Case Title

Securities and Exchange Commission v. McNaul et al


Case Number

6:08-cv-01159

Court

Kansas

Nature of Suit

Securities/Commodities

Judge

J. Thomas Marten

Date Filed

May 28, 2008

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.