SEC Takes On Alleged Con Man For Takeover Bids

Law360, New York (July 2, 2007, 12:00 AM EDT) -- The U.S. Securities and Exchange Commission has filed charges against a purported acquisitions firm and one of its founders for pumping up publicly traded companies' stock values by allegedly making bogus offers to acquire companies such as Sony Corp., Zapata Corp. and Playboy Enterprises Inc.

The SEC filed a lawsuit on Friday in the U.S. District Court for the Southern District of New York against Theodore Roxford and Hollingsworth, Rothwell & Roxford for allegedly making false and misleading statements in connection with tender offers for five...
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