Universal Express Co-Defendant Settles with SEC

Law360, New York (December 5, 2007, 12:00 AM EST) -- Former race car driver Mark Neuhaus has reached a settlement with the U.S. Securities and Exchange Commission over his alleged involvement in an illegal stock scheme with luggage delivery company Universal Express Inc. and its top executives.

Judge Gerard E. Lynch of the U.S. District Court for the Southern District of New York signed off on an order on Monday that permanently enjoined Neuhaus from further securities law violations. It also permanently barred him from “participating in an offering of penny stock, including engaging in activities...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.