ValCom Agrees To Stock Shutdown As RICO Suit Looms

Law360, New York (July 30, 2013, 7:30 PM EDT) -- Entertainment company ValCom Inc. on Monday announced a settlement with the U.S. Securities and Exchange Commission, agreeing to end trading of its common stock to settle proceedings over unfiled periodic reports as the company litigates a racketeering suit in New Jersey federal court against its former chief executive.

The SEC will end administrative proceedings against ValCom after the Boonton Township, N.J.-based company agreed to the commission’s revocation of the registrations for ValCom's common stock classes, effectively ending public trading of the company’s stock, which was traded...
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Case Information

Case Title

VALCOM, INC. v. VELLARDITA et al


Case Number

2:13-cv-03025

Court

New Jersey

Nature of Suit

Racketeer/Corrupt Organization

Judge

William H. Walls

Date Filed

May 9, 2013

Government Agencies

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