We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

SEC Wins Settlement From "Natural Healing" Co.

Law360 (May 5, 2006, 12:00 AM EDT) -- The U.S. Securities and Exchange Commission has prevailed in its legal battle against Bio-Heal Laboratories Inc., a natural-healing research firm accused of orchestrating a fraudulent initial public offering.

The regulatory agency sued Bio-Heal in April 2005 in the U.S. District Court for the Southern District of Florida, accusing the company of fraudulently issuing Bio-Heal stock worth approximately $10 million.

As part of the deal, Bio-Heal, which claimed to develop topical natural-healing products in Nicaragua, will pay $600,000 and pre-judgment interest of more than $18,000. The Nevada-based...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.