A Connecticut federal jury found Halitron Inc. and its CEO made misleading statements in press releases in violation of federal securities laws, the SEC said.
The Securities and Exchange Commission sued Halitron and Bernard Findley in 2020 in the U.S. District Court for the District of Connecticut. It alleged the press releases misrepresented information about Halitron’s stock buyback program and the value of certain assets, among other things.
Jurors found Findley and Halitron, a Newtown, Conn.-based asset-holding company, liable for securities fraud following a seven-day trial, the SEC said Wednesday.
The verdict was based on two statements found to be ...
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