Suit against SendTec dismissed
Giselle Abramovich
June 19 2007
U.S. District Judge Paul C. Huck signed an order on June 12, dismissing the class action lawsuit filed against SendTec Inc. and its officers and directors and certain former officers and directors of the company. Plaintiffs Richard F. Thompson and L. Alan Jacoby claimed the company failed to disclose that the individuals selling their securities were not registered brokers/dealers, which is subject to both criminal and civil penalties.
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