- | The Court of Appeals affirmed the indictment of $CAL’s 8 shareholders for stock manipulation |
- | The SEC received the decision of the CA regarding its appeal to nullify the dismissal on charges against the $CAL shareholders |
- | The SEC found the 8 shareholders to have engaged in artificially raising the price of Calata shares |
| $CAL delisting drama |
The Court of Appeals (CA) affirmed the indictment of Calata Corp.’s eight shareholders for their manipulation of the company’s shares on the stock exchange which led to artificially inflated prices.
The Securities and Exchange Commission (SEC) said Thursday that it has received the decision of the Special Sixth Division of the CA dated Sept. 10, regarding its appeal to nullify the Department of Justice (DoJ)’s resolutions dismissing market manipulation charges against the Calata shareholders.
October 4, 2019 1:31 pm