The Department of Finance and Mr. Breinholt, through their lawyers, have exchanged drafts of what amount to settlement agreements but have not yet arrived at any final agreement. Discussions do not always lead to agreements so investors are cautioned not to assume that this case will settle any time soon, or at all.
A status conference is scheduled before District Judge Owen on May 2, 2008.
Some investors have inquired whether the Department has frozen bank accounts of Defendants. The Department has not frozen any bank account of any defendant, nor has it issued any directions to any defendant in this case about the disposition of money in the accounts.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment