Securities and Exchange Commission v. Chester Holdings, Ltd.

Business Valuation Update BVLaw
Legal and Court Case Update
February 19, 1999

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6719 Offices of Holding Companies, NEC
551112 Offices of Other Holding Companies
securities litigation
fraud
Securities and Exchange Commission v. Chester Holdings, Ltd.
41 F. Supp. 2d 505,1999 U.S. Dist. LEXIS 3734
US
Federal Court
New Jersey
United States District Court
Sally L. Hoffman (SEC)
Barry

Summary

The District Court held that Chester Holdings' overstatements of its financial condition in press releases and SEC filings, made in connection with five acquisitions, constituted fraud and that its officers were liable for insider trading.

See Also

Securities and Exchange Commission v. Chester Holdings, Ltd.

Full Text of Court Cases
February 19, 1999

At issue is the valuation of stock in five aquisitions and the use of proper accounting.