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To: scion who wrote (112681)5/4/2011 11:57:45 AM
From: scion  Read Replies (1) | Respond to of 122087
 
SEC sues Fla. man over offers for Kodak, AMR stock

(AP) – 28 minutes ago
google.com

MIAMI (AP) — The Securities and Exchange Commission has sued a Florida man over his mysterious recent offers to buy all stock in Eastman Kodak Co. and the parent of American Airlines.

The SEC lawsuit contends that 45-year-old Allen E. Weintraub lacks any means to complete the offers. The SEC says Weintraub has been convicted of past fraud charges and never paid a previous SEC judgment of more than $1 million. The lawsuit asks a judge to stop Weintraub from making such stock offers.

The offers generated wide publicity in March. Weintraub's inactive company, Sterling Global Holdings, offered $1.3 billion for all outstanding Kodak stock and $3.25 billion for stock in AMR Corp., the American Airlines parent.

Phone messages left for Weintraub were not immediately returned Wednesday. No lawyer was listed in court records.

google.com