| |
| | Michael Lauer, Lancer Management Group, LLC, and Lancer Management Group II, LLC, Defendants, and Lancer Offshore, Inc., Lancer Partners, LP, Omifund, Ltd., LSPV, Inc., and LSPV, LLC, Relief Defendants: Lit. Rel. No. 18226 / July 10, 2003 |
 | | The Complaint charges Lauer, Lancer and Lancer II with violations of Sections 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 (Exchange Act) and Rule 10b-5 thereunder and Sections 206(1) and (2) of the Investment Advisers Act of 1940 ("Advisers Act"). |
 | | The Complaint also alleges that Lauer acted as the "control person" for Lancer and Lancer II under Section 20(a) of the Exchange Act for their violations of Section 17(a) of the Securities Act and Section 10(b) of the Exchange Act and Rule 10b-5 thereunder. |
 | | Steinberg is responsible for taking control of Lancer, Lancer II, Offshore, OmniFund, LSPV, Inc. and LSPV, LLC and for marshaling and safeguarding their assets. |
| www.sec.gov /litigation/litreleases/lr18226.htm (457 words) |
|