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AutoChina International Ltd to settle the lawsuit with SEC

Monday, 23 Jun 2014 08:30am EDT 

AutoChina International Ltd:Reached an agreement with the Securities and Exchange Commission (SEC) to settle the lawsuit filed in April 2012 against AutoChina and 11 investors, which has been filed with the United States District Court of Massachusetts for approval.Under the terms of the settlement, AutoChina, without admitting or denying wrongdoing, will pay a $4.35 million civil penalty to the SEC. 

Company Quote

22 Dec 2014