callthebank: "The part I like is where the SEC want them to drop the suite against them and post it on the web site that it has been dismissed..."
Nowhere does the SEC state they want USXP to drop the suit against them. USXP lost that suit, and it lost its appeal of that suit, yet RA continues to state that the case is ongoing. It isn't. The SEC wants RA to stop misleading investors by continuing to make that claim.
"These statements are misleading, because Universal Express and Altomare fail to disclose that the Company’s suit against the Commission was dismissed on March 30, 2005 [see Exhibit 6], which decision was affirmed by the Eleventh Circuit Court of Appeals on April 18, 2006."
