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Re: arvitar post# 171768

Tuesday, 03/20/2012 6:17:31 PM

Tuesday, March 20, 2012 6:17:31 PM

Post# of 312015
The regulators alleged that JBI overstated its financials;

"A lawyer for Baldwin, Ralph V. De Martino, said his client “believes that he has valid defenses to the action."

The SEC is not suing JBII.

Everything is preliminary at this juncture.

They will settle with JBII