Replies to post #75350 on Baltia Air Lines Inc. (fka BLTA)

[kayakzz]

Mystermeat:

When I was on Barry's pretrial conference call, the ALJ noted several times that the law requires that he issue a final order in Barry's case within 300 days of the filing and he fully intended to see that it happened. So, the date for Barry's settlement has come and gone. I wrote to the SEC attorney handling the case and indicated that I wanted to watch the trial as a member of the public. He reminded me that the judge's stay was still in effect.

This leads me to believe that Barry is settling with the SEC and part of that settlement is providing information to the Feds about Baltia's unlawful conduct. I suspect that the current delay in the SEC's public notification about the case is they are waiting for a civil complaint and/or federal indictments. Due to the length of time that has passed, I bet they are waiting on the DOJ to get indictments from a grand jury and will issue a press release about that SOON!