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If you purchased a significant amount of shares of this company you have certain options and for certain investors are short and strict deadlines running. Investors should contact the Shareholders Foundation, Inc.
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To have your information reviewed for options and to receive notifications about this case, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Lawsuit Overview
Company
Security
OTC: GTEL
Case Name
GlobeTel Communications Corp. Case 05/06/2008
Type of Lawsuit
Shareholder Class Action
Court of Filing
U.S. District Court for the Southern District of Florida
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Summary
<p>The U.S. Securities and Exchange Commission has filed a complaint in the U.S. District Court for the Southern District of Florida against three GlobeTel Communications Corp. executives, two former chief financial officers, Thomas Y. Jiminez and Lawrence E. Lynch, alleging that they fabricated roughly $120 million of business to boost the company’s stock price and illegally sold more than $1.6 million in stock.</p>