U.S. Securities & Exchange Commission v. Universal Express, Inc.

OPINION AND ORDER

GERARD E. LYNCH, District Judge.

This enforcement action arises from the alleged dissemination of false information to investors by Universal Express, Inc., its chief executive officer Richard A. Alto-mare, and its in-house counsel Chris G. Gunderson (collectively, “Organizational Defendants”), in an effort to facilitate the illegal unregistered distribution of 500 million shares of Universal Express stock to the public through re-sellers Mark S. Neuhaus, George J. Sandhu, Spiga Limited, and Tarun Mendiratta (collectively, “ReSellers”). Defendants Neuhaus and Sandhu entered…