Blackbriar Holdings Inc.

  • Home
  • Blackbriar Holdings Inc.

US judge approves ‘seemingly illusory’ settlement between SEC and Caledonian Group

A U. S. regulator's much-criticized securities fraud complaint against Cayman Islands-based Caledonian Bank and Caledonian Securities is near a conclusion after a federal judge in New York yesterday approved a "seemingly illusory" settlement between the parties and rejected an attempt to block it by the group's "putative owner".