U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 20078 / April 18, 2007
SEC v. Concorde America, Inc., et al., Civil Action No. 05-80128-CIV-ZLOCH (S.D. Fla.).
Final Judgments of Permanent Injunction Entered Against Defendants Paul A. Spreadbury, Concorde America, Inc. and Hartley Lord
The Securities and Exchange Commission announced that on February 9, 2007 and February 12, 2007, Chief Judge William J. Zloch, United States District Judge for the Southern District of Florida entered Final Judgments of Permanent Injunction and Other Relief against Defendants Paul A. Spreadbury, Concorde America, Inc. and Hartley Lord, respectively. The Final Judgments, which were entered with the consents of the Defendants, enjoin them from violations of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. The Final Judgments against Spreadbury and Lord permanently enjoin them from participating in a penny stock offering. In addition, Lord is enjoined from acting as an officer or director of a public company. The Court also ordered disgorgement, prejudgment interest and civil penalties against each of the defendants in amounts to be determined by the Court upon the Commission's motion.
The Commission commenced this action by filing its complaint on February 14, 2005, against Spreadbury, Concorde and Lord, among others.