TITLE

$6M in Fines Proposed For Sarbaz & Firm

AUTHOR(S)
Hume, Lynn
PUB. DATE
July 2004
SOURCE
Bond Buyer;7/19/2004, Vol. 349 Issue 31928, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Reports that a federal judge in Los Angeles, California has found that Manouher Sarbaz and his company, Pacific Golf Community Development LLC, the developer of a residential golf course community, misled bondholders. Reason why there was very little chance that the golf course would ever be built; Judge's proposal that the court issue permanent injunctions against Sarbaz and Pacific Golf; Imposition of civil penalties against Sarbaza and Pacific Golf.
ACCESSION #
13831244

 

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