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SEC LITIGATION RELEASE
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EXTRACTED KEY WORDS
EXCHANGE COMMISSION REPORTS SECURITIES COMPLAINT ALLEGES EXCHANGE ACT LRG RESTAURANT GROUP DISTRICT FILING PERIODIC REPORTS DELINQUENT LITIGATION CIVIL UNITED STATES DISTRICT STATES DISTRICT COURT COLUMBIA NATURAL RESOURCES PROPERTIES RESOURCES PROPERTIES BUSINESS PINK SHEETS ACCURATE INFORMATION FINANCIAL CONDITION ANNUAL REPORTS FORM10-K QUARTERLY REPORTS NOTIFICATIONS COMPEL LRG RESTAURANT ENJOIN LRG RESTAURANT VIOLATIONS THEREUNDER |
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
Litigation Release No. 15744 / May 18, 1998
Securities and Exchange Commission v. LRG Restaurant Group, Inc.
Civil No. 98-CV- 01223 (D.D.C.) (filed May 15, 1998)
On May 15, 1998, the Commission filed a complaint in the United States
District Court for the District of Columbia against LRG Restaurant
Group, Inc. ("LRG Restaurant"). The complaint alleges that LRG
Restaurant, a restaurant and natural resources properties business
whose securities are quoted in the pink sheets, failed to make
available to the investing public current and accurate information
about its financial condition and results of operation through the
filing of periodic reports with the Commission as required by the
Securities Exchange Act of 1934 ("Exchange Act"). Specifically, the
complaint alleges that LRG Restaurant has not filed its Annual Reports
on Form10-K for the fiscal years ended November 30, 1996 and 1997, its
Quarterly Reports on Form 10-Q for the fiscal quarters ended
February 28, May 31 and August 31, 1997 and February 28, 1998, and
six Notifications of Late Filing with respect to its delinquent reports.
The Commission seeks to compel LRG Restaurant to file its delinquent
periodic reports and enjoin LRG Restaurant from further violations of
Section 13(a) of the Exchange Act of1934 and Rules 12b-25, 13a-1 and
13a-13 thereunder.
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