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1
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SEC LITIGATION RELEASE
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EXTRACTED KEY WORDS
REPORTS COMMISSION EXCHANGE COMPLAINT SECURITIES FILING EXCHANGE ACT DELINQUENT DISTRICT COMPLAINT ALLEGES PERIODIC REPORTS ANNUAL REPORTS LITIGATION RELIEF CIVIL STATES DISTRICT COURT COLUMBIA BLIMPS ADVERTISING ACCURATE INFORMATION FINANCIAL CONDITION NOTIFICATIONS COMPEL AIRSHIP ENJOIN AIRSHIP VIOLATIONS THEREUNDER ENTRY JUDGEMENT GRANTING |
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
Litigation Release No. 15454/ August 21, 1997
Securities and Exchange Commission v. Airship International Ltd. Civil
No.
97-CV-01896 (D.D.C.) (filed August 21, 1997)
On August 21, 1997, the Commission filed a complaint in the
United
States District Court for the District of Columbia against Airship
International Ltd. ("Airship"). The complaint alleges that Airship,
a
company that operates blimps used for advertising, 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
Airship
has not filed its Annual Reports on Form 10-K for the fiscal years
December
31, 1994, 1995 and 1996, and seven Quarterly Reports on Form 10-Q for
the
fiscal quarters ended March 31, June 30 and September 30, 1995 and 1996
and
March 31, 1997 and nine Notifications of Late Filing with respect to
its
delinquent reports. The Commission seeks to compel Airship to file
its
delinquent Annual Reports on Form 10-K and its delinquent Quarterly
Report
on Form 10-Q for the quarter ended March 31, 1997 and enjoin Airship
from
further violations of Section 13(a) of the Exchange Act of 1934 and
Rules
12b-25, 13a-1 and 13a-13 thereunder. Simultaneously with the filing of
SNIPPETS:
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