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SEC v THE CLASSICA GROUP, INC Click to find out why . . .



Keywords & Phrases
CaseNo: 34-45057, Defendant: The Classica Group, Inc., Plaintiff: SEC, UniqueCaseRef: SEC>34-45057, Classica Group, Exchange Act, Commission, Securities, Instituting, Findings, Violation, Material Fact, Thereunder, Pursuant, Hereby, Killing Anthrax, Misleading, Administrative Proceeding, Matter, Imposing Cease-and-desist Order, Deems, Respondent, Common Stock, Microwave Technology, Packages, Jersey, Shares, Nasdaq Small-cap Market, Process Packages, Biological Disaster, Florida, Staff, Basic Design, Killing Biological Bacteria , ContentID: 120246947

Case Documents
1 2001-11-15 SEC ADMINISTRATIVE PROCEEDING
[ see first page and extracted highlights below  ] ItemID: 117097
3 pages
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Total Documents: 1 document , 3 pages
Price: $ 19.95


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1 . SEC ADMINISTRATIVE PROCEEDING

EXTRACTED KEY WORDS
EXCHANGE ACT
COMMISSION
SECURITIES
INSTITUTING
FINDINGS
VIOLATION
MATERIAL FACT
THEREUNDER
PURSUANT
HEREBY
KILLING ANTHRAX
MISLEADING
ADMINISTRATIVE PROCEEDING
MATTER
IMPOSING CEASE-AND-DESIST ORDER
DEEMS
RESPONDENT
COMMON STOCK
MICROWAVE TECHNOLOGY
PACKAGES
JERSEY
SHARES
NASDAQ SMALL-CAP MARKET
PROCESS PACKAGES
BIOLOGICAL DISASTER
FLORIDA
STAFF
BASIC DESIGN
KILLING BIOLOGICAL BACTERIA
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION

SECURITIES EXCHANGE ACT OF 1934
Release No. 45057 / November 15, 2001

   ADMINISTRATIVE PROCEEDING
   File No. 3-10639
     _________________________________________________________________

   In the Matter of

   THE CLASSICA GROUP, INC.
     _________________________________________________________________

   ORDER INSTITUTING CEASE-AND-
   DESIST PROCEEDINGS, MAKING
   FINDINGS AND IMPOSING CEASE-
   AND-DESIST ORDER

                                     I.

   The Securities and Exchange Commission ("Commission") deems it
   appropriate that public cease-and-desist proceedings be instituted
   pursuant to Section 21C of the Securities Exchange Act of 1934
   ("Exchange Act") against The Classica Group, Inc. ("The Classica
   Group" or "Respondent").

                                    II.

   In anticipation of these administrative proceedings, The Classica
   Group has submitted an Offer of Settlement, which the Commission has
   determined to accept. Solely for the purpose of these proceedings and
   any other proceedings brought by or on behalf of the Commission or to
   which the Commission is a party, and without admitting or denying the
   facts, findings or conclusions herein, except as to jurisdiction of
   the Commission over The Classica Group and over the subject matter of
   this proceeding, which The Classica Group admits, the Classica Group
   consents to the entry of this Order Instituting Cease-and-Desist
   Proceedings, Making Findings and Imposing Cease-and-Desist Order
   ("Order"). Accordingly, IT IS ORDERED that proceedings, pursuant to
   Section 21C of the Exchange Act, against The Classica Group be, and
   hereby are, instituted.

                                    III.

   On the basis of this Order and the Offer submitted by The Classica
SNIPPETS:
  • SECURITIES AND EXCHANGE COMMISSION
  • ADMINISTRATIVE PROCEEDING
  • The Securities and Exchange Commission deems it appropriate that public cease-and-desist
  • Solely for the purpose of these proceedings and any other proceedings brought by or on behalf Imposing Cease-and-Desist Order
  • Respondent The Classica Group is a New York corporation headquartered in Lakewood, New Jersey.
  • The common stock of The Classica Group is registered pursuant to Section 12of the Exchange
  • Shares of The Classica Group's common stock are listed on the NASDAQ small-cap market.
  • The press release further stated that the company was working on a system to process packages
  • On October 12, 2001, The Classica Group issued a press release that, among other things,
  • The Classica Group press releases omitted to state that its microwave technology had not been
  • Section 10of the Exchange Act and Rule 10b-5 thereunder prohibit, in connection with the
  • The Classica Group knew, or was reckless in not knowing, that these statements were false and
  • the Commission finds that The Classica Group violated Section 10of the Exchange Act and Rule
  • IT IS HEREBY ORDERED that The Classica Group be and hereby is ordered to cease and desist
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