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                    [ArticleID] => 96279
                    [Title] => SEC junks VMC petition to maintain status quo
                    [Summary] => The Securities and Exchange Commission (SEC) has denied the petition of Victorias Milling Co. to defer the appointment of a chief operating officer and maintain a status quo of the company’s operations.


The SEC hearing panel chaired by Director Eugenio Reyes said VMC’s urgent motion for the issuance of a temporary restraining order (TRO) was "devoid of merit."


The SEC said issuing a TRO would defeat the very purpose of the rehabilitation of VMC because the prior orders pertain to the suspension of VMC’s debt payments as well as its rehabilitation.

                    [DatePublished] => 2001-03-06 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
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DIRECTOR EUGENIO REYES

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                    [ArticleID] => 96279
                    [Title] => SEC junks VMC petition to maintain status quo
                    [Summary] => The Securities and Exchange Commission (SEC) has denied the petition of Victorias Milling Co. to defer the appointment of a chief operating officer and maintain a status quo of the company’s operations.


The SEC hearing panel chaired by Director Eugenio Reyes said VMC’s urgent motion for the issuance of a temporary restraining order (TRO) was "devoid of merit."


The SEC said issuing a TRO would defeat the very purpose of the rehabilitation of VMC because the prior orders pertain to the suspension of VMC’s debt payments as well as its rehabilitation.

                    [DatePublished] => 2001-03-06 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
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abtest

SEC junks VMC petition to maintain status quo

March 6, 2001 - 12:00am

The Securities and Exchange Commission (SEC) has denied the petition of Victorias Milling Co. to defer the appointment of a chief operating officer and maintain a status quo of the company’s...

Business