- The SEC announces an enforcement action against L&L Energy (LLEN) and founder Dickson Lee for allegedly making false disclosures about who was running the coal company.
- The SEC says LLEN made it seem like it had a professional management team in place, including a CEO and CFO, when Lee actually was single-handedly controlling operations.
- In a parallel action, a criminal indictment against Lee was unsealed yesterday in federal court in Seattle.
- The stock has been halted since November.
at MarketWatch.com (Apr 12, 2011)