Business Services Industry
Oklahoma City District Court Allows Settlement with Wireless Company.
Knight Ridder/Tribune Business News, July, 2001
By Brian Brus, The Daily Oklahoman Knight Ridder/Tribune Business News
Jul. 14--The U.S. District Court in Oklahoma City on Friday approved a settlement worth more than $300,000 from former Broadband Wireless International Corp. President Ivan Webb to the temporary receiver of the company and its investors.
Under a civil lawsuit filed by the Securities and Exchange Commission, Webb returned to Broadband in excess of a million shares of stock which he owned, court-appointed receiver Peter Bradford said. Webb also transferred some property, cash, real estate and interest in oil and gas properties to the company, Bradford said.
"This is just another chapter in the receiver attempting to recover assets and moving the company forward toward a...
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