Business Services Industry
SEC Asks for Records of Irvine, Calif.-Based Electronics Firm.
Knight Ridder/Tribune Business News, October, 2002
By James B. Kelleher, The Orange County Register, Calif. Knight Ridder/Tribune Business News
Oct. 23--The Securities and Exchange said late Tuesday that it has asked a federal judge to compel Steven V. Cotton, a former top official at Irvine-based Lantronix Inc., to turn over personal financial and brokerage information to its investigators.
The SEC said that Cotton, 39, had failed to comply with an earlier subpoena, part of the commission's probe of events leading up to Lantronix's earnings restatement this spring.
Efforts to reach Cotton's attorney, Michael Dempsey, Tuesday were unsuccessful.
Lantronix fired Cotton in May, shortly after the company revealed it had overstated revenue for two years. Cotton was chief financial...
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