From The Bond Buyer
By Jack Casey
WASHINGTON – The Ramapo Local Development Corp. and three individuals facing Securities and Exchange Commission securities fraud charges are asking a federal judge to dismiss the SEC’s complaint, claiming, among other things, that no one was hurt.
The four defendants are separately responding to the SEC’s complaint filed on April 14 in the U.S. District Court for the Southern District of New York in Manhattan. They are each also asking for a jury trial.
The individuals are: Christopher St. Lawrence, supervisor and director of finance for the town, as well as president of the RLDC; Aaron Troodler, the former executive director of the RLDC; and Nathan Oberman, the town’s deputy finance director. [Read more…]