Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Industrial Photonics Photonics Showcase Photonics ProdSpec Photonics Handbook
More News
Email Facebook Twitter Google+ LinkedIn Comments

California Laser Acknowledges SEC Temporary Restraining Order
May 1999
VAN NUYS, Calif., May 5 -- California Laser Co., a manufacturer of 3-D holographic video image projectors, confirmed that a temporary restraining order had been issued at the request of the Securities and Exchange Commission against the company, its president and majority shareholder Nicholas Geranio, and certain affiliates. The restraining order is effective through May 11, 1999.
Responding to the SEC's allegation of misappropriation of funds, Geranio said, I started this company using my personal credit cards. I received compensation from California Laser Company for rendering services to the company and used that compensation to buy a ring for my wife. There is no law that says I can't make a living from my business and support my family. The company has pledged that it will cooperate fully with the SEC and will work to have the restraining order lifted as soon as possible.

lasersNews & Features

Terms & Conditions Privacy Policy About Us Contact Us
back to top

Facebook Twitter Instagram LinkedIn YouTube RSS
©2018 Photonics Media
x We deliver – right to your inbox. Subscribe FREE to our newsletters.