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California Laser Acknowledges SEC Temporary Restraining Order

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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...Read full article

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    Published: May 1999
    News & FeaturesLasers

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