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Lines awarded $3m in damages

Lines Overseas Management's (LOM) chairman Donald Lines has been awarded more than $3 million in damages after a court ruled that process serving company Stokes & Levin had falsely claimed to have served him with subpoenas issued by the US Securities and Exchange Commission (SEC).

The Massachusetts Superior Court found that Stokes & Levin provided a false "Return of Service" to the SEC and submitted that "Return of Service" in legal proceedings in a US District Court and published false statements in the media that Mr. Lines had been served with the subpoenas.

Full for full story see–Business Page 29