Appellate Court Orders Alan Levan Must Step Down from Post
BBX Capital Corp. CEO and Chairman Alan Levan will have to step down this month, a federal appellate court ruled Thursday.
December 10, 2015 at 11:00 AM
2 minute read
The original version of this story was published on Daily Business Review
BBX Capital Corp. CEO and chairman Alan Levan will have to step down this month, a federal appellate court ruled Thursday.
Levan was banned in September from serving as an officer or director in any publicly traded company for two years, following a Miami jury's determination that he violated Securities and Exchange Commission regulations.
The U.S. Court of Appeals for the Eleventh Circuit denied Levan's motion to stay the ban pending his appeal. The Fort Lauderdale executive must step down by Christmas, as U.S. District Judge Darrin P. Gayles agreed Sept. 24 to delay implementing the ban for 90 days to give Levan time to wrap up business affairs.
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Trending Stories
- 1BD Settles Thousands of Bard Hernia Mesh Lawsuits
- 2The Law Firm Disrupted: For Big Law Names, Shorter is Sweeter
- 3First Lawsuit Filed Alleging Contraceptive Depo-Provera Caused Brain Tumor
- 4The 'Biden Effect' on Senior Attorneys: Should I Stay or Should I Go?
- 5Elder Litigators Confront Tough Questions in Last Act of Careers
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250