July 24, 1990 |
Southland Communications Inc. has filed a $10-million countersuit against its largest creditor, Motorola Communications Inc. Motorola sued Southland in May, charging that Southland was delinquent in payments for paging equipment it purchased from Motorola. That lawsuit asked for $5.6 million Southland's suit, filed Friday in Orange County Superior Court in Santa Ana, denies most of the charges in the Motorola suit.
February 26, 1991 |
If anything, Southland Communications Inc. is persistent. On Monday, the financially strapped paging service in Santa Ana, which is tangled in legal troubles with securities regulators, announced for the second time that it has signed an agreement to merge with A+ Beepers of California Inc. in Torrance. Southland, which does business as National Paging, first broached the idea of a merger with A+ Beepers in October, 1989.
September 20, 1990 |
Southland Communications Inc., a financially struggling paging company that is facing civil and criminal investigations related to an alleged stock manipulation scheme, reported a third-quarter loss of $393,118 for the period ended July 31. The loss compared to a year-earlier deficit of $244,062. Revenue for the third quarter was $1.6 million, up slightly from $1.5 million a year earlier. In a Sept.
January 29, 1992 |
The former president of a Santa Ana paging company has agreed to give up $736,935 in profits made in securities trading to settle civil charges that he manipulated the company's stock, the Securities and Exchange Commission said Tuesday. Ahmad Bayaa also agreed to resign as president of Southland Communications Inc., to pay $137,248 in interest fees and place his 921,000 shares in company stock in a custodial account over which he will have no control, said Daniel R.
October 15, 1994 |
In what authorities say is the largest stock manipulation case ever uncovered in Los Angeles or Orange counties, the former president of a Santa Ana paging company and three others were indicted Friday on charges of securities fraud, money laundering and conspiracy. Named in the 39-count federal indictment were two Orange County men, Ahmad Naim Bayaa, 41, of Lake Forest, the former president of Southland Communications Inc., and Abdul Deeb, 43, of Anaheim, a former oil consultant.