Defendant Name:
Bancinsurance Corporation
Defendant Type:
Public Company
SIC Code:
6330
CUSIP:
05945K10
Document Reference:
comp21300
Document Details
Legal Case Name
SEC v. Bancinsurance Corporation and John S. Sokol
Document Name
Complaint
Document Date
16-Nov-2009
Document Format
Civil Proceeding
Case Number
09-cv-02155
Federal District Court
District of Columbia, District of Columbia
Federal District Judge
Colleen Kollar-Kotelly
Allegation Type
Issuer Reporting and Disclosure
Document Summary
On November 16, 2009, the SEC filed a complaint against Bancinsurance Corporation, and John S. Sokol. According to the SEC: "This case concerns a financial fraud at Bancinsurance Corporation, an Ohio-based insurance company. Defendant Bancinsurance Corporation ('Bancinsurance' or the 'Company') failed to account properly for more than $2 million of reinsurance claims and Bancinsurance's president, Defendant John S. Sokol ('Sokol'), failed to ensure that the Company's principal financial officer or its external auditors were informed of the claims."
Other Defendants in Action:
