neighborhood in the news
- DFI Orders Columbia City Cinema, Inc. To Halt Stock Sales
- Dogs involved in Seattle mauling held for observation
Olympia – – The Securities Division of the Washington State Department of Financial Institutions (DFI) entered an order against Columbia City Cinema, Inc. (CCC) and its Chief Executive Officer/Chief Operating Officer, Paul Doyle. CCC operates a three-screen neighborhood cinema in Seattle. The order denies CCC’s application to register its common stock under the Washington Securities Act and gives notice of the Division’s intent to order CCC and Doyle to cease and desist from violating the Securities Act, to impose fines, and to recover investigative costs.
The Securities Division alleges that Columbia City Cinema, Inc. and Paul Doyle offered the company’s stock - which was not registered with the Securities Administrator - through its Website and a story on KING 5 television news. The Securities Division alleges that Columbia City Cinema, Inc. and Doyle violated state securities registration and anti-fraud laws. The Securities Division further alleges that Columbia City Cinema, Inc. and Doyle failed to provide potential purchasers of its stock with material information regarding the offering, such as financial statements to substantiate claims that the cinema has a “successful track record,” specific use of investor funds, and the risks inherent in purchasing the stock.
Three bull mastiffs will be held for observation by Seattle Animal Control for 10 days after mauling a 10-year-old boy who had climbed into their fenced yard to retrieve a ball.
Don Baxter, enforcement officer for Animal Control, said Sunday no decision about the dogs' fate will be made until an investigation of the incident is completed. He said the investigation will consider that the dogs were in their own yard and not wandering loose, as well as whether the attack was provoked or not.
Police say three brothers were playing Saturday at Brighton Playfield in South Seattle when their ball flew across the street and into the backyard of a house in the 4200 block of South Kenny Street. The boys pushed a garbage can against the back of a 6-foot fence, and the 10-year old climbed over and dropped into the yard, police spokeswoman Renee Witt said.
The boy suffered large gashes to his head and throat and a possible broken arm, Witt said. He was taken to Harborview Medical Center.
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