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05-063 - Securities and Exchange Commission v. Gann et al


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05-063 - Securities and Exchange Commission v. Gann et al
March 13, 2006
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Memorandum Opinion and Order denying in part and granting in part 12 Motion to Dismiss filed by Scott B Gann,, George B Fasciano. See order for specifics. (Signed by Judge Sam A Lindsay on 3/13/06) (jrb, )
March 31, 2008
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Memorandum Opinion and Order. The courts finds that Plaintiff has proved by a preponderance of the evidence that Gann's actions violated Section 10(b) and Rule 10b-5, and that injunctive relief, disgorgement, and a civil penalty are appropriate. Plaintiff shall submit a proposed judgment and permanent injunction by 4/7/08 at 5:00 p.m. Once the court receives the proposed judgment, it will issue a final judgment and permanent injunction in accordance with applicable law. (Signed by Judge Sam A Lindsay on 3/31/08) (jyg)