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S.E.C. v. TOME

81 Civ. 1836(MP).

638 F.Supp. 638 (1986)

SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. Giuseppe B. TOME, Paolo Mario Leati, Lombardfin S.p.A., Trasatlantic Financial Co., S.A., Nayarit Investments, S.A., Finvest Underwriters and Dealers Corp., Certain Purchasers of the Common Stock and Call Options for the Common Stock of St. Joe Minerals Corp., and Banca Della Svizzera Italiana, Defendants.

United States District Court, S.D. New York.

July 22, 1986.

MEMORANDUM ACCOMPANYING JUDGMENT

MILTON POLLACK, Senior District Judge.

Prejudgment Interest

The Findings and Opinion in this case, filed June 3, 1986, stated that prejudgment interest on the amounts subject to disgorgement in this civil insider trading action brought by the SEC, was to be calculated at the average prime rate for the period from March 11, 1986, the day after the unlawful purchase of St. Joe securities based on inside information...

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