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S.E.C. v. JOHNSON

Civil Action No. 05-36 (GK).

595 F.Supp.2d 40 (2009)

SECURITIES & EXCHANGE COMMISSION, Plaintiff, v. Charles JOHNSON, et al., Defendants.

United States District Court, District of Columbia.

January 27, 2009.

Attorney(s) appearing for the Case

David J. Gottesman, John D. Worland, Jr., Richard Hong, Robyn Bender, U.S. Securities & Exchange Commission, Washington, DC, for Plaintiff.

David Sidney Steuer, Jared Lee Kopel, Wilson Sonsini Goodrich & Rosati, Alto, CA, Nicholas Ian Porritt, Wilson Sonsini Goodrich & Rosati, PC, Danny C. Onorato, David Schertler, Habib F. Ilahi, Vincent H. Cohen, Jr., Schertler & Onorato, L.L.P., Carroll Virginia Crumbaugh Love, The Law Firm of Carroll Crumbaugh Love PLLC, Henry Winchester Asbill, Kerri L. Ruttenberg, Dewey & Leboeuf LLP, Washington, DC, Nicole Suzanne Miller Healy, Wilson Sonsini Goodrich & Rosati, Palo Alto, CA, Terrance Gilroy Reed, Vernon Thomas Lankford, William Francis Coffield, IV, Lankford, Coffield & Reed, PLLC, Alexandria, VA, Paul S. Hugel, Clayman & Rosenberg, New York, NY, for Defendants.

MEMORANDUM ORDER

GLADYS KESSLER, District Judge.

Plaintiff Securities and Exchange Commission ("SEC") filed this action against four individual Defendants (John Tuli, Kent Wakeford, Christopher Benyo, and Michael Kennedy, collectively "Defendants") on January 10, 2005, alleging a fraudulent scheme to materially and improperly inflate the announced and reported revenues of PurchasePro.com, Inc. ("PurchasePro"). On April 24, 2008, an eleven-member jury...

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