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S.E.C. v. ONE OR MORE UNKNOWN TRADERS

Civil Action No. 07-0431 (RMU).

825 F.Supp.2d 26 (2010)

SECURITIES and EXCHANGE COMMISSION, Plaintiff, v. ONE OR MORE UNKNOWN TRADERS IN THE COMMON STOCK OF CERTAIN ISSUERS et al., Defendants.

United States District Court, District of Columbia.

August 31, 2010.

Attorney(s) appearing for the Case

Kenneth John Guido, Jr., Sarit K. Klein, U.S. Securities & Exchange Commission, Washington, DC, for Plaintiff.

Joseph J. Aronica, Duane Morris, Washington, DC, Paul W. Verner, Verner Simon, P.C., New York, NY, for Defendants.

MEMORANDUM OPINION

GRANTING THE PLAINTIFF'S MOTION FOR DEFEAULT JUDGMENT AND FOR A PERMANENT INJUNCTION

RICARDO M. URBINA, District Judge.

I. INTRODUCTION

This matter comes before the court on the plaintiff's motion for default judgment pursuant to Federal Rule of Civil Procedure 55(b)(2). The plaintiff, the Securities and Exchange Commission ("SEC"), brings this action against four individuals who engaged in a "pump-and-dump"...

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