USA: District court enters final judgment against individuals
Posted by nileshkokane on 11 July, 2011
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On July 05, 2011 U.S. Securities and Exchange Commission (SEC) announced that the United States District Court for the District of Massachusetts, upon motion by the Commission, entered an amended final judgment against the defendants Carl E. Binette and Peter E. Talbot finding them jointly and severally liable for a $615,000 disgorgement, plus prejudgment interest of $76,235.28, for a total payment of $691,235.28, and ordering Binette and Talbot to each pay a $1,845,000 civil money penalty.
The original article can be found at U.S. Securities and Exchange Commission.
Courtesy: latitudeqld.com.au
