Plastic2Oil Inc (PTOI)

[Steady_T]

I got that one wrong. It was a judgement by the court. In civil cases resolved by settlement...

If a settlement is reached, the settlement agreement resolves all issues between the parties. Typically, the court is either not involved or is involved only informally. Judicial approval of civil settlements is usually only required when one of the parties is a minor, or when there is a class action, or in other special circumstances that do not typically arise in most litigation. -

Apparently dealing with the SEC is one of the aforementioned special cases.

The Securities and Exchange Commission having filed a Complaint and Defendant John
W. Bordynuik ("Defendant") having entered a general appearance; consented to the Court's
jurisdiction over Defendant and the subject matter of this action; consented to entry of a Final
Judgment without admitting or denying the allegations of the Complaint (except as to
jurisdiction); waived findings of fact and conclusions of law; and waived any right to appeal
from a Final Judgment entered against him:

It also says there was no finding of fact.

That means that the court did not determine if there was fraud or not. The court did not address that issue.