Treble damages for intentional fraud would be nice, especially if a jury awarded punitive damages plus actual. Unfortunately the T/A neither admitted or denied the allegations in the settlement. The court would not allow the "unproven in court" allegations by the SEC initial charges as evidence in another civil trial. The Class (if there ever is one) would have to try to get a jury more. Maybe, if Pagnano gets in trouble for insider trading, his SEC/court records could show that the T/A may have allowed the illegal transactions (54 of them, I believe). Their instructions (HRNF rules, set by HRNF itself) were to NOT allow issuance of shares directly to the CEO for conversion and dumping. Just because the SEC settled with the T/A, shareholders are not prevented from trying to recover. I didn't think of that.
Maybe they talked, thus the fairly light penalty?
