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Friday, December 01, 2017 12:29:02 PM
The final default judgment, which was entered by the Honorable Allison D. Burroughs of the U.S. District Court for the District of Massachusetts, enjoins Lionshare from future violations of Sections 5 and 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. The judgment also orders Lionshare to pay disgorgement and pre-judgment interest in the total amount of $1,107,413 plus a $775,000 civil penalty. The court previously entered final default judgments against Gondolfe and Cannabiz on January 27, 2017. The SEC's litigation in this matter continues against Esposito, Pignatello and Galizio.
http://www.risktech-forum.com/news/court-enters-final-judgement-against-microcap-industry-consulting-company-i
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