SEC and Pat Rooney settle on permanent injunctions. The court will make a determination on an officer/directors bar and/or disgorgement, if any at a future hearing. Next status hearing scheduled for Feb. 18, 2014.
A permanent injunction, is a type of order issued by a court after a full trial on the merits of a case has been conducted. Alternatively, a permanent injunction may be handed down if a default judgment is entered in a case or if the opposing party agrees to the injunction. A permanent injunction order is typically issued for the purpose of requiring a person or entity to permanently stop acting in a certain manner. By and large, a permanent injunction remains in effect as long as the conditions that compelled the injunction exist. If a person violates the terms of any type of injunction, he or she may be held in contempt of court.
UNITED STATES DISTRICT COURT
FOR THE Northern District of Illinois - CM/ECF LIVE, Ver 5.1.1
Eastern Division
Securities & Exchange Commission
Plaintiff,
v.
Case No.: 1:11-cv-08264
Honorable Charles P. Kocoras
Patrick G Rooney, et al.
Defendant.
NOTIFICATION OF DOCKET ENTRY
This docket entry was made by the Clerk on Thursday, December 19, 2013:
MINUTE entry before the Honorable Charles P. Kocoras: Status and motion hearing held on 12/19/2013 regarding motion for permanent injunctions (Doc. [59]).Plaintiff's agreed motion for entry of judgment of permanent injunctions against all defendants (Doc [59]) is granted. Status hearing continued to 2/18/2014 at 9:30 a.m. to report about time on other submissions. Enter Judgment as to Patrick G. Rooney and Solaris Management, Inc. ...
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