Replies to post #60733 on Nutra Pharma Corp (NPHC)

[Brokemillwright]

I don't recall the case being a slam dunk on the SEC side being touted here. Perhaps Google permant injunction and diesengorment and it could be a explanation.

A permanent injunction is a court order requiring a person to do or cease doing a specific action that is issued as a final judgment in a case. ... Failure to comply with an injunction may result in being held in contempt of court, which in turn may result in either criminal or civil liability.

In contrast, disgorgement requires a defendant to give up all profits it has made as a result of illegal or wrongful acts, regardless of the actual loss incurred by the plaintiff. ... Disgorgement is an equitable remedy issued by the court, not the jury.


Now slick rik has been touting all these things, that haven't come to fruition (DTRA and it's response, starting ms trails by years end, still don't have those International sales), I wonder if he got caught with his hand in the cookie jar again?

[I-Glow]

The SEC could have turned this over to the Justice Department for Criminal prosecution - but the most likely scenario is that there will be a settlement and Deitsch agrees to a 5 year ban from any involvement in securities.

Deitsch has a very poor track record as the CEO of public companies.

I thought many stated the Judge would Dismiss the Complaint and in over 3 years that hasn't happened.

IG