Securities and Exchange Commission v. Bruce E. Karatz

Justia Dockets & Filings Ninth Circuit California Central District Securities and Exchange Commission v. Bruce E. Karatz

Securities and Exchange Commission v. Bruce E. Karatz

Plaintiff:	Securities and Exchange Commission
Defendant:	Bruce E. Karatz
Case Number:	2:2008cv06012
Filed:	September 15, 2008
Court:	US District Court for the Central District of California
Office:	Western Division - Los Angeles Office
County:	Los Angeles
Presiding Judge:	Matz
Presiding Judge:	Mumm
Nature of Suit:	Securities/Commodities
Cause of Action:	15 U.S.C. § 78 m(a) Securities Exchange Act
Jury Demanded By:	None

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Date Filed	Document Text
September 25, 2008	Filing 3 JUDGMENT by Judge A. Howard Matz: IT IS HEREBY ORDERED, ADJUDGED, AND DECREED that Karatz and his agents, servants, employees, attorneys, and all persons in active concert or participation with them who receive actual notice of this Final Judgment ty personal service or otherwise are premanently RESTRAINED and ENJOINED (see document for further details). FURTHER ORDERED, ADJUDGED, AND DECREED that Karatz is liable for disgorgement of $6,183,390.50, representing profits gained as a result of the conduct alleged in the Complaint, together with prejudgment interest thereon in the amount of $531,428.77, for a total of $6,714,819.27. Karatz shall make this payment within ten (10) business days after entry of this Final Judgment by certified check, bank cashier's check, or US postal money order payable to KB Home Inc. Karatz shall pay post-judgment interest on any delinquent amounts pursuant to 28 USC 1961 (see document for further details). FURTHER ORDERED, ADJUDGED, AND DECREED that Karatz shall pay a civil penalty in the amount of $480,000 pursuant to Section 20(d) of the Securities Act, 15 USC 77t(d), and Section 21(d)(3) of the Exchange Act, 15 USC 78u(d)(3). Karatz shall make this payment within ten (10) business days after entry of this Final Judgment by certified check, bank cashier's check, or US postal money order payable to the Securities and Exchange Commission (see document for further details). (MD JS-6, Case Terminated). (jp)

Date Filed

Document Text

September 25, 2008

Filing 3 JUDGMENT by Judge A. Howard Matz: IT IS HEREBY ORDERED, ADJUDGED, AND DECREED that Karatz and his agents, servants, employees, attorneys, and all persons in active concert or participation with them who receive actual notice of this Final Judgment ty personal service or otherwise are premanently RESTRAINED and ENJOINED (see document for further details). FURTHER ORDERED, ADJUDGED, AND DECREED that Karatz is liable for disgorgement of $6,183,390.50, representing profits gained as a result of the conduct alleged in the Complaint, together with prejudgment interest thereon in the amount of $531,428.77, for a total of $6,714,819.27. Karatz shall make this payment within ten (10) business days after entry of this Final Judgment by certified check, bank cashier's check, or US postal money order payable to KB Home Inc. Karatz shall pay post-judgment interest on any delinquent amounts pursuant to 28 USC 1961 (see document for further details). FURTHER ORDERED, ADJUDGED, AND DECREED that Karatz shall pay a civil penalty in the amount of $480,000 pursuant to Section 20(d) of the Securities Act, 15 USC 77t(d), and Section 21(d)(3) of the Exchange Act, 15 USC 78u(d)(3). Karatz shall make this payment within ten (10) business days after entry of this Final Judgment by certified check, bank cashier's check, or US postal money order payable to the Securities and Exchange Commission (see document for further details). (MD JS-6, Case Terminated). (jp)

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Plaintiff: Securities and Exchange Commission
Represented By:	John M McCoy, III
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Defendant: Bruce E. Karatz
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