Securities and Exchange Commission v. Premiere Power, LLC et al
||Securities and Exchange Commission
||Premiere Power, LLC, John Jankovic and Jerry Jankovic
||February 20, 2015
||US District Court for the Southern District of New York
||Foley Square Office
||XX Out of State
||Katherine Polk Failla
|Nature of Suit:
|Cause of Action:
||15 U.S.C. § 78
|Jury Demanded By:
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|January 4, 2018
OPINION AND ORDER: re: 73 MOTION for Judgment Against John Jankovic (Disgorgement, Penalty, Injunctions). filed by Securities and Exchange Commission. For the reasons cited above, the SECs requests for disgorgement in the amount of $450,000, prejudgment interest in the amount of $121,039, a civil money penalty in the amount of $57,000, and a permanent injunction prohibiting Jankovic from violating Sections 17(a)(2) and (3) of the Securities Act are GRANTED. Th e SEC's request for an injunction against Jankovic from soliciting or accepting funds from any person or entity in an unregistered offering of securities is DENIED. The Court understands that this Order may affect the parties' views on th e need to adjudicate the remaining claims in this case. For this reason, the Court hereby ADJOURNS sine die the jury trial previously scheduled to start on February 20, 2018. The parties are ORDERED to file a joint letter on or before February 9, 2018, advising the Court whether they still intend to proceed to trial and suggesting a revised trial schedule as necessary. (Signed by Judge Katherine Polk Failla on 1/4/2018) (js)
|March 21, 2017
OPINION AND ORDER re: 47 MOTION for Summary Judgment . filed by Securities and Exchange Commission. For the reasons set forth above, the Court GRANTS IN PART, and DENIES IN PART, the SEC's motion for summary judgment. The Clerk o f Court is ORDERED (i) to terminate Docket Entry 47 and (ii) docket this Opinion in Yu v. Premiere Power LLC, 14 Civ. 7588 (KPF), as well as the docket for this case. On July 18, 2016, this Court stayed Yu v. Premiere Power LLC, 14 Civ. 7588 (KPF), p ending resolution of the SEC's motion for summary judgment in this matter. Accordingly, that stay is hereby LIFTED. The parties in that case and the instant case are ORDERED to file a joint status letter (in the dockets of both cases) on or before April 3, 2017. The status letter should explain whether the parties wish to engage in any form of alternative dispute resolution. (Signed by Judge Katherine Polk Failla on 3/21/2017) (cla)
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