U.S. Commodity Futures Trading Commission v. Wright et al
| U.S. Commodity Futures Trading Commission |
| Michael S. Wright and Wright Time Capital Group LLC |
| 1:2017cv04722 |
| June 22, 2017 |
| US District Court for the Southern District of New York |
| Foley Square Office |
| Debra C. Freeman |
| Laura Taylor Swain |
| Securities/Commodities/Exchanges |
| 07 U.S.C. ยง 0013 |
| Plaintiff |
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Filing
37
MEMORANDUM ORDER granting 31 Motion for Default Judgment. For the foregoing reasons, Plaintiffs motion for a default judgment is granted. As detailed in the Order for Final Judgment entered concurrently with this Memorandum Order, the Court grant s Plaintiffs request for injunctive relief, imposes a restitution obligation in the total amount of $371,250, with dollar-for-dollar credit to be given for any amounts collected and disbursed in connection with this case or the companion crimin al case against Wright, and a CMP of $1,113,750, representing the trebled amount of ill-gotten profits. Interest will accrue on the judgment at the rate set forth in 28 U.S.C. section 1961. The Clerk of Court is respectfully directed to enter judgment accordingly and to close this case. This Memorandum Order resolves docket entry no. 31. SO ORDERED. (Signed by Judge Laura Taylor Swain on 12/7/2018) (jca) Transmission to Orders and Judgments Clerk for processing.
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