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Relief Defendant is Blue Star Media GROUP, INC. And BUSINESSTALKRADIO.NET ACQUISITION CORP. The Securities and Exchange Commission filed an Amended Complaint in this action. The Complaint alleges that Blue Star Media group, INC. Violated the securities laws of the u.s.
Relief Defendant is Blue Star Media GROUP, INC. And BUSINESSTALKRADIO.NET ACQUISITION CORP. The Securities and Exchange Commission filed an Amended Complaint in this action. The Complaint alleges that Blue Star Media group, INC. Violated the securities laws of the u.s.
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Relief Defendant is Blue Star Media GROUP, INC. And BUSINESSTALKRADIO.NET ACQUISITION CORP. The Securities and Exchange Commission filed an Amended Complaint in this action. The Complaint alleges that Blue Star Media group, INC. Violated the securities laws of the u.s.
Droits d'auteur :
Attribution Non-Commercial (BY-NC)
Formats disponibles
Téléchargez comme PDF, TXT ou lisez en ligne sur Scribd
Case 1:10-cv-02031-DLI-JMA Document 258-1 Filed 01/16113 Page 1 of 3 PagelD #: 6579
UNITED STATES DISTRICT COURT
IN ClERk's ClF"JCE EASTERN DISTRICT OF NEW YORK . ," IR" r "N' SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. SPONGETECH DELIVERY SYSTEMS, INC., RM ENTERPRISES INTERNATIONAL, INC., STEVEN Y. MOSKOWITZ, MICHAEL E. METTER, GEORGE SPERANZA, JOEL PENS LEY, and JACK HALPERIN, Defendants, and BLUE STAR MEDIA GROUP, INC. and BUSINESSTALKRADIO.NET ACQUISITION CORP. Relief Defendants. f MAR t t 2013' 'It' 1O-CV-2031 (DLI) (JMA) JUDGMENT AS TO RELIEF DEFENDANT BLUE STAR MEDIA GROUP, INC. The Securities and Exchange Commission having filed an Amended Complaint and Relief Defendant Blue Star Media Group, Inc .. ("Relief Defendant") having entered a general appearance; Relief Defendant consents to the Court's jurisdiction over it and the subject matter of this action; consents to entry of this Judgment without admitting or denying the allegations of the Complaint (except as to jurisdiction); waives findings of fact and conclusions of law; and waives any right to appeal from this Judgment: Case 1:10-cv-02031-DLI-JMA Document 269 Filed 03/11/13 Page 1 of 3 PageID #: 7986 Case 1:10-cv-02031-DLI-JMA Document 258-1 Filed 01/16/13 Page 2 of 3 PagelD #: 6580 I. IT IS HEREBY FURTHER ORDERED, ADJUDGED, AND DECREED that Relief Defendant shall pay disgorgement of ill-gotten gains and prejudgment interest thereon. The Court shall determine the amounts of the disgorgement upon motion of the Commission. Prejudgment interest shall be calculated from June 26, 2009, based on the rate of interest used by the Internal Revenue Service for the underpayment of federal income tax as set forth in 26 U.S.C. 6621(a)(2). In connection with the Commission's motion for disgorgement, and at any hearing held on such a motion: (a) Relief Defendant will be precluded from arguing that it did not receive illicit proceeds from the violation of the federal securities laws, as alleged in the Amended Complaint; (b) Relief Defendant may not challenge the validity of the Consent or this Judgment; (c) solely for the purposes of such motion, the allegations of the Amended Complaint shall be accepted as and deemed true by the Court; and (d) the Court may determine the issues raised in the motion on the basis of affidavits, declarations, excerpts of sworn deposition or investigative testimony, and documentary evidence, without regard to the standards for summary judgment contained in Rule 56(c) of the Federal Rules of Civil Procedure. In connection with the Commission's motion for disgorgement, the Commission and Relief Defendant may take discovery, including discovery from appropriate non-parties. II. lT IS FURTHER ORDERED, ADJUDGED, AND DECREED that the Consent is incorporated herein with the same force and effect as if fully set forth herein, and that Relief Defendant shall comply with all of the undertakings and agreements set forth therein. 2 Case 1:10-cv-02031-DLI-JMA Document 269 Filed 03/11/13 Page 2 of 3 PageID #: 7987 s/DLI Case 1:10-cv-02031-DLI-JMA Document 258-1 Filed 01/16/13 Page 3 of 3 PagelD #: 6581 III. IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that this Court shall retain jurisdiction of this matter for the purposes of enforcing the terms of this Judgment. IV. There being no just reason for delay, pursuant to Rule 54(b) of the Federal Rules of Civil Procedure, the Clerk is ordered to enter this Judgment forthwith and without further notice. 3 Case 1:10-cv-02031-DLI-JMA Document 269 Filed 03/11/13 Page 3 of 3 PageID #: 7988
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