Securities and Exchange Commission v. Femenia et al
ORDER granting 22 Motion Consent of Defendant Roger A. Williams to Preliminary Injunction and Other Relief. Signed by Senior Judge Graham Mullen on 12/13/2012. (eef)
UNITED STATES DISTRICT COURT
WESTERN DISTRICT OF NORTH CAROLINA
SECURITIES AND EXCHANGE
Civil Action No.
JOHN W. FEMENIA, SHAWN C.
HEGEDUS, DANIELLE C. LAURENTI,
CORAM REAL ESTATE HOLDING, INC.,
GOLDSTAR P.S. INC., ROGER A.
WILLIAMS, KENNETH M. RABY, FRANK
M. BURGESS, JAMES A. HAYES,
MATTHEW J. MUSANTE, ANTHONY C.
MUSANTE and AARON M. WENS,
KRISTINE LACK and CHRISTINE E.
ORDER GRANTING PRELIMINARY INJUNCTION AND
OTHER EQUITABLE RELIEF AS TO DEFENDANT WILLIAMS
The Securities and Exchange Commission (“Commission”) having filed
a Complaint and Emergency Ex Parte Application for a Temporary Restraining Order
and Other Relief on December 5, 2012 against, among others, Defendant Roger A.
Williams (“Williams” or “Defendant”) (the Commission and the Defendant
collectively referred to herein as the “Parties”); the Defendant having entered a
general appearance; consented to the Court’s jurisdiction over him and the
subject matter of this action; consented to entry of this Order Granting
Preliminary Injunction and Other Relief (the “Preliminary Injunction Order”)
without admitting or denying the allegations of the Complaint (except as to
jurisdiction); waived findings of fact and conclusions of law; and waived any
right to appeal from this Order.
IT IS ORDERED that Williams, his respective agents, servants, employees,
attorneys and all persons in active concert or participation with them, in connection
with the purchase or sale of securities, by use of any means or instrumentalities of
interstate commerce, or of the mails or any facility of any national securities
exchange, be, and they hereby are, preliminarily restrained and enjoined from,
directly or indirectly:
employing any device, scheme or artifice to defraud;
making any untrue statement of a material fact, or omitting to state a
material fact necessary in order to make the statements made, in the light of the
circumstances under which they were made, not misleading; or
engaging in any act, practice or course of business which operates or
would operate as a fraud or deceit upon any person in violation of Section 10(b) of
the Securities Exchange Act of 1934 (“Exchange Act ”) [15 U.S.C. § 78j(b)] and
Exchange Act Rule 10b-5 thereunder [17 C.F.R. § 240.10b-5].
IT IS FURTHER ORDERED that all the relief provided for in this
Court’s December 5, 2012 Temporary Restraining Order Freezing Assets of
Defendants and Relief Defendants and other relief (“December 5 Order”) is
hereby extended as to the Defendant until further order of the Court, EXCEPT
The preliminary injunction hearing scheduled for December 17,
2012 as to Williams is cancelled as to the issue of whether a preliminary
injunction should issue as to Williams, as Defendant has consented to entry of
such an injunction. This provision does not impact the hearing with respect to
other issues or other defendants or relief defendants; and
At the December 17, 2012 hearing, Defendant intends to request a
release from the asset freeze to which the SEC cannot consent. Any relief from
the asset freeze will be addressed by separate Order of this Court.
IT IS FURTHER ORDERED that this Court will retain jurisdiction
over this matter and over the Defendant, in order to implement and carry out the
terms of all Orders and Decrees that may be entered.
The Defendant’s Consent is incorporated herein with the same force
and effect as if fully set forth herein, and the Defendant shall comply with all of
the undertakings and agreements set forth therein.
Signed: December 13, 2012