Securities and Exchange Commission v. Curshen et al

Filing 189

OPINION AND ORDER GRANTING re 70 MOTION for Summary Judgment in Favor of Plaintiff Securities and Exchange Commission and Against Defendants Zigdon and Weinbaum filed by Securities and Exchange Commission. Signed by Senior Judge James Lawrence King on 8/28/2012. (jw)

UNI
TED STATES DI
STRI COURT
CT
SO UTHERN DI
STRI OF FLORI
CT
DA
Cas No.11 CVe
- 20561 JLK
-

SECURI ES AND EXCHANGE
TI
COM M I ON,
SSI
Pli if
antf,
VS
.

JONA THA N R.CURSH EN ,
MI
CHAEL S.
KROM E,
DAV I C. CCI
D RI

R
ONNYMORAS SS AZ
AL AR,

ROBERT L.W EI
DENBA U M S
A RI SERI 'W Em BA UM ,and
AV S C'
YI
TZCH AK ZI ON a l I ACK ZI
GD
/ ZH
da
GDON,

Def nda s
e nt .
O PI ON AND ORDER GM NTI SUM M ARY JUDGM ENT
NI
NG
I FAVOR OF PLAI FF SECURI ES AND EXCHANGE COM M I
N
NTI
TI
SSION
AND AGAI ST DEFENDANTS ZI
N
GDON AND W EI
NBAUM

TH I M ATTER c e bef et Cour uponPl i ifSec ii a Exc nge
S
om s or he
t
antf
urtes nd ha

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1.BACKGROUND

Thi i aci lSEC ca eale ng sock a ma ketm a pul ton. a n ifbrngst s
s s vi
s lgi t
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ni ai Pli tf i hi

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ncude
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r t r de s a tor y, nd n c a t al
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c m ' n he
3
r tai
r udulnt t m a dump s he e' i t
p
common soc ofafcii c
t k
i ttous ompa C0 Te h Lt
ny, 2 c d.
On Fe u r 1 2011,Pl i ifSEC fl d t a
br a y 8,
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ie he bove-t e a ton,alegi vi ai nsof
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l ng olto

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4
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h e miis t 7 S.
7 ( ) c , Co n V) e kig n g s n n u cie
r l f ( mp . DE /1.M o e s e i al ,Plitf SEC alg st a Dee da tW en a m,a
ei . Co l, / ) r p cfc ly anif
e
le e h t fn n ib u
busne s a and De e nt Zi
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f nda
gdon,a a ot a t wor d t t r t per tae t soc
n cc mt n , ke oge he o per t he t k
ma pulton s me by esabls ng a busne sr a i hi wih Re Se M a
ni a i che
t ihi
i s eltons p t d a nage t Lt ,a
men , d.
Cosa Rian as e pr ec i c
t c
s t ot ton ompa r by c De e ntJ nahan Cur he an c r na i
ny un
o- f nda o t
s n, d oo di tng

afleme i c mp in f rteC0 Te hso k.1 ! 1 1 ) Beo et eCo r n w i Plitf
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t
and's or f t k r ud ha
ves rikily nfai he ie n
t k h ough
f s a miladi postvesae t,i o de t s l t che pl pmcha e soc a ahi rprc Onc t
ale nd se ng ii ttmens n r r o elhe a y
s d t k t ghe ie. e he
opeat soft s meç
r or he che s
dump't i ove vaue s es t prc f l a i t sl et i mone
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y.
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cha l

tealg to .DE / 9 DE / 4; M 2. n yMoae S lz rdi no a s rh S Sc mpan a dh da
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S to o u r
j d meta ans J n ta Cu s na rh wa c nvce o c npia yt c mmisc rte fa di arltd
u g n g i t o ah n rhe Re e s o itd f o s rc o o t e u iis ru n eae

SEC' M o i f Sum ma y J m e ag ns De e nt Zi
S ton or
r udg nt ai t f nda s gdon a De enda W enbaun.
nd f nt i t
Thef l ng f c sa e undiputd.5
olowi a t r
s e

I .UNDI
I
SPUTED M ATERI FACTS
AL
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s te onc ns he ae
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d

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fn a t i al lo s e h r o e iw n
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m si , e
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/

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t we ie r e r d t C02 Tec spu pored c r t a ci s:
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i l ve he l

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t a xe sv is a d x e in e t l j r i o lto o to
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l s old ri es
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7

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ma acur a m a ke hi quaiy i tu e s s t msand s vce t s
nuf t e nd r t gh- lt nsr m nt, yse
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( e . , 0 7s re h t fh /F b 2 2 0 ce ns o o ûp:
/

.o -e h.o c mp y r fl .t , #7 - a 1 0)
c z tc c e o r o o ehmlDE 0 6, t 2 .

On J nua y 25, 2007, t C02 Te h we ie we lve Tha s m e da De e mt
a r
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ny,
s it , nt r d nt t uli gr emt ' t
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r by
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mac e ta e i e c a g f r$ 7 ,0 .0 ( ed n al Die t7 2-7 2 ) Th n x d y
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m
J uar 26,2007,Re Se be n t s l C02 Te soc i o t publcmake.( intTrde
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po q
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ke
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C02 Tec pr s r l s s r gar ng C02 Tec s pur t busnes r ato hi al a tvii .
h e s eea e e di
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( c mal p.1 6 2 1 ;J n 31 20 7Emalfo Ho h m t Ya ub v DE # 0 6 a 1 4 .
Ho h rDe 7:- 6:6 a , , 0
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7 -, t 7 )
On J nua y 30,2007,C0 Tec is d a pr s r e e sa i t t< i s i e e thas be n
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2
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7 - s t 5 ) Th t a , d a od r
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h n l o h rs t e tc no h r e. Cl t a e p r, 7 - , t 7 .
l
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Thene da C02 Tec is d a he pr s r l s cli i t tC0 Te ç l e bi
xt y,
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8

Boeng' Re ew i Q2/ ' e s Ree e,DE #70 6,a 1 .The pr s rl s quot
i s vi n 2007'Prs las
- t 52)
es eea e
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n e it n cin ha mpl ny so ito ewe n en n 2 c ' F b 5, 0
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Ba r t 33 3 e lo i n u t 7 ) Ba a , t 4 ) h r e tf d h t
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y
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W enbaum and Zi
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gdon.And t r c d la s no quesi t t De e nt W enba a
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ton ha
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Zid nv oae Se to 5a Se to 1 ()o te S cliisAc,S cin 1 ( )o teEx ha g
g o i ltd ci n nd ci n 7 a f h e t te t e to 0 b f h c n e
r
Ac ,a Rul 10 5.The unc e t d fndi of f t co lt c uson t tt SEC'
t nd
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s ue
m s

1 1 LEGAL STANDARD
1.

Su r j d me ti a r p it wh r t ep e dn sa d s p o t gmae il e tb ih
mma y u g n s pp o rae ee h la ig n u p ri
n tras sa ls
t tt r i no ge ne is as t a ma e i f c a t tt movi pary i e il d t
ha he e s
nui s ue
o ny t ral a t nd ha he
ng t s ntte o

j d me ta amatro lw.S eF d R. v. 5 ; l txCop. .Catet 4 7U. 31 , 2
u g n s te f a e e . Ci P. 6 Ceoe r v r t, 7 S. 7 3 2

( 9 6 .t eo t ep i cp l u p s so t s mmayj dg n r l i t ioaea dd s o eo
1 8 )S
on f h rn ia p r o e f he u r u me t ue s o s lt n ip s f
f cualy uns
at l
uppore cai orde e e 'Cel e 477U . a 3 -2
td l ms
f ns s. otx,
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S. t 23 4.
The m ovi pa t be s t b de ofpoi i t t pa toft r co d t s
ng ry ar he ur n
ntng o he r
he e r hat hows t
he
a e e ofa ge ne i s ofma e i lf t
bs nc
nui s ue
t ra ac .SeeAdike v S. Kr s t Co. 398 U. 1 1
c s . H
es f
,
S. 44, 57

( 9 0 ; ln v T s n Fo d ,f c,1 F.d 6 2,6 6 ( 1h Ci.1 9 ) On et emo ig p r
1 7 ) Ale . y o o s n . 21 3 4 4 1 t r 9 7 . c h vn a t
y
esa ihest a e ofa ge ne is ofma e i lf c ,t bur n s fst t nonm ovi
t bls he bs nce
nui s ue
t ra a t he de hit o he
ng
pa t t go be
ry o
yond t pl a ngsa de i t ds cii f c s s
he e di
nd sgna e çpe fc a t howi t tt r i a ge ne
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nui

is ef r ra. Ceoe , 7 U. a 3 4 s eas Ch n lI c v Ial nAcie a o a, n .
su o til' l tx 4 7 S. t 2 ; e lo a e, n . . t i tv we r fFl.I c,
'
a
9 1F. 1 2,1 7 ( 1h Ci.1 91 ( lig t tte n n vn p ry mus ç o f nv r
3 2d 47 4 7 1 t r 9 ) hodn ha h o mo ig a t
t i me o ad
c
wi sg iia tp o aiee ie c d mo tai t ee itn eo atib eis eo fc.)
t infc n , r b tv vd n e e nsr t h x se c f ra l su f a t'.
h
ng
'

ç t r j g n ma b i a prprae e n wh r t e pate a r e o te b sc
ç t y ud me t y e n p o it ve ee h ris g e n h a i
s mma
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a t,
s r boutt f c ua i e e st ts d be dr wn fom t s f t ' War i
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' ror

T mbgb e T a s Co,I c v M/ Na Fu g,6 5 F.d 1 9 ,1 9 ( 1h Ci.1 3 .On a
o i e r np. . n . . V n n 9 2 2 4 2 6 1 t r 98 )

moinf rs mmayj d me t tec u t s ve t e i n ea dr s l al ne e c si te
to o u r u g n ,h o r mu t iw he vde c n e ove 1 i fr n e n h
lgh mos fvor bl t t nonm o ng pa t Se Ande s v fi ry Lobb I . 477 U. 242,
i t t a a e o he
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ry. e
r on . be t
y, nc,
S.

25 ( 9 6 .Ho v r ame es itl o e ie c i s p o to ten n vngp ry' p sto
5 1 8 ) we e, r cnil f vd n e n u p r f h o mo i a t s o iin
a

i i u fce tt d fa amo in frs mmayj d me t Se i.a 2 2 l te e ie c o f rd
s ns fiin o ee t to o u r u g n . e d t 5 . f h vd n e fe e
b ten n vn pat i meeyc lr beo i no sg iia typ o ai e s mmayj d me t
y h o mo ig ry s rl oo a l r s t in fc n l r b tv , u r u g n

i pr pe . ei a 249-5
s o r Se d. t
0.
l D I CUS I
V. S S ON

Asa i tDe enda s W enbaum a Zi
gans f nt
i
nd gdon,Pli ifSEC al
a ntf
legesvi a i ofSe ton
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ci

1 ()a dRue 1 b- ofteEx h n eAc,1 U. C. 7 jb ;1 C. R. 2 .0 5 ( t I;
0 b n l 0 5 h c a g t 5 S. j 8() 7 F. j 40 1 b- , Comt )
S cins1 ()1, 2 a d ()o t eS c te Ac,1 U. C. 7 q a( ) ( )& () ( u t1)
e to 7 a( ) ( ) n 3 f h e miis t 5 S. j 7 ()1 , 2 3 , Co n 1;
a d S cins5a a d ()o te Se u ie Ac l U. C.j 7 ea & () ( u tl .Aste
n e to ( ) n c f h c rt s t 7 S.
i
7 () c , Co n V) h
m ovi pa t Pl i if SEC bea s t bu de of de onsr tng t tt r i no ge ne is
ng ry, antf
r he r n
m ta i ha he e s
nui s ue
aboutany ma e i lf c ne es a y t esa ih labiiy f De e ant W e nba and Zi
t ra a t c s r o t bls i lt or f nd s i um
gdon.

Pl i ifSEC ha me t sbur n;t De e nt havef l t i ntf s c fc diput f ct.
antf
s t hi de he f nda s
aied o de iy pe ii s ed a s
Thr
oughou t dicove y pe i De e nt W enbml a Zi
t he s r
rod, f nda s
i m, nd gdon i ke t r Fi
nvo d hei ûh
Am e
ndme rghtag ns s fi rm i ton i r pons t que tons r e
nt i
ai t el-nc i na i n es e o
si
elvantt t sa ut r
o he tt o y
vi ai .I wasnotu i t mont a trt c os ofdic r t tDe e
ol tons t
ntl wo
hs fe he l e
s ove y ha f ndan s W e nbml
t
i m
S ton or l r udg nt nd he ei
a Zi
nd gdon fl d r s ns s t Pl i if SEC' M o i f Slm ma y J m e a t r n
ie e po e o antf
r r r d ha he car tons
a tmpt d t c e e f t is s Acc di y, t s Cou t o de e t t t de l a i of
te e o r at acual s ue .
or ngl hi

Dee da t W en a m a d Zid n b sr c fo t e r c r ( e DE #1 7 .Ta n al
fn n s ib u n g o e tu k r m h e o d. Se
5 ) kig 1
evi nce i t lg m os f vor bl t t De enda sW enbalm a Zi don,t Cour fnds
de
n he iht
t a a e o he f nt
i l nd g
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ti

ta Plitf SEC i e ildt j d me ta amatro 1w a t De e d n s l bl yf rCo t
h t an if
s nt e o u g n s te f a s o f n a t' i it o uns
t
a i
1 l, ut l/
, 1 f ll h .

A.

Count Iand 1 - Ant- ud Pr sons
s
1
iFra
ovii

Se to 1 ()a d Rue 1 b- o teEx h n eAc prh btflesae n sa d make
cin 0 b n l 0 5 f h c a g t o i i as ttme t n r t
m a pul to .6 Spe ii ly, Rul 1 5 i ntfes wha c tt t m a ke ma pulton a
ni ai n
e 0b- de ii
t onsiu es r t ni a i nd
c fca l

6s cin1 ( )o teEx h n eAc ma e iu a u fra ypesn:
eto 0 b fh c a g t k s t nlwfl o n ro

m a si unl wf f rape s diecl ori r c l
ke t a ul o
r on r ty ndie ty:

()Toempl a de ce s he oratfc t defaud,
a
oy ny vi , c me, riie o r
( To ma a t r sae ntofamaera f to t omi t saea matra fc
b)
ke ny mtue ttme
t il ac r o t o tt
eil a t
nec s ar i or rt m a t saeme sm a ,i t lghtoft cr umsanc s l r
e s y n de o ke he t t nt de n he i
he ic t e mde

whih t y we em a notm il di or
c he r de,
sea ng,

()To e g g i a ya tprcie o c u s ofb sn s whiho rtso wo l o eae
c
n a e n n c, a tc , r o re u ie s c peae r u d p rt
as a faud or de ei upon any pe s i c
r
c t
ron, n onne i n wih t pur ha e or s e of a
cto
t he c s
al
ny
s c liy.
e trt

1 C. R.j240.0b7 F.
1 5.

S cin 1 ()o te S c rt sAc i o e smia p o iiin . e tbih avo ain
e t 7a f h e u ie t mp s s i lr r hbto s To sa ls ilto
o
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r 27 2 0 ) q o ig e a . s a e n 1 n .25 3 9 20 1 t r 20 :.
e tbihavoaino S ci n 1 () 1 o ( )a d Rue 1 b 5a o ( ) t SEC mu tp o et a
sa l
s i lto f e to 7 a () r 3 n l 0 -( ) r c,he
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t
s
i v so rla c ,l s c u ain o d ma e 'i a to s u d r 1 ( )o 1 ()' S v K.'
n et r ein e os a s to r a g s n cin n e 0 b r 7 a . EC . I
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to s r mpo i o n cin t h uc ae r ae f n eu i
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r gitr on anatona s urtese hangeora s urt no s r git e ...a mani ai or
e seed
i l ec ii xc
ny ec iy t o e serd
ny
pultve

de e t ed vc o c nrv n ei c nrv nino s c rlsa drguain a te(EC)ma pecie
c pi e ie r o tia c n o ta e to f u h ue n e lt s s h S
v
o
y rsrb

1 b 5a a d ( )d e n trq ie misae n o o sin t h veb e ma e drcl b t e
0 - () n c o s o e ur sttme t r miso o a e n d ie ty y h

dee a t;ti t i da b o d rfa d ln s h me 'ta S cin 1 ( )2 a d Rul 1 b- ()
fnd ns i s t me t r a e ru ue t c e s'h n e to 7 a () n
a
e 0 5b .
S v Le , 2 F. pp 2 3 5 3 5( D. Y. 0 .
EC . e 7 0 Su . d 0 , 2 S. N. 201 )
A ptmp-ndl a dump soc s he i a c a scvi a i oft e pr sons The a tonsof
t k c me s l s i olton hes ovii .
ci

De enda sW ei lm a Zi
f nt
nbal nd gdon r peae y vi a e t a ifa pr sonsoft Sec ii
e tdl olt d he nt-r ud ovii
he urtes
Ac a Exc
t nd
hange Ac .De enda s W enbaum and Zi
t f nt
i
gdon co red CO2 Te i o a publc
nve t
ch nt
i
c
ompany by i tuci De e
nsr tng f ndan Kr m et fnd a publc s l co or ton;ope d a br ke a
t o oi
i he l m ai
ne
o r ge
ac oun a Re Se m a ge e t f c ltt t sock mani ato a diece m achi buy
c t t d a na m nt o a iiae he t
pul i n; nd r t d t ng

and s lor e st a tfcaly i e CO2 Te h' s oc val I vi ly,De e ntW enbal
el d r o rii i l n:at
c s t k ue. ndi dua l
f nda
i r
ta f re m o y t De e ntKr ef t s lpur ha ea hie Def nda W ei nbal
r ns e r d ne o f nda
om or he hel c s nd r d
e nt de lm
t pr
o omot t sock a he p or nie buy a s l or r .Def nda Zi n or hesr t t
e he t
nd l ga z
nd e l de s
e nt gdo c taed he
f le medi c mpagn s r mdi CO2 Te h.Tha i l
as
a a i urot ng
c
t ncuded ara ng f t posi ofa f s
r ngi or he tng
ale
we ie f C02 Tec t tt e t tng- dget c ol ca deve o e s' f t is ng
bst or
h ha out d ç i e
cut
e hn ogi l
l pm nt 'and or he s ui
of pr s r e es t t cli e fc ii us ac e m e s s h as tCO2 Te h' ne s u i t
es elas ha am d i tto
hi ve nt uc
$
c s w ol ton o
r duc polutng gas s e itd fom a r a a hi att ' ha ng çc ptte 't a tnton
e e li
e m te r
iplnes t gh liudes' vi ça tr d' he te i
oft Boeng Co ny.
he i
mpa

The e undiput f c sl a no doubtt tDe e nt W enba a Zi don vi atd
s
s ed a t e ve
ha f nda s i um nd g
ol e

Se to 1 ( )a d Rue 1 b 5 o t Ex ha g Ac a d Se to 1 o te S c rt sAc.Th t
cin 0 b n l 0 - f he c n e t n ci n 7 f h e u ie t a
i
De e nt W enba a Zi
f nda s i um nd gdon m a pult d t soc o a no xit t c or ton,wih
ni ae he t k f
ne sen om a i
t
he qu tr t twe e not ngm or t amai d o a apur td m a acurng f ciiy t t
ad are s ha r
hi
e han
l r p nd
pore
nuf t i a lt ha
coul notbel a e m a st i vi a i a1t m o ec e r
d
oc t d, ke her oltons 1 he r l a .

a nec s a yora opra ei t publci e e to f rt pr t to ofi sor .
s esr
ppr it n he
i ntr s r o he oecin nve t s

B.

CountI - Se ton 5 ofSe ur te Act
V
ci
c ii s

Se to 5 of t Sec iis Ac pr bis any s e whet die or i r t of a
ci n
he
urte
t ohi t
al,
her r ct
ndiec ,
n
unr it e s urt Libiiy f ofe or a s le si src ,f e r e sof...any deg e of
eg ser d ec iy. a lt or f r s nd e lr s tit t ga dl s
r
re

f tneglge ori entona,ont sle ' pat'SEC v.Calo,378F. 1 1 1 2 ( 1h Ci.
aul, i nt nt i l he elrs r.
'
v
3d 21 , 21 1 t r

2 0 )( o ig S n o v En ltd, 2 F.d 4 1 4 4 ( t Ci.1 8 :.( et e n gie e
0 4 qu tn we s n . gesa 6 6 2 2 , 2 5h r 9 0 W ih r e l nc
g
nors int ri a elm e of a prma f c e c e unde Se ton 5 oft Se urte Ac . SEC v
ce e s n e nt
i a i as
r ci
he c iis t'
'
.

Fre dyPo rCo, 9F. p . d 1 6 ,1 6 ( D. a l 9 ) Toe tb ihap i f cec s ,
in l we .4 Su p 2 3 3 3 7 S. Fl. 9 9 . sa ls rma a i a e
te S mu ts o ta ;t1 s c rte weeo fr do s l f rwhc n r gsrto sae n
h EC s h w h t $ ) e u iis r fee r o d o ih o e itain ttme t
(

wa fld o i ef c;( )t e o frng o s l wa ma e tr u h t e me n o i tu n so
s ie r n fe t 2 h fei r ae s d h o g h a s r nsr me t f
ta s rai no c mmu iaini itrtt c mmec o t emal; n ( )d fn a t, rcl
rn po tto r o nc to n ne sae o re r h is a d 3 e e d n s die ty
or i r c l ofe e or s d t s c ii . 1 The de enda ne d notha diecl s d t
ndie ty, f r d
ol he e urtes' d.
'
f nt e
ve r ty ol he
unr gitr d s urt l fi ca be s wn t the wasa l c s r pa tcpan 'ora çubsa il
e se e ec iy ç t n
i
ho ha
ne es a y ri i t
s t nta

fco 'i t ofei ors lng.... I at1 2 ( i SEC v Holc h,694 F. 1 139
a tr n he frng eli
' d 37 quotng
'
. s hu
2d 30,

( t Ci. 98 ).
7h r 1 2 )
I i undiput t t CO2 Tec s soc wa no r git r d a t t f t r a ons
ts
s ed ha
h' t k s t e s e e nd ha , or he e s
dic s d i PM lIA,De e
s us e n
I.
f ndan s W enba a Zi
t
i um nd gdon we e,a t ve y l a t nec s r
r t he r e s , es a y
pa tcpant a s t tal f c o s i t i e sae s l of t unr se ed s urtes I
rii s nd ubsan i a t r n he ntr t t a e
he
egitr ec ii . n
pariul ,bot Def nda schos t open an ac ountf CO2 Te h wih Re Se M a eme
tc ar h
e nt
eo
c
or
c
t d a nag nt
t f c lt t t plmp- nd- ump s he e i vi ly,De e nt W enba pr de s ii
o a iiae he z a d
c m ; ndi dual
f nda
i um ovi d pec fc
buyi a s li i t u tons f t ma c ng or r ,r s tng i t Re ds Gr al
ng nd e lng nsr c i
or he t hi
de s e uli n he ynol
oup one
buyi 1. milon s r s i a sngl da a De e ntZi
ng 2 li ha e n i e y, nd f nda
gdon or hesr t t f le medi
c taed he a s
a

1 U.. j7 jb .
5 SC. 8()

ca i t i lt i e e ti t pur has ofCO2 Te h s r s.Ass h, t t ont se f c s
mpa gn o nfa e nt r s n he c e
c ha e
uc he mc e t d a t
esa ih t tDeenda sW enbal a Zi n vi ae Seci n 5 oft Se m ii sAc .
t bls ha f nt
i tm nd gdo olt d to
he c te t
V .CONCLUS ON
I

Ac r ngl afe c e ul r e of t r co d a t Co t beng ot r s f l
co di y, tr ar f eviw
he e r nd he ur i
he wie uly

a vs d i i ORDERED,ADD DGED,a DECREED t a s mmayj d me tb ,a d te
d ie , t s
nd
ht u r u g n e n h
s me i he e ENTERED i f vor of Pli if Se m ii a Exc nge Comm ison a
a
s r by
n a
antf c tes nd
ha
s i nd

a an tDee d nsW en a m a dZid n a t Dee a t'l blt u d rSe to 5 a d 1 ()
g is fn a t ib u n g o s o fnd n s i i y n e cin n 7 a
a i

o t e Se miisAc,Se to 1 ( )ofte Ex h n e Ac ,a d Ru e 1 b 5 Th sOpiin a d
f h c te t cin 0 b h c a g t n l 0 - . i n o n
Or rdoe N OT add e st r ift be a r d t t SEC a ag i tDe e nt W zi tm
de
s
r s he ele o
wa de o he
s a ns f nda s
nba l
a Zi
nd gdon.Suc r le wilbede e m i d i f t epr ee ngsor r by t Cour.
h e if l
t r ne n u ur oc di
de ed he
t
DONE and ORDERED i c mbe s a t J
n ha r t he ames La e
wr nce Ki Fede al J tce
ng
r usi

Buidi a Unie Stt Courho e, im i Fl i , hi 28h da ofAugus, 201
l ng nd td aes
t us M a , orda t s t y
t
2.
t

J
AMESLAWRE KI
NCE NG
U. DITRI COURT
S. S CT
SOUTHERN D I TRI OF FLORI
S CT
cc M agi t at Judge C hri M .M cAll y
:
sr e
s
ie

Co ns l o Pl itf
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Ri har E .Si ps
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m on
Sectii s& Exc ngeComm ison
trte
ha
si
1 F Stee NE
00
r t
M a lSt 401
i op
0
W a hi on,DC 205 961
s ngt
49- 3
202- 551 4492Fa 202- 9246
x:
772-

Emal smp o r scg v
i: i s n @ e .o
Co ns l o De n a Zi o
u ef r fe d nt gd n

M i hae Spi el an
c l g m
20 Li l Ste t Te Avi
nco n r e , l v
I r el671 4
sa
3
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2- Fa 97 3- 25 9
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char
ne ods
Th Br ky La Fim ,PL
e ods
w r
200 So h Bic yneBoulva d
ut s a
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Suie 1
t 930
M im i FL 33131
a ,
786- 33
220- 28

Emalr r d k @te r d k lws= .o
i:b o s y h b o s y a
cm
Dee d ntWen au
fna
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A rav W e nbaum
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PO B 11
66
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s
i
0
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