Securities and Exchange Commission v. Medient Studios, Inc. et al

Filing 52

FINAL JUDGMENT in favor of Securities and Exchange Commission against Medient Studios, Inc. re 51 Order. (loh)

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AO 450{GAS Rev 10/03)Judgment in a Civil Case United States District Court Southern District ofGeorgia Securities and Exchange Commission JUDGMENT IN A CIVIL CASE V. CASE NUMBER: CV416-253 Medient Studios, Inc. □ 12] Jury Verdict. This action came before the Court for a trial by jury. The issues have been tried and the jury has rendered its verdict. Decision by Court.This action came before the Court. The issues have been considered and a decision has been rendered. IT IS ORDERED AND ADJUDGED that in accordance with this Court's Order dated August 3,2018, Plaintiffs Motion for Default Judgment is Granted. Defendant is liable for disgorgcment of $885,000, representing profits gained as a result of the conduct alleged in the Complaint, together with prcjudgmeni interest thereon in the amount of $54,368.73, for a total of $939,368.73, and a civil penalty in the amount of $885,000.00 pursuant to Section 20(d) of the Securities Act and Section 21 (d)(3) of the Exchange Act. August 3, 2018 Scott L. Date Deputy 0erk GA£Rev lO/UOJ

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