Securities And Exchange Commission v. Marovitz

Filing 5

MOTION by Plaintiff Securities And Exchange Commission for judgment to be entered (Attachments: # 1 Exhibit 1, # 2 Exhibit 2)(Hartman, Amy)

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UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. WILLIAM A. MAROVITZ Defendant. ) ) ) ) ) ) ) ) ) ) Case No. 1:11-cv-05259 Honorable John W. Darrah MOTION FOR ENTRY OF AGREED FINAL JUDGMENT Plaintiff Securities and Exchange Commission (“Commission”) hereby moves as follows: 1. The Commission has reached a settlement with Defendant William A. Marovitz (“Marovitz”). As reflected in the agreed Final Judgment that the Commission attaches as Exhibit 1 to this motion, the settlement would include, among other terms and conditions, liability for Marovitz to pay disgorgement of $100,952.40, together with prejudgment interest thereon in the amount of $34,235.83, and a civil penalty in the amount of $33,163.90, for a total of $168,352.13. 2. The Consent of the Defendant, entered into in conjunction with the settlement, is attached as Exhibit 2 hereto. 3. Entry of the agreed Final Judgment will completely resolve this matter. WHEREFORE, Plaintiff Securities and Exchange Commission respectfully requests that the Court grant its motion, enter the agreed Final Judgment with respect to Defendant Marovitz, attached as Exhibit 1 hereto, and grant such other further relief as the Court deems just and proper. Respectfully Submitted, /s/ Amy Flaherty Hartman James A. Davidson (Illinois Bar No. 6206786) Amy Flaherty Hartman (Illinois Bar No. 6274926) Securities and Exchange Commission 175 West Jackson Boulevard, Suite 900 Chicago, IL 60604 Tel.: 312-886-1457 Fax : 312-353-7398 Date: August 3, 2011 2

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