Securities and Exchange Commission v. Femenia et al

Filing 173

ORDER denying 137 Motion for Civil Penalties against Defendants James A. Hayes and Frank M. Burgess, and the Court hereby declines to impose civil penalties against these defendants. Signed by Senior Judge Graham Mullen on 4/1/2014. (eef)

IN THE UNITED STATES DISTRICT COURT
FOR THE WESTERN DISTRICT OF NORTH CAROLINA
CHARLOTTE DIVISION
3:12CV803
SECURITIES AND EXCHANGE
COMMISSION,

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Plaintiff,
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Vs.
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JOHN W. FEMENTIA, et al.,
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Defendants,
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And
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KRISTINE LACK and CHRISTINE
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MUSANTE,
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Relief Defendants.
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____________________________________)

ORDER

This matter is before the Court upon Plaintiff’s Motion for Civil Penalties against
Defendants James A. Hayes and Frank M. Burgess. A hearing was held in this matter on
April 1, 2014. For the reasons stated in open Court,
IT IS THEREFORE ORDERED that Plaintiff’s motion is denied and the Court
hereby declines to impose civil penalties against these defendants.
Signed: April 1, 2014