SECURITIES AND EXCHANGE COMMISSION v. LIBERTY et al

Filing 181

MEMORANDUM AND ORDER THAT PETITION FOR CONTEMPT (DOC. 83) IS GRANTED. DEFENDANT LIBERTY IS HEREBY ORDERED TO PAY $5,356,335 IN REINSTATED DISGORGEMENT. DEFENDANT LIBERTY IS ALSO ORDERED TO PAY A CIVIL PENALTY IN THE AMOUNT OF $4,049,000. 00 . DEFENDANT LIBERTY IS ORDERED TO PAY POST JUDGMENT INTEREST UPON BOTH OF THESE AMOUNTS, RUNNING FROM THE ORIGINAL ENTRY OF FINAL JUDGMENT ON 6/9/2010 THROUGH TO THE DATE OF THIS ORDER. SIGNED BY HONORABLE GERALD A. MCHUGH ON 3/7/22. 3/8/22 ENTERED AND COPIES E-MAILED.(rf, ) Modified on 3/8/2022 (rf, ).

IN THE UNITED STATES DISTRICT COURT
FOR THE EASTERN DISTRICT OF PENNSYLVANIA
SECURITIES AND EXCHANGE
COMMISSION,
v.
MICHAEL A. LIBERTY, et al.

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CIVIL ACTION
No. 06-1030

ORDER
This 7th day of March, 2022, it is hereby ORDERED that Plaintiff SEC’s petition for
contempt of the Consent and Final Judgment (originally filed at ECF 83) against Defendant
Michael Liberty is GRANTED. Defendant Liberty is hereby ORDERED to pay $5,356,335 in
reinstated disgorgement. Defendant Liberty is also ORDERED to pay a civil penalty in the
amount of $4,049,000. Furthermore, Defendant Liberty is ORDERED to pay post-judgment
interest upon both of these amounts, running from the original entry of Final Judgment on June 9,
2010, through to the date of this Order. The SEC shall submit a proposed calculation of interest.

/s/ Gerald Austin McHugh
United States District Judge