All/ NASD/ prospective short sellers, HEAR THIS.
Re: The 1989 case.... The very person who has recklessly accused SOLV management of fraud and deceit WITHOUT ANY EVIDENCE TO SUPPORT HIS CLAIMS was found GUILTY (that's GUILTY!) of the same. If reporters and editors were interested in reporting facts I doubt they would EVER offer someone like Asencio a forum to spew his BS. Additionally, I wonder if Manuel Asencio ever disclosed the information below to the NASD? And lastly, why on earth did he change his name from Asencio to Asensio?
________________________________________________
Norman Murphy, Plaintiff
vs.
Steinberg & Lymas, etc.,
Defendants
FINAL JUDGEMENT
FINDINGS OF FACT
__________________________________________________
This case was tried to a jury on March 27 1989, and testimony was presented by both the Plaintiff, Norman Murphy, and Robert Kilbride.
This court, having heard and considered the testimony, including but not limited to Robert Kilbride's statement that the Defendant admitted the willful and intentional acts of the Defendants resulted in the Plaintiff's loss, this Court specifically finds that the claimant has demonstrated to the Court by clear and convincing evidence that the award is not excessive in light of the facts and circumstances which were presented to the trier of fact.
THEREFORE, pursuant to the verdict rendered in this action on March 27, 1989, it is hereby
ORDERED AND ADJUDGED that Plaintiff, NORMAN E. MURPHY, recover from Defendant, MANUEL P. ASENCIO, the sum of Forty Eight Thousand Two Hundred Fifty Dollars ($48,250.00) in compensatory damages and the sum of Two Hundred Thousand Dollars ($200,000.00) in punative damages for FRAUD and DECEIT, the total judgement being fo the sum of Two Hundred Forty Eight Thousand Two Hundred Fifty ($248,250.00), that shall bear interest at the rate of twelve percent (12%) a year, for which let execution issue.
DONE AND ORDERED at Stuart, Martin County, Florida, this 3rd day of April, 1989.
John Fennelly, CIRCUIT JUDGE
_________________________________________
More confident than ever!
Dave |
