CIVIL CLERK’S MINUTES - EVIDENTIARY HEARING ON REMEDIES PORTION OF TRIAL
9:05-9:30 a.m.Opening Statement by plaintiff.
9:30-9:50 a.m.Opening Statement by defendants Big Apple Consulting, MJMM Investments and Marc Jablon.
Defendants advise the Court that they stipulate as to the penny stock bar and are willing to discuss stipulating to injunctive relief.
9:50-11:00 a.m.Court recesses to allow counsel and parties to discuss terms of stipulation and injunction.
11:00-11:05 a.m.Parties read stipulation into the record.
With respect to the Defendants Marc Jablon, Big Apple and MJMM, the parties have stipulated there will be a permanent penny stock bar. Defendants have agreed to a permanent injunction. There will be $5.4 million in disgorgement and prejudgment interest that will be jointly and severally liable against Marc Jablon, Big Apple Consulting and MJMM Investments and a penalty, the amount to be determined after briefing by the parties.
With respect to the defendant's Mark Kaley and Keith Jablon, they have stipulated to a permanent injunction and a penalty in an amount to be determined by the Court after briefing.
With respect to defendant Mark McGuire, a permanent penny stock bar, a permanent injunction and a penalty, again, to be determined by the Court after briefing. With these stipulations, there is no need for a hearing
today.
Court requests stipulations be filed in writing within ten days from today’s date.
11:10 a.m.Court adjourned.
Extract -
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