Securities Enforcement Empirical Database (SEED)

Defendant Name: Louis R. Tomasetta

Defendant Type: Individual

Initial Case Details

Legal Case Name SEC v. Vitesse Semiconductor Corporation, Louis R. Tomasetta, Eugene F. Hovanec, yatin D. Mody, and Nicole R. Kaplan

First Document Date 10-Dec-2010

Initial Filing Format Civil Proceeding

Case Number 10-cv-09239

Allegation Type Issuer Reporting and Disclosure

Federal District Court New York, Southern District of New York

Affiliations

Former: Director—No Specific Position Named in Document at Vitesse Semiconductor Corporation (Until May 17, 2006)
Former: CEO at Vitesse Semiconductor Corporation (Until May 17, 2006)
Former: President at Vitesse Semiconductor Corporation (Until May 17, 2006)
Current: Founder at Vitesse Semiconductor Corporation

Violations Alleged

Exchange Act

• Sec 10(b) + Rule 10b-5

• Rule 13a-14

• Sec 13(b)(5)

• Sec 14(a)

• Rule 14a-9

Securities Act

• Sec 17(a) (Not specified)

Other

• Section 16(a) Exchange Act; Rules 13b2-1, 13b2-2, 16a-3 Exchange Act

Related Violations Alleged

Louis R. Tomasetta is alleged to have aided and abetted an unidentified individual or entity's violation of Sec 10(b) + Rule 10b-5 of the Exchange Act.

Louis R. Tomasetta is alleged to have aided and abetted Vitesse Semiconductor Corporation's violation of Rule 12b-20 of the Exchange Act.

Louis R. Tomasetta is alleged to have aided and abetted an unidentified individual or entity's violation of Rule 12b-20 of the Exchange Act.

Louis R. Tomasetta is alleged to have aided and abetted Vitesse Semiconductor Corporation's violation of Sec 13(a) of the Exchange Act.

Louis R. Tomasetta is alleged to have aided and abetted an unidentified individual or entity's violation of Sec 13(a) of the Exchange Act.

Louis R. Tomasetta is alleged to have aided and abetted Vitesse Semiconductor Corporation's violation of Rule 13a-1 of the Exchange Act.

Louis R. Tomasetta is alleged to have aided and abetted an unidentified individual or entity's violation of Rule 13a-1 of the Exchange Act.

Louis R. Tomasetta is alleged to have aided and abetted Vitesse Semiconductor Corporation's violation of Rule 13a-13 of the Exchange Act.

Louis R. Tomasetta is alleged to have aided and abetted an unidentified individual or entity's violation of Rule 13a-13 of the Exchange Act.

Louis R. Tomasetta is alleged to have aided and abetted Vitesse Semiconductor Corporation's violation of Sec 13(b)(2)(A) of the Exchange Act.

Louis R. Tomasetta is alleged to have aided and abetted an unidentified individual or entity's violation of Sec 13(b)(2)(A) of the Exchange Act.

Louis R. Tomasetta is alleged to have aided and abetted Vitesse Semiconductor Corporation's violation of Sec 13(b)(2)(B) of the Exchange Act.

Louis R. Tomasetta is alleged to have aided and abetted an unidentified individual or entity's violation of Sec 13(b)(2)(B) of the Exchange Act.

Resolutions

Bars:

Bar from acting as Director or Officer of a public company for 10 years

First Resolution Date 08-Aug-2014

Headline Total Penalty and Disgorgement $6,267,545

Other Defendants in Action:

Vitesse Semiconductor Corporation

Eugene F. Hovanec

Yatin D. Mody

Nicole R. Kaplan

Related Actions:

In the Matter of Nicole Rae Kaplan, CPA