Defendant Name:
Alexander Aurovsky
Defendant Type:
Individual
Document Reference:
court_doc193_19-cv-05705
Document Details
Legal Case Name
SEC v. Anatoly Hurgin, Alexander Aurovsky, Ability Computer & Software Industries Ltd, and Ability Inc.
Document Name
Final Judgment as to Defendant Alexander Aurovsky
Document Date
30-Mar-2023
Document Format
Civil Proceeding
Case Number
19-cv-05705
Federal District Court
New York, Southern District of New York
Federal District Judge
Mary Kay Vyskocil
Allegation Type
Issuer Reporting and Disclosure
Disgorgement & Penalty Information
Resolutions
Enjoinment
The Court ordered: "This order of disgorgement (as well as the order of disgorgement set forth in the Final Judgment as to co-defendant Anatoly Hurgin) shall be deemed fully satisfied by the distribution of no less than $6,500,000.00 to the Commission from the funds held in the put escrow account at the Hermetic trust services 1939 (Ltd.) (the “Put Escrow Account”) which distribution is subject to a motion by Ability’s court-appointed trustee and approval of said motion by the Tel Aviv-Jaffe District Court (the “Israeli Bankruptcy Court”) in the liquidation proceedings known as In re Ability Inc., insolvency case number 39303-07-33 (the “Israel Liquidation”)."
Monetary Penalties:
Disgorgement
Individual:
$9,075,000.00
Shared:
Pre-Judgment Interest
Individual:
$3,094,655.05
Shared:
Total Penalty
Individual:
$12,169,655.05
Shared:
Other Defendants in Action:
