Defendant Name:
Pegasus Wireless Corporation
Defendant Type:
Public Company
Document Reference:
court_doc133_09-cv-02302
Document Details
Legal Case Name
SEC (Plaintiff) v. Pegasus Wireless Corporation, Jasper Knabb, and Stephen Durland (Defendants) and Aero-Marine, LLC and Tammy Knabb (Relief Defendants)
Document Name
Default Judgment Against Defendant Pegasus Wireless Corporation
Document Date
12-Aug-2011
Document Format
Civil Proceeding
Case Number
09-cv-02302
Federal District Court
California, Northern District of California
Federal District Judge
Jeffrey S. White
Allegation Type
Issuer Reporting and Disclosure
Document Summary
On August 12, 2011, the Court issued a final judgment against Pegasus Wireless Corporation stating: "the Court finds that the well-pleaded allegations of the Complaint are sufficient to find that Pegasus committed the violations of the federal securities laws alleged against it in the Complaint in this action and that, unless it is permanently restrained and enjoined, there is a reasonable likelihood that Pegasus will commit further violations of such laws."
Disgorgement & Penalty Information
Monetary Penalties:
Disgorgement
Individual:
$5,750,000.00
Shared:
Pre-Judgment Interest
Individual:
$2,038,927.48
Shared:
Total Penalty
Individual:
$7,788,927.48
Shared:
Other Defendants in Action:
