Defendant Name:
SCWorx Corp.
Defendant Type:
Public Company
Document Reference:
court_doc4_22-cv-03287
Document Details
Legal Case Name
SEC v. Marc S. Schessel and SCWorx Corp.
Document Name
Final Judgment as to Defendant SCWorx Corp.
Document Date
02-Jun-2022
Document Format
Civil Proceeding
Case Number
22-cv-03287
Federal District Court
New Jersey, District of New Jersey
Allegation Type
Securities Offering
Document Summary
On June 2, 2022, the Court issued a final judgment as to Defendant SCWorx Corp., stating: "Defendant SCWorx Corp. . . . consented to entry of this Final Judgment
without admitting or denying the allegations of the Complaint (except as to jurisdiction); waived
findings of fact and conclusions of law; and waived any right to appeal from this Final Judgment."
Disgorgement & Penalty Information
Resolutions
Enjoinment
The Court ordered that: "The payment of disgorgement and prejudgment interest shall be deemed satisfied by the transfer by Defendant, no later than 30 days after the entry of the Class Distribution Order in the class action Yannes v. SCWorx Corp., et al., 1:20-cv-03349 (S.D.N.Y.), of shares of SCWorx’s common stock, valued at $600,000 at the time of issuance to authorized claimants in the settlement, provided that the Class Distribution Order is entered within 365 days from the entry of this Final Judgment."
Monetary Penalties:
Disgorgement
Individual:
$471,000.00
Shared:
Civil Penalty
Individual:
$125,000.00
Shared:
Pre-Judgment Interest
Individual:
$32,761.56
Shared:
Other Defendants in Action:
