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Sec. & Exch. Comm'n v. Govil

United States District Court, S.D. New York
Jul 5, 2022
21 Civ. 6150 (JPO) (S.D.N.Y. Jul. 5, 2022)

Opinion

21 Civ. 6150 (JPO)

07-05-2022

SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. ARON GOVIL, Defendant.


FINAL JUDGMENT

J. PAUL OETKEN, UNITED STATES DISTRICT JUDGE

Per the Court's Opinion and Order entered on May 24, 2022 (Docket Entry # 22); and the Judgment as to Defendant Aron Govil (“Defendant”) entered on July 28, 2021 (Docket Entry # 7), which is adopted and incorporated herein, but is effective as of the date of its original entry; Final Judgment is hereby entered against Defendant as follows:

I.

IT IS HEREBY ORDERED, ADJUDGED, AND DECREED that Defendant is liable for disgorgement of $5,801,720, prejudgment interst thereon of $1,044,589.87 and a civil penalty in the amount of $621,549. Defendant shall satisfy this obligation by paying $7,467,858.87 to the Securities and Exchange Commission within 10 days after entry of this Final Judgment.

Defendant may transmit payment electronically to the Commission, which will provide detailed ACH transfer/Fedwire instructions upon request. Payment may also be made directly from a bank account via Pay.gov through the SEC website at http://www.sec.gov/about/offices/ofm.htm. Defendant may also pay by certified check, bank cashier's check, or United States postal money order payable to the Securities and Exchange Commission, which shall be delivered or mailed to

Enterprise Services Center
Accounts Receivable Branch
6500 South MacArthur Boulevard
Oklahoma City, OK 73169

and shall be accompanied by a letter identifying the case title, civil action number, and name of this Court; Angelique de Maison as a defendant in this action; and specifying that payment is made pursuant to this Final Judgment.

Defendant shall simultaneously transmit photocopies of evidence of payment and case identifying information to the Commission's counsel in this action. By making this payment, Defendant relinquishes all legal and equitable right, title, and interest in such funds and no part of the funds shall be returned to Defendant. The Commission shall send the funds paid pursuant to this Final Judgment to the United States Treasury.

The Commission may enforce the Court's judgment for disgorgement and prejudgment interest by moving for civil contempt (and/or through other collection procedures authorized by law) at any time after 14 days following entry of this Final Judgment. Defendant shall pay post judgment interest on any delinquent amounts pursuant to 28 U.S.C. § 1961.

II.

IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that the terms, conditions, relief, and remedies set forth in the Judgment (Docket Entry # 7) shall remain in full force and effect.

III.

IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that this Court shall retain jurisdiction of this matter for the purposes of enforcing the terms of this Final Judgment.

IV.

There being no just reason for delay, pursuant to Rule 54(b) of the Federal Rules of Civil Procedure, the Clerk is ordered to enter this Final Judgment forthwith and without further notice.


Summaries of

Sec. & Exch. Comm'n v. Govil

United States District Court, S.D. New York
Jul 5, 2022
21 Civ. 6150 (JPO) (S.D.N.Y. Jul. 5, 2022)
Case details for

Sec. & Exch. Comm'n v. Govil

Case Details

Full title:SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. ARON GOVIL, Defendant.

Court:United States District Court, S.D. New York

Date published: Jul 5, 2022

Citations

21 Civ. 6150 (JPO) (S.D.N.Y. Jul. 5, 2022)