SEC v JOSEPHINE ANNE PAGANO - Legal Case Documents


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SEC v JOSEPHINE ANNE PAGANO

Keywords & Phrases

CaseNo: LR-17543, CourtCode: DIS, CourtName: COMPLAINT, FILED IN THE UNITED STATES DISTRICT COURT FOR THE EASTERN, Defendant: Josephine Anne Pagano, Plaintiff: SEC, State: MI Michigan, UniqueCaseRef: SEC>LR-17543, Pagano, Exchange Commission, Florafax, Securities, Insider Trading, Complaint, Josephine Anne Pagano, Michigan, District, Alleges, Non-public Information, Exchange Act, Gerald Stevens, Purchase Shares, Florida-based Florafax, According, Profits, Admitting, Denying, Allegations, Jurisdiction, Pay Disgorgement, Plus Prejudgment, Amount, Civil Money Penalty, Entry, Judgement, Permanent Injunction Enjoining, Future Violations, Thereunder , ContentID: 120253120

Case Documents

2002-06-05

SEC LITIGATION RELEASE
[ see first page and extracted highlights below ] ItemID: 128951

1 pages
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Total Documents: 1 document , 1 page. CAUTION. PLEASE NOTE THAT THIS IS A ONE PAGE CASE.

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1 . SEC LITIGATION RELEASE

EXTRACTED KEY WORDS

EXCHANGE COMMISSION
FLORAFAX
SECURITIES
INSIDER TRADING
COMPLAINT
JOSEPHINE ANNE PAGANO
MICHIGAN
DISTRICT
ALLEGES
NON-PUBLIC INFORMATION
EXCHANGE ACT
GERALD STEVENS
PURCHASE SHARES
FLORIDA-BASED FLORAFAX
ACCORDING
PROFITS
ADMITTING
DENYING
ALLEGATIONS
JURISDICTION
PAY DISGORGEMENT
PLUS PREJUDGMENT
AMOUNT
CIVIL MONEY PENALTY
ENTRY
JUDGEMENT
PERMANENT INJUNCTION ENJOINING
FUTURE VIOLATIONS
THEREUNDER

U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 17543 / June 5, 2002

          SEC FILES SETTLED ACTION FOR INSIDER TRADING IN FLORAFAX
                         INTERNATIONAL, INC. STOCK

   Securities and Exchange Commission v. Josephine Anne Pagano, Case No.
   02-72282 (E.D. Mich., filed June 5, 2002)

   The Securities and Exchange Commission (SEC) announced that on June 5,
   2002, it filed and simultaneously settled an insider trading action
   against Josephine Anne Pagano of Grosse Ile, Michigan. In its
   complaint, filed in the United States District Court for the Eastern
   District of Michigan, the SEC alleges that from December 1, 1998
   through December 9, 1998, Pagano used material non-public information
   regarding merger negotiations between Florafax International, Inc.
   (Florafax) and Gerald Stevens, Inc. to purchase shares of
   Florida-based Florafax. The SEC further alleges that Pagano
   misappropriated the non-public information from a relative who worked
   at Florafax. According to the complaint, Pagano's illicit trading
   earned her profits of $20,040.

   Without admitting or denying the allegations in the SEC's complaint,
   except as to jurisdiction, Pagano consented to pay disgorgement of
   $20,040, plus prejudgment interest in the amount of $4,568.56 and a
   civil money penalty of $20,040. Pagano also consented to the entry of
   a final judgment of permanent injunction enjoining her from future
   violations of Section 10(b) of the Securities Exchange Act of 1934
   ("Exchange Act") and Rule 10b-5, thereunder.
     _________________________________________________________________

Modified 06/06/2002

SNIPPETS:

U.S. SECURITIES AND EXCHANGE COMMISSION

SEC FILES SETTLED ACTION FOR INSIDER TRADING IN FLORAFAX

The Securities and Exchange Commission announced that on June 5, 2002, it filed and

In its complaint, filed in the United States District Court for the Eastern District of

The SEC further alleges that Pagano misappropriated the non-public information from a

According to the complaint, Pagano's illicit trading earned her profits of $20,040.

Without admitting or denying the allegations in the SEC's complaint, except as to

Pagano also consented to the entry of a final judgment of permanent injunction enjoining her


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