 |
 |
|
|
|
|
|
|
|
| | | |
|
|
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
1
.
SEC LITIGATION RELEASE
|
EXTRACTED KEY WORDS
COURT FABRI DISTRIBUTION PLAN METROWEST BANK COMMISSION INVESTORS STOCK JUDGEMENT WILLIAM UNITED STATES DISTRICT MASSACHUSETTS FUNDS COMPLAINT ACQUISITION DISGORGEMENT CIVIL PENALTY PREJUDGMENT APPROVING PDF FORMAT WOODLOCK DISTRICT COURT JUDGE ORDER PERMITS ENTITY WISHING WRITING FILING COUNSEL COMMENTING SUPPORT WEB SITE |
U.S. Securities and Exchange Commission
Litigation Rel. No. 18319 / September 2, 2003
SEC v. Geoffrey E. Fitts and William D. Fabri, Sr. (United States District
Court for the District of Massachusetts, C.A. No. 03-CV-10658 (DPW), filed
April 10, 2003)
Notice of Proposed Distribution of Funds to Investors in MetroWest Bank
Stock
On April 21, 2003, the U.S. District Court for the District of
Massachusetts entered a final judgment in the above case against
Defendant William D. Fabri, to which Fabri consented without admitting
or denying the allegations in the complaint. The Commission alleged in
the complaint that Fabri engaged in illegal insider trading in the
stock of MetroWest Bank in May 2001 while in possession of material,
nonpublic information concerning the pending acquisition of MetroWest
Bank by Banknorth Group, Inc., prior to the public announcement of the
acquisition on June 11, 2001. As part of the final judgment, Fabri was
ordered to pay a total of $24,958.65 in disgorgement, a civil penalty
and prejudgment interest. Fabri satisfied the disgorgement, civil
penalty and prejudgment interest obligations under the final judgment
entered against him by paying $24,958.65 to the clerk of the court for
deposit into the Court Registry Investment System.
On August 22, 2003, the Commission moved for an order seeking the
approval of its proposed plan to distribute $23,828.65 of those funds,
plus accrued interest, to certain individuals and entities who
invested in MetroWest Bank stock. On August 26, 2003, the Honorable
Douglas P. Woodlock, United States District Court Judge, entered an
order approving the Commission's proposed distribution plan. That
Order permits any person and/or entity wishing to comment on or object
to the distribution plan to do so in writing by filing their comments
with the Court within 30 days from the date the proposed plan was
filed with the Court, with a copy to be served upon the Commission's
counsel in this action.
For those interested in details concerning this action and the
procedure for commenting on or objecting to the distribution plan, a
complete copy of the in support (PDF format) and the (PDF format) may
be found on the Commission's Web site.
_________________________________________________________________
Modified 09/02/2003
SNIPPETS:
|
|
|
| | | |
|
|
