Order | Filed: December 29, 2025
Securities and Exchange Commission v. Stiles et al
Securities/Commodities | New York Southern
Order
FINAL JUDGMENT AS TO DEFENDANT JAMES ANDREW STILES, JR: IT IS HEREBY FURTHER ORDERED, ADJUDGED, AND DECREED that Defendant is permanently restrained and enjoined from violating, directly or indirectly, Sections 10(b) of the Securities Exchange Act of 1934 ("Exchange Act") [15 U.S.C. § 78j(b)] and Rule 10b-5 thereunder [17 C.F.R. § 240.10b-5]; by using any means or instrumentality of interstate commerce, or of the mails, or of any facility of any national securities exchange, in connection with the purchase or sale of any security: As further set forth by this Order. IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that, as provided in Federal Rule of Civil Procedure 65(d)(2), the foregoing paragraph also binds the following who receive actual notice of this Judgment by personal service or otherwise: (a) Defendant's officers, agents, servants, employees, and attorneys; and (b) other persons in active concert or participation with Defendant or with anyone described i n (a). IT IS HEREBY FURTHER ORDERED, ADJUDGED, AND DECREED that Defendant is liable for disgorgement of $531,778, representing net profits gained as a result of his trading of Kodak securities as alleged in the Complaint. IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that Defendant's disgorgement obligation of $531,778 is deemed satisfied by the order of forfeiture entered in the parallel criminal case, United States v. Andrew Stiles, Case No. 23-CR-98-RA (SDNY). IT IS FURTHER ORDE RED, ADJUDGED, AND DECREED that Defendant is liable for disgorgement of $45,549, representing net profits gained as a result of his trading in Novavax securities as alleged in the Complaint, together with prejudgment interest thereon in the amo unt of $4,778. The Court finds that sending the disgorged funds to the United States Treasury, as ordered below, is consistent with equitable principles. The Court further imposes a civil penalty in the amount of $45,549 pursuant to Section 21A of the Exchange Act [15 U.S.C. § 78u-1]. Therefore, the total amount due and owing is $95,876. Defendant shall satisfy this obligation by paying $95,876 to the Securities and Exchange Commission within 30 days after entry of this Final Judgment. 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. 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. SO ORDERED. The Clerk of Court is respectfully requested to close this case. (Signed by Judge Mary Kay Vyskocil on 12/29/2025) (tg)