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Securities/Commodities | New York Eastern
Order on Motion to Approve Consent Judgment
ORDER granting 122 Joint Motion to Approve Consent Judgment as to defendant Michael Black. Having reviewed the proposed consent judgment as to Mr. Black, the Court determines that it is not contrary to law, contains clear terms, reflects a resolution of actual claims in the complaint, is not tainted by improper collusion or corruption, and is therefore fair and reasonable. See U.S.S.E.C. v. Citigroup Glob. Markets, Inc., 752 F.3d 285, 294 - 95 (2d Cir. 2014). The Court further finds that entry of the judgment is in the public interest, see id., and that Mr. Black has waived, among other objections, any objection that the judgment fails to comply with Federal Rules of Civil Procedure 52 and 65(d).
The parties shall submit a status report within 30 days of Mr. Black's sentencing in his pending criminal case regarding the open monetary aspects of the Judgment. Ordered by Judge Kiyo A. Matsumoto on 1/2/2025. (DR)
Approve Consent Judgment
Joint MOTION to Approve Consent Judgment as to defendant Michael Black by Securities and Exchange Commission. (Attachments: # 1 Proposed Judgment as to defendant Black, # 2 Consent of defendant Black) (Shields, Kathleen)
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