SECURITY AND EXCHANGE COMMISSION v. CMKM Diamonds, Inc.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• ordering on summary judgment a civil penalty of the defendant’s “gross pecuniary gain” of $26,400,000
• declining to multiply the defendant's violations by a dollar amount 10 because of the difficulty in determining the number of violations
• “Given the gravity of their actions, the extent of their fraud, and the magnitude of their unjust enrichment, penalties equal to each defendant's gross pecuniary gain is warranted. The Murphy factors confirm the propriety of this calculation.”

Source: CourtListener parenthetical corpus (CC0).