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U.S. Securities and Exchange Commission

U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 20015 / February 23, 2007

SEC v. GetAnswers, Inc., et al., Case No. 03-20048-CIV-KING/O'SULLIVAN (S.D. Fla.)

Court Enters Default Final Judgment of Permanent Injunction and Other Relief Against GetAnswers, Inc.

The Securities and Exchange Commission announced that on December 15, 2006, the Honorable James Lawrence King, United States District Judge for the Southern District of Florida entered a default final judgment of permanent injunction against GetAnswers, Inc. The default final judgment enjoins GetAnswers against future violations of Sections 5(a), 5(c), and 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. In addition, the default final judgment ordered GetAnswers to pay $7,040,590.43 in disgorgement, plus prejudgment interest of $1,632,496.20 and a $7,040,590.43 civil penalty.

For further information, see Litigation Release No. 17933 (January 15, 2003).

 

http://www.sec.gov/litigation/litreleases/2007/lr20015.htm


Modified: 02/23/2007