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U.S. Securities and Exchange Commission

U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 21049 / May 19, 2009

SEC v. Phillip W. Offill, Jr., et al., , Civil Action No. 07-CV-1643-D (N.D. Tex. filed Sept. 26, 2007)

Arizona Attorney Enjoined From Unregistered Sales Of Securities

The United States Securities and Exchange Commission (Commission) announced that on May 7, the Honorable Sidney A. Fitzwater of the United States District Court for the Northern District of Texas entered an order permanently enjoining David B. Stocker, an Arizona attorney, and Curtis-Case, Inc., a corporation that he controlled, from offering or selling securities in unregistered securities offerings in violation of Section 5(a) and (c) of the Securities Act of 1933. In its complaint, the Commission alleged that during 2004, Stocker and Curtis-Case offered and sold the securities of six corporations when no registration statements had been filed with the Commission that disclosed to public investors accurate information about the business operations and finances of each company. The six companies were American Television & Film Company (ATFT), Ecogate, Inc. (ECGT), Media International Concepts, Inc. (MEIC), Vanquish Productions, Inc. (VQPI), Auction Mills, Inc. (AUML), and Custom Designed Compressor Systems, Inc. (CUPY). Stocker and Curtis-Case consented to entry of the injunctions without admitting or denying the allegations. Stocker and Curtis-Case were also barred from participating in the sale of penny stocks, and held liable jointly and severally for disgorgement of $888,693 and prejudgment interest of $298,040, which will be satisfied by entry of a restitution order in the related criminal case against Stocker, U.S. v. David B. Stocker, case no. 1:09CR118 (E.D. Va. Filed March 11, 2009). Resolution of the claims against the other defendants has been stayed pending the outcome of a related criminal case.

Stocker has also consented to resolve two other civil injunctive actions pending in federal district courts in Michigan and Arizona.

[SEC v. Offill, et al., No. 07-cv-1643 (N.D. Tex.)] (LR 20302, Sept. 27, 2007); [SEC v. Fisher, et al., No. 07-cv-12552 (E.D. Mich.)] (LR 20154, June 14, 2007); [SEC v. Stocker, et al., No. CIV-08-1475-PHX-FJM (D. Ariz.)] (LR 20681, Aug. 12, 2008) [U.S. v. Stocker, No. 1:09CR118 (E.D. Va.)] (LR 20944, Mar. 11, 2009)

 

http://www.sec.gov/litigation/litreleases/2009/lr21049.htm


Modified: 05/19/2009