U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 21261 / October 27, 2009
SEC v. Thompson Price Holding Inc., et al., 07 Civ. 9525 (RMB) (S.D.N.Y.)
Court Enters Summary Judgment against Thompson Price Holding Inc. and Damir Lukovic, a/k/a Greg Thompson
The Securities and Exchange Commission announced today that on October 26, 2009, the United States District Court for the Southern District of New York entered summary judgment against defendants Thompson Price Holding Inc. ("Thompson Price") and Damir Lukovic, also known as Greg Thompson ("Lukovic").
The judgment permanently enjoined Thompson Price and Lukovic from further violations of Sections 10(b) and 15(a) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and Section 17(a) of the Securities Act of 1933 ("Securities Act"). It further ordered Thompson Price and Lukovic to disgorge, jointly and severally, their ill-gotten gains of $154,510 and prejudgment interest of $14,305.89. Finally, the judgment imposed civil penalties of $120,000 against Thompson Price of $16,500 against Lukovic.
The Commission's complaint, filed on October 25, 2007, alleged that Defendants defrauded unsuspecting investors in the United States (many of whom are senior citizens) by inducing investors to send checks purportedly for the purchase of shares in the initial public offerings of several Australian companies. Thompson Price's president, Lukovic, using the alias "Greg Thompson," made false and misleading statements to prospective investors, including that: (i) Thompson Price had received an "allocation" of shares in the IPOs; and (ii) Thompson Price would use investors' funds to purchase IPO stock. In fact these representations were false and misleading. Thompson Price was not an underwriter or a broker-dealer. It had no affiliation with any of the Australian companies or their underwriters. It never received any allocation of stock from those IPOs. Moreover, the Defendants did not purchase IPO stock with the investors' money, but instead misappropriated all of the money for their own use.