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U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 21295 / November 16, 2009

COURT ENTERS FINAL JUDGMENTS ORDERING DISGORGEMENT AGAINST DEFENDANTS CONCORDE AMERICA, INC., AND HARTLEY LORD AND IMPOSING CIVIL PENALTIES AGAINST DEFENDANTS LORD AND THOMAS HEYSEK

Securities and Exchange Commission v. Concorde America, Inc., et al., Civil Action No. 05-80128-CIV-ZLOCH (S.D. Fla.).

The Commission announced that on October 9, 2009, the United States District Court for the Southern District of Florida entered final judgments of disgorgement ordering Defendant Concorde America, Inc. to pay $841,175.69 with prejudgment interest of $259,086.58, and Defendant Hartley Lord to pay $108,824.31 with prejudgment interest of $33,518.43. The judgment against Lord also orders him to pay a civil penalty in the amount of $50,000. The Court also entered a judgment ordering Defendant Thomas Heysek to pay a civil penalty of $50,000. The Court previously entered judgments of permanent injunction, by consent, against Concorde, Lord and Heysek.

The Commission commenced this action by filing its complaint on February 14, 2005, against Concorde, Lord and Heysek, among others.

For additional information, see Litigation Release No. 19085 (February 16, 2005), Release No. 19948 (December 18, 2006), Release No. 20078 (April 18, 2007), Release No. 20404 (December 19, 2007), and Release No. 20771 (October 6, 2008).

 

http://www.sec.gov/litigation/litreleases/2009/lr21295.htm


Modified: 11/16/2009