U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 22598 / January 23, 2013
Securities and Exchange Commission v. Christopher Castaldo, et al., Civil Action No. 08 Civ. 8397 (JSR) (S.D.N.Y.)
JUDGMENT ENTERED AGAINST VISION SECURITIES, DANIEL JAMES GALLAGHER, CHRISTOPHER CASTALDO, AND CORPORATE COMMUNICATIONS CORP. ; CLAIMS AGAINST FRANK ZANGARA DISMISSED
On August 17, 2009, U.S. District Court Judge Jed S. Rakoff issued a Memorandum Order and Final Judgment (“Order”) with respect to Daniel James Gallagher, Vision Securities, Christopher Castaldo, and Corporate Communications Corp. The Order was entered following a hearing on remedies and a trial that had resulted in jury verdicts against Gallagher, Vision, and Castaldo. Prior to trial, a default judgment had been entered against defendant Corporate Communications Corp. and the Commission had voluntarily dismissed with prejudice its claims against defendants Frank Zangara and B.H.I. Group, Inc.
Judge Rakoff declined to impose injunctive relief against any of the defendants, but ordered the following monetary relief: