U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 18948 / October 27, 2004
SECURITIES AND EXCHANGE COMMISSION V. VECTOR MEDICAL TECHNOLOGIES, INC., MICHAEL H. SALIT, JAMES P. FARNELL, MICHAEL J. FARNELL, DAVID A. ZIMMERMAN AND STANLEY B. WASSER, CASE NO. 03-80858-CIV-HURLEY (S.D. Fla.)
JUDGMENT OF PERMANENT INJUNCTION AND OTHER RELIEF ENTERED AGAINST DEFENDANT VECTOR MEDICAL TECHNOLOGIES, INC.
The Securities and Exchange Commission announced that on July 8, 2004, the United States District Court for the Southern District of Florida entered a Judgment of Permanent Injunction and Other Relief against Defendant Vector Medical Technologies, Inc. The Judgment, entered by consent, enjoins Vector Medical from violations of Sections 5(a), 5(c) and 17(a) of the Securities Act of 1933, Sections 15(a) and 10(b) of the Securities Exchange Act of 1934, and Rule 10b-5 thereunder. In addition to injunctive relief, the Judgment provides for disgorgement in an amount to be reached by agreement of the parties and/or by the Court upon the SEC's motion.
For more information on earlier actions in this case, see Litigation Releases No. 18348 (September 12, 2003), No. 18810 (July 29, 2004) and No. 18866 (September 2, 2004).