U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 18949 / 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.)
FINAL JUDGMENT OF PERMANENT INJUNCTION AND OTHER RELIEF ENTERED AGAINST DEFENDANT DAVID A. ZIMMERMAN
The Securities and Exchange Commission announced that on October 5, 2004, the United States District Court for the Southern District of Florida entered a Final Judgment of Permanent Injunction and Other Relief against Defendant David A. Zimmerman. The Judgment, entered with Zimmerman's consent, enjoins him from further 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. The Judgment also permanently bars Zimmerman from participating in any penny stock offering and orders him to pay disgorgement and pre-judgment interest in the amount of $311,626.28, but waives all but $80,000 of that amount and does not impose a civil money penalty.
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).