U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 19151 / March 22, 2005
Securities and Exchange Commission v. Viatical Capital, Inc., et al., Civil Action No. 8:03-cv-01895-SDM-TGW
DEFAULT JUDGMENT OF PERMANENT INJUNCTION AND OTHER RELIEF ENTERED AGAINST DEFENDANT ROBERT KINGSTON COYNE
The Securities and Exchange Commission announced that on February 28, 2005, the United States District Court for the Middle District of Florida entered a Default Judgment of Permanent Injunction and Other Relief ("Judgment") against Defendant Robert Kingston Coyne ("Coyne"). The Final Judgment, entered upon the SEC's Motion for Default Judgment against Coyne, enjoins him from violating Sections 5(a), 5(c), and 17(a) of the Securities Act of 1933, Section 10(b) of the Securities and Exchange Act of 1934 and Rule 10b-5 thereunder. In addition to injunctive relief, the Judgment orders Coyne to pay disgorgement in the amount of $5,018,148, plus prejudgment interest thereon, and provides for the imposition of a civil penalty to be determined by the Court upon the SEC's motion. The Judgment also bars Coyne from acting as an officer or director of any issuer that has a class of securities registered pursuant to Section 12 of the Exchange Act.
For additional information, see Litigation Release No. 18346 (September 11, 2003).