U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 19152 / March 22, 2005
Securities and Exchange Commission v. John Mervyn Nabors and Eric J. McCracken, Civil Action No. 8:04-cv-2288-T-23MAP
FINAL JUDGMENT OF PERMANENT INJUNCTION AND OTHER RELIEF ENTERED AGAINST DEFENDANT JOHN MERVYN NABORS
The Securities and Exchange Commission announced that on February 16, 2005, the United States District Court for the Middle District of Florida entered a Final Judgment of Permanent Injunction and Other Relief (Final Judgment) against Defendant John Mervyn Nabors (Nabors). The Final Judgment entered with Nabors' consent, enjoins him from violating Sections 10(b), 13(a), 13b(2) and 13b(5) of the Securities and Exchange Act of 1934 and Rules 10b-5, 12b-20, 13a-1, 13a-13, 13b-21 and 13b2-2 thereunder. In addition to injunctive relief, the Final Judgment orders Nabors to pay disgorgement in the amount of $200,000, prejudgment interest of $10,200 and the imposition of a civil penalty in the amount of $50,000. The Final Judgment also bars Nabors 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. 18935 (October 20, 2004).