United States Securities and Exchange Commission v. Kang et al, No. 1:2016cv09829 - Document 34 (S.D.N.Y. 2019)

Court Description: FINAL JUDGMENT AS TO DEFENDANT NAVNOOR S. KANG: IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that Defendant is liable for disgorgement of $182,422, representing benefits obtained as a result of the conduct alleged in the complaint in this matt er, plus prejudgment interest thereon in the amount of $32,756 for a total of $215,178. Defendant's $215,178 payment obligation is deemed satisfied in full by the Orders of Restitution and Forfeiture entered against the Defendan t in United States v. Kang, et al., Crim. No. l:16-cr-837 (S.D.N.Y.). Based on the prison sentence imposed in United States v. Kang, et al., the Commission has determined to dismiss its claims for civil monetary penalties against Defendant. This F inal Judgment, and any payments made hereto, do not affect the disgorgement obligations, if any, of any other parties to this matter. IT IS FURTHER,ORDERED, ADJUDGED, AND DECREED that this Court shall retain jurisdiction of this matter for the purposes of enforcing the terms of this Final Judgment. Navnoor S Kang terminated. (Signed by Judge Paul G. Gardephe on 12/23/2019) (jca)