Securities and Exchange Commission v. Hamid Kabani

MOTION for an Order under Section 21

C.D. Cal.October 28, 2019

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 WM. SMITH GREIG, D.C. Bar No. 453443 Email: greigw@sec.gov Securities and Exchange Commission 100 F Street, N.E. Washington, D.C. 20549-9612 Telephone: 202 / 551-5147 Facsimile: 202 / 772-9263 LOCAL COUNSEL: AMY JANE LONGO, Cal. Bar. No. 198304 Email: longoa@sec.gov Securities and Exchange Commission 444 South Flower Street, Suite 900 Los Angeles, California 90071 Telephone: 323 / 965-3835 Facsimile: 213 / 443-1904 Attorneys for Movant Securities and Exchange Commission UNITED STATES DISTRICT COURT CENTRAL DISTRICT OF CALIFORNIA SECURITIES AND EXCHANGE COMMISSION, Movant, vs. HAMID KABANI, MICHAEL DEUTCHMAN, and KARIM KHAN MUHAMMAD, Respondents. Case No. ___________ [PROPOSED] ORDER After review of the Securities and Exchange Commission’s Motion for an Order under Section 21(e)(1) of the Securities Exchange Act of 1934, 15 U.S.C. § 78u(e)(1), the accompanying Memorandum and Exhibits, any responses by Hamid Kabani, Michael Deutchman, or Karim Khan Muhammad, any SEC reply thereto, and the entire record herein, it is hereby ORDERED that Case 2:19-cv-09234-DSF-PLA Document 1-2 Filed 10/28/19 Page 1 of 2 Page ID #:22 2 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 i) Respondent Hamid Kabani must comply with the SEC Opinion and Order and pay to the Public Company Accounting Oversight Board $100,000. Mr. Kabani must pay interest on that amount from the date that the SEC Opinion and Order became final (May 13, 2019, when the Supreme Court issued its order denying respondents’ petition for a writ of certiorari) until the date that he has paid in full. The interest rate will be determined under 28 U.S.C. § 1961 based on the date of this order, and ii) Respondent Michael Deutchman must comply with the SEC Opinion and Order and pay to the Public Company Accounting Oversight Board $35,000. Mr. Deutchman must pay interest on that amount from the date that the SEC Opinion and Order became final (May 13, 2019, when the Supreme Court issued its order denying respondents’ petition for a writ of certiorari) until the date that he has paid in full. The interest rate will be determined under 28 U.S.C. § 1961 based on the date of this order, and iii) Respondent Karim Khan Muhammad must comply with the SEC Opinion and Order and pay to the Public Company Accounting Oversight Board $100,000. Mr. Muhammad must pay interest on that amount from the date that the SEC Opinion and Order became final (May 13, 2019, when the Supreme Court issued its order denying respondents’ petition for a writ of certiorari) until the date that he has paid in full. The interest rate will be determined under 28 U.S.C. § 1961 based on the date of this order. This Court will maintain jurisdiction over this matter to ensure that each respondent complies with this Order. Dated: ________________ ______________________________ United States District Judge Case 2:19-cv-09234-DSF-PLA Document 1-2 Filed 10/28/19 Page 2 of 2 Page ID #:23