Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-5_02-cv-04308/USCOURTS-cand-5_02-cv-04308-0/pdf.json

Nature of Suit Code: 850
Nature of Suit: Securities, Commodities, Exchange
Cause of Action: 15:78m(a) Securities Exchange Act

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Stipulation to Amend Judgment 

C02-4308-JF (PVT)

 

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HELANE L. MORRISON (CA Bar No. 127752) 

JAMES A. HOWELL (CA Bar No. 92721) 

KASHYA K. SHEI (CA Bar No. 173125) 

Attorneys for Plaintiff 

SECURITIES AND EXCHANGE COMMISSION 

44 Montgomery Street, 26th Floor 

San Francisco, California 94104 

Telephone: (415) 705-2500 

Facsimile: (415) 705-2501 

UNITED STATES DISTRICT COURT 

NORTHERN DISTRICT OF CALIFORNIA 

SAN JOSE DIVISION 

SECURITIES AND EXCHANGE 

COMMISSION, 

 Plaintiff, 

 vs. 

YERVANT DAVID LEPEJIAN, 

 Defendant. 

Case No. C 02-4308 JF (PVT) 

STIPULATION FOR ENTRY OF 

AMENDED JUDGMENT 

Plaintiff United States Securities and Exchange Commission (“Commission”) and defendant 

Yervant David Lepejian (“Lepejian”), by their respective counsel of record in this action, stipulate and 

agree as follows: 

RECITALS 

A. On October 17, 2002, pursuant to a Consent of Yervant David Lepejian to Entry of 

Judgment of Permanent Injunction and Other Relief, the Court entered judgment in favor of the 

Commission and against Lepejian. The judgment provided, among other things, that Lepejian would pay 

a civil penalty in an amount to be agreed by the parties or, failing agreement, determined by the Court. 

B. On June 7, 2005, following a plea of guilty, Lepejian was sentenced in a criminal case in 

this Court, United States v.Yervant David Lepejian, Case No. CR 02-0266 VRW (N.D. Cal.). The 

criminal case was based on some of the same facts alleged in the Commission’s action. Lepejian was 

**E-filed 3/20/06**

Case 5:02-cv-04308-JF Document 38 Filed 03/20/06 Page 1 of 2
Stipulation to Amend Judgment 

C02-4308-JF (PVT)

 

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sentenced to one year and a day incarceration and two years supervised release. No fine or restitution 

was ordered. 

C. Based upon its evaluation of Lepejian’s conduct and the criminal sentence imposed on 

Lepejian, the Commission has determined to withdraw its request for disgorgement and a civil penalty in 

this action. 

STIPULATION 

The Commission and Lepejian stipulate and agree that the Court may amend the judgment in 

this action to delete the portion of the judgment requiring payment of disgorgement and a civil 

penalty. The Commission and Lepejian agree that an Amended Judgment of Permanent Injunction 

and Other Equitable and Statutory Relief Against Defendant Yervant David Lepejian, in the form 

attached to this stipulation, may be entered by the Court. 

Dated: March 16, 2006 James A. Howell 

 JAMES A. HOWELL 

 Attorney for Plaintiff 

 SECURITIES AND EXCHANGE COMMISSION 

Dated: March __, 2006 MICHAEL F. TUBACH 

 O’MELVENY & MYERS LLP 

 By: see attached 

 Michael F. Tubach 

 Attorneys for Defendant 

 YERVANT DAVID LEPEJIAN 

ORDER 

IT IS SO ORDERED. 

DATED: 

 UNITED STATES DISTRICT JUDGE 

3/20/06 JEREMY FOGEL

Case 5:02-cv-04308-JF Document 38 Filed 03/20/06 Page 2 of 2