Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-3_14-cv-05273/USCOURTS-cand-3_14-cv-05273-1/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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United States District Court

For the Northern District of California

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IN THE UNITED STATES DISTRICT COURT

FOR THE NORTHERN DISTRICT OF CALIFORNIA

SECURITIES AND EXCHANGE

COMMISSION,

Plaintiff,

 v.

 VINAY KUMAR NEVATIA,

Defendant. /

No. C14-05273 CRB

ORDER ADOPTING REPORT AND

RECOMMENDATION

The Court has reviewed Magistrate Judge Spero’s Report and Recommendation

Regarding SEC’s Application for Default Judgment (dkt. 36), and notes that fourteen days

have passed since the SEC served Defendant Vinay Kumar Nevatia with the Report and

Recommendation on October 21, 2015, see Certificate of Service (dkt. 40), and that no

opposition has been filed. The Court finds the Report correct, well-reasoned, and thorough,

and ADOPTS it in every respect. Accordingly, the SEC’s Application (dkt. 25) is

GRANTED, and the Court enters default judgment against Nevatia. Nevita is further

ORDERED to disgorge $701,013.94 of ill-gotten profit (including prejudgment interest of

$71,213.94), to pay a civil penalty of $629,800, and to abstain from any further violation of 

//

//

Case 3:14-cv-05273-CRB Document 41 Filed 11/09/15 Page 1 of 2
United States District Court

For the Northern District of California

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the securities laws. 

IT IS SO ORDERED.

Dated: November 9, 2015 

CHARLES R. BREYER

UNITED STATES DISTRICT

JUDGE

Case 3:14-cv-05273-CRB Document 41 Filed 11/09/15 Page 2 of 2