United States Seventh Circuit

Sanctions for violation of a preliminary injunction against the sale of unregistered stocks or penny stocks is vacated and remanded where defendant violated the terms of the injunction, but the remedy provided without explanation by the district court bordered on a criminal penalty and the defendant did not receive the procedures required before a criminal contempt adjudication.

Appellate Information

• Argued 11/27/2006
• Decided 03/08/2007
• Published 03/08/2007

Judges

• EASTERBROOK, Chief Judge., Before EASTERBROOK, Chief Judge, and ROVNER and SYKES, Circuit Judges.

Court

• United States Seventh Circuit

Counsel

• For Appellant:
  
• Raymond J. McNamee (argued), Newport Beach, CA, pro se.


• For Appellees:
  
• Christopher Paik (argued), Securities & Exchange Commission Office of the General Counsel, Washington, DC, Mary Keefe, Securities and Exchange Commission, Chicago, IL, for Plaintiff-Appellee.