District Court, S.D. New York February 21, 2007, 04 Civ. 2322 GEL (U.S. Securities & Exchange Commission v. Universal Express, Inc.)

OPINION AND ORDER

LYNCH, District Judge.

The Securities and Exchange Commission (“SEC”) has accused Universal Express, Inc., Richard A. Altomare, and Chris G. Gunderson (collectively, “Organizational Defendants”) and Mark S. Neu-haus, George J. Sandhu, and Tarun Mendiratta (collectively, “Consultant Defendants”) of violating certain provisions of the federal securities laws.