2025-05-23 sec-litreleases pdf 1400 KB 3,885 chars

SEC v. RIVER NORTH EQUITY, No. 1:23-cv-14260, Northern District of Illinois (May 23, 2025)

raw: SEC v. RIVER NORTH EQUITY

SEC v. RIVER NORTH EQUITY, No. 1:23-cv-14260 (May 23, 2025)

Caption: Securities & Exchange Commission v. Long

Exhibit of Adam R. Long, et al.; Tri-Bridge Ventures, LLC et al.; LG Capital Funding, LLC, et al.; River North Equity LLC, et al.

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summary

The SEC and defendants Edward M. Liceaga and River North Equity, LLC agreed to dismiss Counts VII, VIII, and IX of a 2019 civil enforcement action with prejudice.

paragraph

The Securities and Exchange Commission and defendants Edward M. Liceaga and River North Equity, LLC entered a stipulation to dismiss specific claims with prejudice. The agreement covers Counts VII, VIII, and IX of the original March 11, 2019, complaint. As part of the settlement, the defendants waived all rights to seek reimbursement for attorney's fees or legal expenses related to the dismissed counts.

narrative

The Securities and Exchange Commission (SEC) and defendants Edward M. Liceaga and River North Equity, LLC have reached an agreement to dismiss certain claims in their ongoing civil enforcement action. Specifically, the parties stipulated to dismiss Counts VII, VIII, and IX of the March 11, 2019, complaint with prejudice. This dismissal does not impact the SEC's remaining claims against these defendants in Count I, nor does it affect claims against other parties in the litigation. In exchange for the dismissal, the defendants waived their rights to seek reimbursement for attorney's fees or expenses related to the dismissed counts under the Equal Access to Justice Act. Additionally, the defendants released the Commission and its officers from any claims arising from the conduct alleged in the dismissed counts. The agreement was reached without costs or fees being awarded to either party.

Enriched metadata

Scheme: unregistered-securities (50%)
Court: Northern District of Illinois
Case No.: 1:23-cv-14260

Classified unregistered-securities(confidence 50%). EDGAR detection: forms Form D/S-1· recall 41% / precision 30%. detection rule →

Extracted insights

Entities 5

person antonia m. apps
person Mark David Hunter
person robert m. moye
person samuel j. waldon
agency Securities and Exchange Commission

Triples 11

Securities And Exchange Commission filed a Complaint in this civil enforcement action on March 11, 2019, stating various claims against the Defendants, among other parties
Securities And Exchange Commission believes the dismissal of certain of these claims is appropriate
Securities And Exchange Commission seek dismissal of certain of these claims in Counts VII, Viii and IX of the Complaint
Securities And Exchange Commission stipulate and agree that the claims against the Defendants in Counts VII, Viii and IX of the Complaint shall be dismissed, with prejudice as to the conduct alleged in these counts through the date of filing of this Stipulation
Defendants waive and release any and all rights under the Equal Access to Justice Act, the Small Business Regulatory Enforcement Fairness Act of 1996, or any other provision of law to seek reimbursement of attorney's fees or other fees, expenses, or costs related to Counts VII, Viii and IX of the Complaint
Defendants waive and release any and all claims, demands, rights, and causes of action against the Commission and its present and former officers or employees arising from or relating to Counts VII, Viii and IX of the Complaint
Robert M. Moye represents authority to execute this stipulation on behalf of the Securities And Exchange Commission
Samuel J. Waldon serves as Acting Director, Division of Enforcement, U.S. Securities And Exchange Commission
Antonia M. Apps serves as Acting Deputy Director, Division of Enforcement, U.S. Securities And Exchange Commission
Mark David Hunter represents Defendants River North Equity, LLC and Edward M. Liceaga
Jenny Johnson-Sardella represents Defendants River North Equity, LLC and Edward M. Liceaga

PDF

SEC v. RIVER NORTH EQUITY · Source

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Extracted body text (3,885c)

UNITED STATES DISTRICT COURT
NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION

SECURITIES AND EXCHANGE
COMMISSION,
Plaintiff,
v.
RIVER NORTH EQUITY, LLC, et al.,
Defendants.
Case No. 19-cv-1711
Judge Sunil R. Harjani
Magistrate Keri L. Holleb Hotaling

STIPULATION TO DISMISS AND RELEASE

By agreement of the parties, Plaintiff Securities and Exchange Commission (“the Commission”) and Defendants Edward M. Liceaga and River North Equity, LLC (collectively “Defendants”) hereby stipulate and agree as follows:

WHEREAS, the Commission filed a Complaint in this civil enforcement action (the “Litigation”) on March 11, 2019, stating various claims against the Defendants, among other parties.

WHEREAS, in the exercise of its discretion and as a policy matter, the Commission believes the dismissal of certain of these claims is appropriate;

WHEREAS, the Commission’s decision to seek dismissal of certain of these claims does not necessarily reflect the Commission’s position on any other case, and, further, does not reflect or impact the Commission’s position on its remaining claims against Defendants in this case in Count I, or the Commission’s claims against other parties in this case besides Defendants, including, without limitation, the Commission’s claims in Count VII against another party; and

WHEREAS, the Commission and the Defendants agree that the claims against Defendants

---

in Counts VII, VIII and IX of the Complaint should be dismissed.

NOW, THEREFORE,

1. The Commission and the Defendants stipulate and agree that the claims against the Defendants in Counts VII, VIII and IX of the Complaint shall be dismissed, with prejudice as to the conduct alleged in these counts of the Complaint through the date of the filing of this Stipulation, and without costs or fees to either party.

2. Defendants, for themselves and any of their agents, attorneys, employees, or representatives, hereby waive and release:

a. Any and all rights under the Equal Access to Justice Act, the Small Business Regulatory Enforcement Fairness Act of 1996, or any other provision of law to seek from the United States, or any agency, or any official of the United States acting in his or her official capacity, directly or indirectly, reimbursement of attorney's fees or other fees, expenses, or costs expended by Defendants that in any way relate to Counts VII, VIII and IX of the Complaint in the Litigation, including, but not limited to, investigative steps taken prior to commencing the Litigation.

b. Any and all claims, demands, rights, and causes of action of every kind and nature, asserted or unasserted, against the Commission and its present and former officers or employees that arise from or in any way relate to the Counts VII, VIII and IX of the Complaint in this Litigation, including, but not limited to, investigative steps taken prior to commencing the Litigation.

3. Each of the undersigned represents that they have the authority to execute this stipulation on behalf of the party so indicated.

[signatures on next page]

STIPULATED AND AGREED:

Robert M. Moye ([email protected])
Alyssa A. Qualls ([email protected])
Richard G. Stoltz ([email protected])
Christine S. Bautista ([email protected])
U.S. Securities and Exchange Commission
Chicago Regional Office
175 West Jackson Blvd., Suite 1450
Chicago, IL 60604
(312) 353-7390

Samuel J. Waldon
Acting Director, Division of Enforcement
Antonia M. Apps
Acting Deputy Director, Division of Enforcement
U.S. Securities and Exchange Commission
100 F. Street, NE
Washington, DC 20549
(202) 551-4500

Counsel for Plaintiff, U.S. Securities
and Exchange Commission

Mark David Hunter ([email protected])
Jenny Johnson-Sardella ([email protected])
Hunter Taubman Fischer & Li LLC
848 Brickell Ave., Suite 200
Miami, FL 33131
(305) 629-1180

Counsel for Defendants River North Equity, LLC and Edward M. Liceaga

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