SEC v. Nova Labs, Inc., No. 1:25-cv-00539, Southern District of New York (Apr. 24, 2025) — Judgment
raw: SEC v. NOVA LABS
SEC v. NOVA LABS, No. 1:25-cv-00539 (S.D.N.Y. Apr. 24, 2025)
Nova Labs, Inc. agreed to a consent judgment with the SEC to pay a $200,000 civil penalty regarding alleged violations of the Securities Act.
Nova Labs, Inc. entered into a proposed final judgment with the SEC to resolve allegations involving violations of the Securities Act. The defendant is ordered to pay a $200,000 civil penalty to the Securities and Exchange Commission. This settlement was reached without the defendant admitting or denying the allegations of the complaint.
The Securities and Exchange Commission filed a civil enforcement action against Nova Labs, Inc. in the U.S. District Court for the Southern District of New York. Under the terms of a proposed final judgment on consent, Nova Labs, Inc. agreed to pay a $200,000 civil penalty pursuant to Section 20(d) of the Securities Act. The defendant entered this judgment without admitting or denying the allegations contained in the SEC's complaint. The court ordered that the penalty must be paid within 30 days of the entry of the final judgment. Following this payment, all other claims and relief sought in the action were dismissed with prejudice. The court will retain jurisdiction over the matter solely for the purpose of enforcing the terms of the judgment.
Extracted insights
- $200K $200,000 $100K–$1M
- person general appearance
- company nova labs, inc.
- Securities And Exchange Commission filed Complaint
- Nova Labs, Inc. entered general appearance
- Nova Labs, Inc. consented to Court’s jurisdiction over Defendant and the subject matter of this action
- Nova Labs, Inc. consented to entry of this Final Judgment without admitting or denying the allegations of the Complaint
- Nova Labs, Inc. waived findings of fact and conclusions of law
- Nova Labs, Inc. waived any right to appeal from this Final Judgment
- Nova Labs, Inc. shall pay civil penalty in the amount of $200,000 to the Securities and Exchange Commission
- Nova Labs, Inc. shall make payment within 30 days after entry of this Final Judgment
- Commission shall send funds paid pursuant to this Final Judgment to the United States Treasury
- Commission may enforce Court’s judgment for penalties by the use of all collection procedures authorized by law
- Nova Labs, Inc. shall pay post-judgment interest on any amounts due after 30 days of the entry of this Final Judgment
- Court incorporates Consent of Nova Labs, Inc., dated March 7, 2025
- Court dismisses all other claims and relief sought in this action based on the conduct alleged in the Complaint through the date of this Final Judgment
- Court shall retain jurisdiction of this matter solely for the purposes of enforcing the terms of this Final Judgment
1 UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK SECURITIES AND EXCHANGE COMMISSION, Plaintiff, C.A. No. 25-cv-00539 (MKV) v. NOVA LABS, INC. Defendant. [PROPOSED] FINAL JUDGMENT ON CONSENT AS TO DEFENDANT NOVA LABS, INC. The Securities and Exchange Commission having filed a Complaint and Defendant Nova Labs, Inc. having entered a general appearance; consented to the Court’s jurisdiction over Defendant and the subject matter of this action; consented to entry of this Final Judgment without admitting or denying the allegations of the Complaint (except as to jurisdiction); waived findings of fact and conclusions of law; and waived any right to appeal from this Final Judgment: I. IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that Defendant shall pay a civil penalty in the amount of $200,000 to the Securities and Exchange Commission pursuant to Section 20(d) of the Securities Act [15 U.S.C. § 77t(d) ]. Defendant shall make this payment within 30 days after entry of this Final Judgment. Defendant may transmit payment electronically to the Commission, which will provide detailed ACH transfer/Fedwire instructions upon request. Payment may also be made directly f rom a bank account via Pay.gov through the SEC website at http://www.sec.gov/about/offices/ofm.htm. Defendant may also pay by certified check, bank 4/23/2025 USDC SDNY DOCUMENT ELECTRONICALLY FILED DOC #: DATE FILED: 2 cashier’s check, or United States postal money order payable to the Securities and Exchange Commission, which shall be delivered or mailed to Enterprise Services Center Accounts Receivable Branch 6500 South MacArthur Boulevard Oklahoma City, OK 73169 and shall be accompanied by a letter identifying the case title, civil action number, and name of this Court; Nova Labs as a defendant in this action; and specifying that payment is made pursuant to this Final Judgment. Defendant shall simultaneously transmit photocopies of evidence of payment and case identifying information to the Commission’s counsel in this action. By making this payment, Defendant relinquishes all legal and equitable right, title, and interest in such funds and no part o f the funds shall be returned to Defendant. The Commission shall send the funds paid pursuant to this Final Judgment to the United States Treasury. The Commission may enforce the Court’s judgment for penalties by the use of all collection procedures authorized by law, including the Federal Debt Collection Procedures Act, 28 U.S.C. §§ 3001 et seq., and moving for civil contempt for the violation of any Court orders issued in this action. Defendant shall pay post-judgment interest on any amounts due after 30 d ays of the entry of this Final Judgment pursuant to 28 USC § 1961. II. IT IS FURTHER ORDERED, ADJUDGED, AND DECREED the Consent of Nova Labs, Inc., dated March 7, 2025 (“Consent”), is incorporated herein with the same force and effect as if fully set forth herein, and that except as otherwise stated in this Final Judgment and the Consent, the Court hereby dismisses with prejudice all other claims and relief sought in this action based on the conduct alleged in the Complaint through the date of this Final Judgment. 3 III. IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that this Court shall retain jurisdiction of this matter solely for the purposes of enforcing the terms of this Final Judgment. Dated: ________________, 2025 New York, New York ____________________________________ HON. MARY KAY VYSKOCIL UNITED STATES DISTRICT JUDGE April 23
1 UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK SECURITIES AND EXCHANGE COMMISSION, Plaintiff, C.A. No. 25-cv-00539 (MKV) v. NOVA LABS, INC. Defendant. [PROPOSED] FINAL JUDGMENT ON CONSENT AS TO DEFENDANT NOVA LABS, INC. The Securities and Exchange Commission having filed a Complaint and Defendant Nova Labs, Inc. having entered a general appearance; consented to the Court’s jurisdiction over Defendant and the subject matter of this action; consented to entry of this Final Judgment without admitting or denying the allegations of the Complaint (except as to jurisdiction); waived findings of fact and conclusions of law; and waived any right to appeal from this Final Judgment: I. IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that Defendant shall pay a civil penalty in the amount of $200,000 to the Securities and Exchange Commission pursuant to Section 20(d) of the Securities Act [15 U.S.C. § 77t(d)]. Defendant shall make this payment within 30 days after entry of this Final Judgment. Defendant may transmit payment electronically to the Commission, which will provide detailed ACH transfer/Fedwire instructions upon request. Payment may also be made directly from a bank account via Pay.gov through the SEC website at http://www.sec.gov/about/offices/ofm.htm. Defendant may also pay by certified check, bank 4/23/2025 USDC SDNY DOCUMENT ELECTRONICALLY FILED DOC #: DATE FILED: http://www.google.com/search?q=15+u.s.c.++77t(d) 2 cashier’s check, or United States postal money order payable to the Securities and Exchange Commission, which shall be delivered or mailed to Enterprise Services Center Accounts Receivable Branch 6500 South MacArthur Boulevard Oklahoma City, OK 73169 and shall be accompanied by a letter identifying the case title, civil action number, and name of this Court; Nova Labs as a defendant in this action; and specifying that payment is made pursuant to this Final Judgment. Defendant shall simultaneously transmit photocopies of evidence of payment and case identifying information to the Commission’s counsel in this action. By making this payment, Defendant relinquishes all legal and equitable right, title, and interest in such funds and no part of the funds shall be returned to Defendant. The Commission shall send the funds paid pursuant to this Final Judgment to the United States Treasury. The Commission may enforce the Court’s judgment for penalties by the use of all collection procedures authorized by law, including the Federal Debt Collection Procedures Act, 28 U.S.C. §§ 3001 et seq., and moving for civil contempt for the violation of any Court orders issued in this action. Defendant shall pay post-judgment interest on any amounts due after 30 days of the entry of this Final Judgment pursuant to 28 USC § 1961. II. IT IS FURTHER ORDERED, ADJUDGED, AND DECREED the Consent of Nova Labs, Inc., dated March 7, 2025 (“Consent”), is incorporated herein with the same force and effect as if fully set forth herein, and that except as otherwise stated in this Final Judgment and the Consent, the Court hereby dismisses with prejudice all other claims and relief sought in this action based on the conduct alleged in the Complaint through the date of this Final Judgment. http://www.google.com/search?q=28+u.s.c.++3001 http://www.google.com/search?q=28+usc++1961 3 III. IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that this Court shall retain jurisdiction of this matter solely for the purposes of enforcing the terms of this Final Judgment. Dated: ________________, 2025 New York, New York ____________________________________ HON. MARY KAY VYSKOCIL UNITED STATES DISTRICT JUDGE April 23