Securities and Exchange Commission v. RMR Asset Management Company

UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF CALIFORNIA 10 SECURITIES AND EXCHANGE Case No.: 18-CV-1895-AJB-LL

COMMISSION,

ORDER GRANTING PLAINTIFF’S

Plaintiff, MOTION FOR SUMMARY v. JUDGMENT AGAINST RICHARD

GOUNAUD, MICHAEL SEAN

RMR ASSET MANAGEMENT

MURPHY, AND JOCELYN COMPANY, et al.,

MURPHY

Defendants.

21 (Doc. Nos. 115, 133) 22 Presently before the Court is Plaintiff’s motion for summary judgment against Richard Gounaud, Michael Sean Murphy, and Jocelyn Murphy. (Doc. No. 115.) Defendant Richard Gounaud opposes this motion. (Doc. No. 122.) Defendants Michael Sean Murphy and Jocelyn Murphy also oppose this motion. (Doc. No. 123.) The Court held a hearing on Plaintiff’s motion for summary judgment on July 23, 2020. For the reasons set forth more clearly below, the Court GRANTS Plaintiff’s motion for summary judgment. BACKGROUND Ralph Riccardi founded RMR in…