SEC v. SAEXPLORATION HOLDINGS, No. 1:20-CV-08423, Southern District of New York (Apr. 25, 2023)

The SEC successfully moved to dismiss all claims against relief defendant Lori Hastings while seeking final judgment against Jeffrey Hastings in an enforcement action against SAExploration Holdings, Inc.

The U.S. Securities and Exchange Commission filed a motion for entry of final judgment against Jeffrey Hastings and dismissal of relief defendant Lori Hastings. The court in the Southern District of New York granted the motion, resulting in the dismissal of all pending claims against Lori Hastings. The provided legal order does not specify the underlying fraud allegations or the total dollar amounts involved in the litigation.

The U.S. Securities and Exchange Commission initiated an enforcement action against SAExploration Holdings, Inc., Jeffrey Hastings, and relief defendant Lori Hastings. In a motion filed in the Southern District of New York, the SEC sought a final judgment against Jeffrey Hastings and the dismissal of claims against Lori Hastings. Judge Paul G. Gardephe granted the motion, officially ordering the dismissal of all claims pending against Lori Hastings. While the order resolves the claims against the relief defendant, it pertains to a broader case involving allegations of misconduct. The document does not disclose the specific details of the fraudulent activities or the monetary amounts at stake. This judicial order marks a specific resolution for Hastings within the ongoing litigation against the other defendants.