SEC v. AGRIDIME LLC, No. 4:23-cv-01224, Northern District of Texas (Sept. 30, 2025) — Judgment

UNITED STATES DISTRICT COURT
FOR THE NORTHERN DISTRICT OF TEXAS
FORT WORTH DIVISION
UNITED STATES SECURITIES
AND EXCHANGE COMMISSION,
Plaintiff,
v. No. 4:23-cv-01224-P
AGRIDIME LLC, E T   AL.,
Defendants.
FINAL JUDGMENT AS TO DEFENDANT AGRIDIME
Before the Court is Motion for Entry of Agreed Final Judgments as
to  Defendants  LLC  and  Jed  Wood.  ECF  No.  177.  The Securities  and
Exchange   Commission   having   filed   a   Complaint   and   Defendant
Agridime  LLC  (“Defendant”)  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; waived
findings of fact and conclusions of law; and waived any right to appeal
from this Final Judgment:
I.
 It Is Hereby Ordered, Adjudged, And Decreed that Defendant is
permanently   restrained   and   enjoined   from   violating,   directly   or
indirectly,  Section  10(b)  of  the  Securities  Exchange  Act  of  1934  (the
“Exchange  Act”)  [15  U.S.C.  §  78j(b)]  and  Rule  10b-5  promulgated
thereunder    [17 C.F.R.    § 240.10b-5],    by    using    any    means    or
instrumentality of interstate commerce, or of the mails, or of any facility
of any national securities exchange, in connection with the purchase or
sale of any security:
(a)to employ any device, scheme, or artifice to defraud;
(b)to make any untrue statement of a material fact or to omit to state
a material fact necessary in order to make the statements made, in the

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light of the circumstances under which they were made, not misleading;
or
(c)   to  engage  in  any  act,  practice,  or  course  of  business  which
operates or would operate as a fraud or deceit upon any person.
 IT  IS  FURTHER  ORDERED,  Adjudged,  And  Decreed  that,  as
provided  in  Federal  Rule  of  Civil  Procedure  65(d)(2),  the  foregoing
paragraph  also  binds  the  following  who  receive  actual  notice  of  this
Final  Judgment  by  personal  service  or  otherwise:  (a)  Defendant’s
officers,  agents,  servants,  employees,  and  attorneys;  and  (b)  other
persons in active concert or participation with Defendant or with anyone
described in (a).
II.
 It  Is  HEREBY  Further  Ordered,  Adjudged,  And  Decreed  that
Defendant  is  permanently  restrained  and  enjoined  from  violating
Section  17(a)  of  the  Securities  Act  of  1933  (the  “Securities  Act”)  [15
U.S.C.  §  77q(a)]  in  the  offer  or  sale  of  any  security  by  the  use  of  any
means or instruments of transportation or communication in interstate
commerce or by use of the mails, directly or indirectly:
(a) to employ any device, scheme, or artifice to defraud;
(b) to obtain money or property by means of any untrue statement of
a material fact or any omission of a material fact necessary in order to
make  the  statements  made, in light of the circumstances under which
they were made, not misleading; or
 (c)  to engage in any transaction, practice, or course of business
which operates or would operate as a fraud or deceit upon the purchaser.
 IT  IS  FURTHER  ORDERED,  Adjudged,  And  Decreed  that,  as
provided  in  Federal  Rule  of  Civil  Procedure  65(d)(2),  the  foregoing
paragraph  also  binds  the  following  who  receive  actual  notice  of  this
Final  Judgment  by  personal  service  or  otherwise:  (a)  Defendant’s
officers,  agents,  servants,  employees,  and  attorneys;  and  (b)  other
persons in active concert or participation with Defendant or with anyone
described in (a).

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III.
 It  Is  HEREBY  Further  Ordered,  Adjudged,  And  Decreed  that
Defendant  is  permanently  restrained  and  enjoined  from  violating
Section 5 of the Securities Act [15 U.S.C. § 77e] by, directly or indirectly,
in the absence of any applicable exemption:
 (a)  Unless  a  registration  statement  is  in  effect  as  to  a  security,
making   use   of   any   means   or   instruments   of   transportation   or
communication  in  interstate  commerce  or  of  the  mails  to  sell  such
security through the use or medium of any prospectus or otherwise;
 (b)  Unless  a  registration  statement  is  in  effect  as  to  a  security,
carrying  or  causing  to  be  carried  through  the  mails  or  in  interstate
commerce,  by  any  means  or  instruments  of  transportation,  any  such
security for the purpose of sale or for delivery after sale; or
 (c) Making use of any means or instruments of transportation or
communication in interstate commerce or of the mails to offer to sell or
offer to buy through the use or medium of any prospectus or otherwise
any  security,  unless  a  registration  statement  has  been  filed  with  the
Commission as to such security, or while the registration statement is
the subject of a refusal order or stop order or (prior to the effective date
of  the  registration  statement)  any  public  proceeding  or  examination
under Section 8 of the Securities Act [15 U.S.C. § 77h].
 IT  IS  FURTHER  ORDERED,  Adjudged,  And  Decreed  that,  as
provided  in  Federal  Rule  of  Civil  Procedure  65(d)(2),  the  foregoing
paragraph  also  binds  the  following  who  receive  actual  notice  of  this
Final  Judgment  by  personal  service  or  otherwise:  (a)  Defendant’s
officers,  agents,  servants,  employees,  and  attorneys;  and  (b)  other
persons in active concert or participation with Defendant or with anyone
described in (a).
IV.
IT   IS   HEREBY   FURTHER   ORDERED,   ADJUDGED,   AND
DECREED that Defendant is liable for disgorgement of $102,936,904,
representing net profits gained as a result of the conduct alleged in the

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Complaint,  together  with  prejudgment  interest  thereon  in  the  amount
of $17,310,965.32, for a total of $120,247,869.32.
WHEREAS on December 11, 2023, the Court entered an Order that,
among  other  things,  found  that  the  appointment  of  a  receiver  in  this
action  was  necessary  and  appropriate  for  the  purposes  of  marshaling
and  preserving  all  assets  of  Defendant  Agridime,  LLC  and  appointed
Steve Fahey as Receiver for the estate of Agridime, LLC.  (Dkt. No. 15).
IT  IS  FURTHER  ORDERED,  ADJUDGED,  AND  DECREED  that
Defendant’s  obligations  to  pay  the  disgorgement  and  prejudgment
interest  amounts  identified  above  shall  be  deemed  satisfied  by  the
Receiver’s collection efforts.
V.
 It Is Further Ordered, Adjudged, And Decreed that the Consent
is incorporated herein with the same force and effect as if fully set forth
herein,  and  that  Defendant  shall  comply  with  all  of  the  undertakings
and agreements set forth therein.
VI.
 It  Is  Further  Ordered,  Adjudged,  And  Decreed  that  this  Court
shall retain jurisdiction of this matter for the purposes of enforcing the
terms of this Final Judgment.
VII.
In accordance with this Court’s order, and there being no just reason
for delay, pursuant to Rule 54(b) of the Federal Rules of Civil Procedure,
the  Clerk  is  ORDERED  to  enter  this  Final  Judgment  forthwith  and
without further notice.
SO ORDERED on this 19th day of September 2025.
UNITED STATES DISTRICT COURT
FOR THE NORTHERN DISTRICT OF TEXAS
FORT WORTH DIVISION
REGINALEA KEMP,
Plaintiff,
v. No. 4:23-cv-00841-P
REGIONSBANKET AL.,
Defendants.
ORDER
Before  the  Court  is  Plaintiff’s  Unopposed Motion  for Leave  to  File
Second Amended Complaint. ECF No. 18. Having considered the Motion
and applicable docket entries, the Court GRANTS the Motion.
SO ORDERED on this 18th day of September 2023.
______________________________________________
Mark T. Pittman
UNITED STATES DISTRICT JUDGE

UNITED STATES DISTRICT COURT 
FOR THE NORTHERN DISTRICT OF TEXAS 

FORT WORTH DIVISION 

UNITED STATES SECURITIES 
AND EXCHANGE COMMISSION, 

Plaintiff, 

v. No. 4:23-cv-01224-P 

AGRIDIME LLC, ET AL., 

Defendants. 
FINAL JUDGMENT AS TO DEFENDANT AGRIDIME 
Before the Court is Motion for Entry of Agreed Final Judgments as 

to Defendants LLC and Jed Wood. ECF No. 177. The Securities and 
Exchange Commission having filed a Complaint and Defendant 
Agridime LLC (“Defendant”) 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; waived 
findings of fact and conclusions of law; and waived any right to appeal 
from this Final Judgment: 

I. 

 It Is Hereby Ordered, Adjudged, And Decreed that Defendant is 
permanently restrained and enjoined from violating, directly or 
indirectly, Section 10(b) of the Securities Exchange Act of 1934 (the 
“Exchange Act”) [15 U.S.C. § 78j(b)] and Rule 10b-5 promulgated 
thereunder [17 C.F.R. § 240.10b-5], by using any means or 
instrumentality of interstate commerce, or of the mails, or of any facility 
of any national securities exchange, in connection with the purchase or 
sale of any security: 

(a) to employ any device, scheme, or artifice to defraud;

(b) to make any untrue statement of a material fact or to omit to state
a material fact necessary in order to make the statements made, in the 

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light of the circumstances under which they were made, not misleading; 
or 

(c) to engage in any act, practice, or course of business which 
operates or would operate as a fraud or deceit upon any person. 

 IT IS FURTHER ORDERED, Adjudged, And Decreed that, as 
provided in Federal Rule of Civil Procedure 65(d)(2), the foregoing 
paragraph also binds the following who receive actual notice of this 
Final Judgment by personal service or otherwise: (a) Defendant’s 
officers, agents, servants, employees, and attorneys; and (b) other 
persons in active concert or participation with Defendant or with anyone 
described in (a). 

II. 

 It Is HEREBY Further Ordered, Adjudged, And Decreed that 
Defendant is permanently restrained and enjoined from violating 
Section 17(a) of the Securities Act of 1933 (the “Securities Act”) [15 
U.S.C. § 77q(a)] in the offer or sale of any security by the use of any 
means or instruments of transportation or communication in interstate 
commerce or by use of the mails, directly or indirectly: 

(a) to employ any device, scheme, or artifice to defraud; 

(b) to obtain money or property by means of any untrue statement of 
a material fact or any omission of a material fact necessary in order to 
make the statements made, in light of the circumstances under which 
they were made, not misleading; or 

 (c) to engage in any transaction, practice, or course of business 
which operates or would operate as a fraud or deceit upon the purchaser. 

 IT IS FURTHER ORDERED, Adjudged, And Decreed that, as 
provided in Federal Rule of Civil Procedure 65(d)(2), the foregoing 
paragraph also binds the following who receive actual notice of this 
Final Judgment by personal service or otherwise: (a) Defendant’s 
officers, agents, servants, employees, and attorneys; and (b) other 
persons in active concert or participation with Defendant or with anyone 
described in (a). 

 

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III. 

 It Is HEREBY Further Ordered, Adjudged, And Decreed that 
Defendant is permanently restrained and enjoined from violating 
Section 5 of the Securities Act [15 U.S.C. § 77e] by, directly or indirectly, 
in the absence of any applicable exemption: 

 (a) Unless a registration statement is in effect as to a security, 
making use of any means or instruments of transportation or 
communication in interstate commerce or of the mails to sell such 
security through the use or medium of any prospectus or otherwise; 

 (b) Unless a registration statement is in effect as to a security, 
carrying or causing to be carried through the mails or in interstate 
commerce, by any means or instruments of transportation, any such 
security for the purpose of sale or for delivery after sale; or 

 (c) Making use of any means or instruments of transportation or 
communication in interstate commerce or of the mails to offer to sell or 
offer to buy through the use or medium of any prospectus or otherwise 
any security, unless a registration statement has been filed with the 
Commission as to such security, or while the registration statement is 
the subject of a refusal order or stop order or (prior to the effective date 
of the registration statement) any public proceeding or examination 
under Section 8 of the Securities Act [15 U.S.C. § 77h]. 

 IT IS FURTHER ORDERED, Adjudged, And Decreed that, as 
provided in Federal Rule of Civil Procedure 65(d)(2), the foregoing 
paragraph also binds the following who receive actual notice of this 
Final Judgment by personal service or otherwise: (a) Defendant’s 
officers, agents, servants, employees, and attorneys; and (b) other 
persons in active concert or participation with Defendant or with anyone 
described in (a). 

IV. 

IT IS HEREBY FURTHER ORDERED, ADJUDGED, AND 
DECREED that Defendant is liable for disgorgement of $102,936,904, 
representing net profits gained as a result of the conduct alleged in the 

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4 
 

Complaint, together with prejudgment interest thereon in the amount 
of $17,310,965.32, for a total of $120,247,869.32.   

WHEREAS on December 11, 2023, the Court entered an Order that, 
among other things, found that the appointment of a receiver in this 
action was necessary and appropriate for the purposes of marshaling 
and preserving all assets of Defendant Agridime, LLC and appointed 
Steve Fahey as Receiver for the estate of Agridime, LLC.  (Dkt. No. 15). 

IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that 
Defendant’s obligations to pay the disgorgement and prejudgment 
interest amounts identified above shall be deemed satisfied by the 
Receiver’s collection efforts. 

V. 

 It Is Further Ordered, Adjudged, And Decreed that the Consent 
is incorporated herein with the same force and effect as if fully set forth 
herein, and that Defendant shall comply with all of the undertakings 
and agreements set forth therein. 

VI. 

 It Is Further Ordered, Adjudged, And Decreed that this Court 
shall retain jurisdiction of this matter for the purposes of enforcing the 
terms of this Final Judgment. 

VII. 

In accordance with this Court’s order, and there being no just reason 
for delay, pursuant to Rule 54(b) of the Federal Rules of Civil Procedure, 
the Clerk is ORDERED to enter this Final Judgment forthwith and 
without further notice. 

SO ORDERED on this 19th day of September 2025. 

UNITED STATES DISTRICT COURT 
FOR THE NORTHERN DISTRICT OF TEXAS 

FORT WORTH DIVISION 

REGINALEA KEMP, 

Plaintiff, 

v. No. 4:23-cv-00841-P 

REGIONS BANK ET AL.,

Defendants. 
ORDER 

Before the Court is Plaintiff’s Unopposed Motion for Leave to File 
Second Amended Complaint. ECF No. 18. Having considered the Motion 
and applicable docket entries, the Court GRANTS the Motion.

SO ORDERED on this 18th day of September 2023.

______________________________________________ 
Mark T. Pittman 
UNITED STATES DISTRICT JUDGE 

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