Securities and Exchange Commission v. Aveo Pharmaceuticals, Inc.

United States District Court District of Massachusetts ) United States Securities and ) Exchange Commission, ) ) Plaintiff, ) ) v. ) Civil Action No. ) 16-10607-NMG David Johnston, ) ) Defendant. ) ) MEMORANDUM & ORDER GORTON, J. Following an eight-day trial after which the jury found David Johnston (“Johnston” or “defendant”) liable for securities violations, the Securities and Exchange Commission (“the SEC”) has moved for final judgment. The SEC seeks an officer and director bar, disgorgement, prejudgment interest, civil penalties and a permanent injunction. I. Background In 2016, the SEC…