Superior Opportunities, Inc., et al.

U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 21773 / December 13, 2010

FINAL JUDGMENT ENTERED AGAINST DEFENDANTS WILLIAM J. HICKEY AND SEAN A. OSBORNE

Securities and Exchange Commission v. Superior Opportunities, Inc., et al., Civil Action No. 04-80021-CIV-HURLEY/HOPKINS (S.D. Fla.)

The Commission announced that on October 27, 2010, the United States District Court for the Southern District of Florida entered a Final Judgment against Defendants William J. Hickey and Sean A. Osborne. Following an evidentiary hearing on the Commission's motion to set disgorgement and civil penalty against Hickey and Osborne, the Court entered the Final Judgment ordering them to pay disgorgement of $224,290 and $373,819, with prejudgment interest of $5,079.62 and $8,466.07, respectively. In addition, the Court ordered Hickey and Osborne to pay civil penalties in the amount of $15,000 each. Previously the Court entered Judgments against Hickey and Osborne, by consent, which enjoined them from violations of Sections 5(a), 5(c) and 17(a)(2) and (3) of the Securities Act of 1933, and Section 10(b) and Rule 10b-5 of the Securities Exchange Act of 1934.

For additional information, see Litigation Release No. 18545 (January 16, 2004), Release No. 18937 (October 22, 2004 and Release No. 18992 (December 6, 2004).