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Brief
The Securities and Exchange Commission has designated Administrative Law Judge Carol Fox Foelak to preside over an Equal Access to Justice Act proceeding involving Nano Magic Inc. This follows the company's petition to terminate a trading suspension order, which was vacated by the Commission in 2024. The judge will perform related duties according to the Commission's Rules of Practice. Main Purpose: The main purpose is to designate a presiding judge for an EAJA proceeding involving Nano Magic Inc. Impact on Industry: This decision affects Nano Magic Inc.'s ability to proceed with its EAJA claim and has implications for similar proceedings in the future. Compliance Considerations: Parties must comply with electronic filing requirements, serve orders and rulings through the Commission's Office of the Secretary, and email courtesy copies to alj@sec.gov.
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