SEC v. Waldon

Filing 28

ORDER signed by Judge Lawrence K. Karlton on 11/28/12, the Commission is hereby ordered to file, within 60 days of the date of this order, a plan for distributing the funds, as contemplated in the Final Judgment. (Kastilahn, A)

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UNITED STATES DISTRICT COURT
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FOR THE EASTERN DISTRICT OF CALIFORNIA
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SECURITIES AND EXCHANGE
COMMISSION,

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NO. CIV. S-02-1395 LKK/KJM
Plaintiff,

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v.
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O R D E R
GREGORY P. WALDON,

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Defendant.
/

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Some things just fall between the cracks.

On August 13,

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2003, the court entered a Final Judgment of Permanent Injunction

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and Other Relief (ECF No. 25) against defendant Gregory P. Waldon

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in this enforcement action brought by the Securities and Exchange

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Commission (“Commission”).

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payments by Waldon to the Clerk of the Court, totaling $90,000 in

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disgorgement. The judgment further called for the disgorged funds

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to be “distributed pursuant to a Court-approved plan to be proposed

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by motion of the Commission.”

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The

$90,000

in

September 20, 2005.

The judgment called for installment

disgorgement

payments

were

completed

on

However, the Final Judgment contained no
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explicit deadline for filing the Commission’s motion proposing a

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distribution plan, and no such motion was ever made.

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Accordingly, the Commission is hereby ordered to file, within

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sixty (60) days of the date of this order, a plan for distributing

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these funds, as contemplated in the Final Judgment.

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IT IS SO ORDERED.

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DATED:

November 28, 2012.

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