Securities And Exchange Commission v. Pierce

Filing 40

ORDER GRANTING DECLARATORY RELIEF REGARDING ENFORCEMENT OF ORDER (SI, COURT STAFF) (Filed on 12/17/2010)

Securities And Exchange Commission v. Pierce

Doc. 40

1 2 3 4 5 6 7 8 9 10 United United States District Court For the Northern District of California 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 On December 16, 2010, the Court held a hearing on respondent's motion for declaratory and other relief regarding enforcement of this Court's September 2, 2010 order ("the Order"). (Docket No. 27). The Court ORDERS Pierce to satisfy his remaining payment obligation to the SEC under the Order according to the following payment plan ("the Plan"): 1. 2. Payment of $1 million to the SEC by wire transfer on or before December 31, 2010; Payment of the remaining balance due under the Order on or before February 15, 2011; and 3. Securing the payments due under paragraphs 1 and 2 above with a collateral mortgage substantially in the form attached as Exhibits A and B to the Declaration of Christopher B. Wells filed on September 23, 2010. If Mr. Pierce fails to comply with any of the terms of the Plan, the SEC shall be entitled SECURITIES AND EXCHANGE COMMISSION, Applicant, v. GORDON BRENT PIERCE, Respondent. / No. C 10-80129 SI ORDER GRANTING DECLARATORY RELIEF REGARDING ENFORCEMENT OF ORDER IN THE UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF CALIFORNIA

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1 2 3 4 5 6 7 8 9 10 United States District Court For the Northern District of California 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28

immediately to request that a judgment be entered on the Order and to begin collection proceedings on such judgment.

IT IS SO ORDERED.

Dated: December 17, 2010

SUSAN ILLSTON United States District Judge

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