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STATE OF
DOCKET NO. CV-03-77
STATE OF
SECURITIES ADMINISTRATOR, )
)
Plaintiffs, )
)
v. ) ORDER
)
KRISTOPHER T. SAUNDERS, )
)
Defendant. )
Following a hearing on the State’s Complaint for Punitive and Remedial Sanctions for Contempt of Court, during which the Court found defendant Kristopher T. Saunders in contempt of court for failing to comply with the Consent Judgment signed by the Court on April 18, 2003, IT IS ORDERED that defendant shall purge his contempt by completing the following:
1. Defendant shall disgorge a total of $18,350 to the Securities Administrator by disgorging $2000 on or before January 2, 2004, and then $1362.50 on or before the first day of each month thereafter until the entire amount has been disgorged;
2. Defendant shall submit an affidavit to the Securities Administrator on or before October 1, 2003, attesting that defendant has completed distribution of the Edulink shares to their rightful owners; and
Dated:
K. Studstrup, Justice