| |
| | Holden, Skooglund, Padda, and Beal: Lit. Rel. No. 17156 / September 27, 2001 |
 | | During those years, Padda was Sabratek's chief executive officer and chairman of the board; Holden was at first Sabratek's chief financial officer, controller, and treasurer and then later its president and treasurer; Beal was Sabratek's vice president of sales; and Skooglund was Sabratek's vice president of finance and chief accounting officer. |
 | | Simultaneously with the filing of the Commission's complaint, Padda and Beal consented to settle the Commission's suit, without admitting or denying the Commission's allegations. |
 | | Padda consented to the entry of a final judgment that permanently enjoins him from violations of Sections 10(b), 13(a), 13(b)(2)(A), 13(b)(2)(B) and 13(b)(5) of the Exchange Act and Rules 10b-5, 12b-20, 13a-1, 13a-13, 13b2-1, and 13b2-2 thereunder, and orders him to pay $125,000 in civil penalties. |
| www.sec.gov /litigation/litreleases/lr17156.htm (902 words) |
|