Premier Holding Corp. (fka PRHL)

[DFW13]

Dear Mr. Wright:
Thank you for your email. As you may now know, the Court has entered summary judgments against Premier and Letcavage and has ordered more than $8.6 million jointly and severally in disgorgement plus $1 million penalty each. Absent a stay, if these defendants do not timely make payment, the Commission will see to collect funds and assets to satisfy the final judgments against Premier and Mr. Letcavage. If the SEC collects funds and assets it will try to equitably distribute the funds and assets to the victims of the fraud. With notice to those concerned, the Court will decide how those funds and assets are ultimately distributed. Right now, the Defendants have not paid any funds or assets to satisfy the judgments and they have told the Court they will appeal the judgments. I have attached the judgments and summary judgment order.
Sincerely,


Bennett Ellenbogen
S.E.C.