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Wednesday, 03/17/2004 4:44:52 PM

Wednesday, March 17, 2004 4:44:52 PM

Post# of 3317
News from the US District Court in Nevada.

Case Number: CV-N-03-0463 - ECR-VPC
Securities and Exchange Commission VS Gabor S. Acs and Penny King Holdings, Inc

The court has granted a motion for a default judgment against Penny King Holdings Inc. The court had ruled that Acs was not permitted to plead before the court on behalf of the corporation, and he was unable to secure an attorney, so the court granted the SEC's motion for a default judgment. The case against Acs personally will continue as he may plead on his own behalf as an individual.


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