U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 21786 / December 21, 2010

Securities and Exchange Commission v. Alternate Energy Holdings, Inc., Donald L. Gillispie, and Jennifer Ransom, Defendants, and Bosco Financial, LLC and Energy Executive Consulting, LLC, Relief Defendants, Civil No. 1:10-cv-00621-EJL (S.D. Idaho, filed December 16, 2010)

COURT ENTERS TEMPORARY RESTRAINING ORDER FREEZING ASSETS AND ENJOINING VIOLATIONS OF THE ANTI-FRAUD PROVISIONS OF THE SECURITIES ACT OF 1933 AND THE SECURITIES EXCHANGE ACT OF 1934

On December 16, 2010, United States District Judge Edward J. Lodge entered a Temporary Restraining Order freezing the assets of defendants Alternate Energy Holdings Inc. (AEHI), Chief Executive Officer Donald L. Gillispie and Senior Vice President Jennifer Ransom, and relief defendants Bosco Financial, LLC and Energy Executive Consulting, LLC. The Order temporarily restrains AEHI from violating Sections 13(a) and 17(a) of the Securities Act of 1933 (Securities Act) and Rule 13a-11 thereunder, and Section 10(b) of the Securities Exchange Act of 1934 (Exchange Act) and Rule 10b-5 thereunder. The Order also temporarily restrains Gillispie from violating Section 17(a) of the Securities Act and Sections 10(b) and 16(a) of the Exchange Act and Rules 10b-5 and 16a-3 thereunder, and from aiding and abetting violations of Section 10(b) of the Exchange Act and Rule 10b-5 thereunder. The Order also temporarily restrains Ransom from violating Section 16(a) of the Exchange Act and Rule 16a-3 threunder, and from aiding and abetting violations of Section 10(b) of the Exchange Act and Rule 10b-5 thereunder.

On the same day, Judge Lodge entered an Order to Show Cause requiring defendants to show cause why the Court should not enter a Preliminary Injunction and order preliminary relief against them.

Related Litigation Release No. 21783

 
http://www.sec.gov/litigation/litreleases/2010/lr21786.htm

Last modified: 12/21/2010