U.S. SECURITIES AND EXCHANGE COMMISSION

Litigation Release No. 20954 / March 13, 2009

Securities and Exchange Commission v. Glenn E. Glasshagel, Case No. 05-61159-CIV-Cooke/Bandstra (S.D. Fla.)

COURT ENTERS FINAL JUDGMENT SETTING DISGORGEMENT, PREJUDGMENT INTEREST AND A CIVIL PENALTY AGAINST GLENN E. GLASSHAGEL

The Securities and Exchange Commission announced that on March 6, 2009, the Honorable Marcia G. Cooke, United States District Judge for the Southern District of Florida, entered a final judgment ordering Glenn E. Glasshagel to pay $35,000 in disgorgement, plus prejudgment interest of $8,310 and a $110,000 civil penalty for his scheme to manipulate Roadhouse Grill, Inc.'s earnings between 1999 and 2000.

Previously, on November 1, 2006, the Court entered a judgment of permanent injunction and other relief against Glasshagel by consent, enjoining him from future violations of Sections 10(b) and 13(b)(5) of the Securities Exchange Act of 1934, and Rules 10b-5, 13b2-1 and 13b2-2 thereunder, and from aiding and abetting any future violations of Sections 13(a), 13(b)(2)(A) and 13(b)(2)(B) of the Exchange Act and Rules 12b-20, 13a-1 and 13a-13 thereunder. In addition, the November 1 judgment barred Glasshagel from acting as an officer or director of any public company.

For more information on earlier actions in this case, see LR-19309, AAE Rel. 2280 (July 25, 2005) and LR-19911 (Nov. 15, 2006).

http://www.sec.gov/litigation/litreleases/2009/lr20954.htm