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IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF MARYLAND

: SECURITIES EXCHANGE COMMISSION : : v. : : MICHAEL RESNICK and MARK P. KAISER : : :

Civil No. CCB-05-1254

ORDER In accordance with the foregoing Memorandum, it is hereby ORDERED that the Securities Exchange Commission's Motion in Limine with Respect to the Effect of Defendant Kaiser's Appeal of His Criminal Conviction on Collateral Estoppel (docket entry no. 90) is GRANTED. Counsel will be contacted to schedule further proceedings in this case.

June 3, 2008 Date

/s/ Catherine C. Blake United States District Judge



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