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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
March 30, 2000
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(Date of earliest event reported)
Environmental Remediation
Holding Company
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(Exact name of registrant as specified in its charter)
Colorado 0-17325 58-2429712
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(State or other jurisdiction (Commission File No.) (IRS Employer
of incorporation) Identification No.) Identification
16101 LaGrande Drive, Suite 100
Little Rock, AK 82414
(Address of principal
executive offices,
including zip code)
Registrant's telephone number, including area code: (501) 821-2222
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Item 3. Bankruptcy or Receivership.
On March 30, 2000, Presiding District Court Judge Edward A. Simon of the
Second Judicial District Court for the City and County of Denver, Colorado
issued an order (Case No. 00CV1326) appointing Robert K. Kelley as Receiver of
Environmental Remediation Holding Corporation (ERHC) upon motion by various ERHC
shareholders. The derivative action makes several allegations, including fraud
and breach of fiduciary duty, against the current board of directors for ERHC.
On April 3, 2000, ERHC had the case removed to the United States District Court
for the District of Colorado (Civil Action No. 00-N-0679). On April 7, 2000,
Magistrate Judge O. Edward Schlatter issued an order staying any activity by Mr.
Kelley as Receiver until the question of federal jurisdiction was resolved. On
April 13, 2000, Magistrate Schlatter remanded the case to state court and
vacated the order of April 7, 2000 staying the actions of Mr. Kelley as Receiver
all of which had the effect of reinstating Judge Simon's appointment of Mr.
Kelley as Receiver. Under Judge Simon's order, Kelley is to act as Receiver
until ERHC shareholders are able to bring any and all claims they have against
prior ERHC management and until such claims can be resolved at a contested
hearing. Judge Simon's order discusses Mr. Kelley's duties with respect to
ERHC, Mr. Kelley's power and authority to act on behalf of ERHC, Mr. Kelley's
compensation, and procedures implemented by the court to monitor Mr. Kelley's
management of ERHC.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this Current Report on Form 8-K to be signed on its
behalf by the undersigned thereunto duly authorized.
Environmental Remediation Holding Corporation
By: /s/ Robert K. Kelley
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Name: Robert K. Kelley
Title: Receiver
Dated: April 20, 2000