Securities and Exchange Commission v. BIC Real Estate Development Corporation et al

Filing 179

ORDER and STIPULATION to Dismiss Claims Against Relief Defendant Margarita Nase signed by Chief Judge Lawrence J. O'Neill on 03/22/2017. (Flores, E)

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UNITED STATES DISTRICT COURT

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EASTERN DISTRICT OF CALIFORNIA

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SECURITIES AND EXCHANGE
COMMISSION,

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Plaintiff,

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vs.
BIC REAL ESTATE DEVELOPMENT
CORPORATION and DANIEL R.
NASE, individually and d/b/a
BAKERSFIELD INVESTMENT
CLUB,
Defendants,
BIC SOLO 401K TRUST and
MARGARITA NASE,
Relief Defendants.

Case No. 1:16-cv-00344-LJO-JLT
STIPULATION TO DISMISS
CLAIMS AGAINST RELIEF
DEFENDANT MARGARITA NASE
AND ORDER

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WHEREAS, on March 11, 2016, the Securities and Exchange Commission

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(“SEC”) commenced this action and named Margarita Nase as a Relief Defendant;

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and

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WHEREAS, the Receiver has informed the SEC that it has recovered from

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Margarita Nase all funds and/or property in her possession, custody, or control which

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were traceable to the alleged fraud; and

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WHEREAS, Margarita Nase waives any rights under the Equal Access to

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Justice Act, the Small Business Regulatory Enforcement Fairness Act of 1996, or any

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other provision of law to seek from the United States, or any agency, or any official

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of the United States acting in his or her official capacity, directly or indirectly,

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reimbursement of attorney’s fees or other fees, expenses, or costs expended by Relief

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Defendant to defend against this action. For these purposes, Relief Defendant agrees

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that Relief Defendant is not the prevailing party in this action since the parties have

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reached a good faith settlement; and

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WHEREAS, in light of the foregoing, the SEC and Margarita Nase have agreed

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to stipulate to the dismissal of the SEC’s claim against her as a Relief Defendant;

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NOW THEREFORE, IT IS STIPULATED as follows:

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The SEC’s claim against Relief Defendant Margarita Nase is dismissed.

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Respectfully submitted,

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Dated: March 22, 2017

/s/ John B. Bulgozdy
John B. Bulgozdy
Manuel Vazquez
Matthew T. Montgomery
Attorneys for Plaintiff
Securities and Exchange Commission

Dated: March 22, 2017

/s/ Scott Vick
Scott Vick
Vick Law Group, APC
Attorneys for Relief Defendant Margarita
Nase

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I hereby attest that all other signatories listed concur in the filing of this document

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and have authorized its filing.

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/s/ John B. Bulgozdy

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IT IS SO ORDERED.
Dated:

/s/ Lawrence J. O’Neill _____

March 22, 2017

UNITED STATES CHIEF DISTRICT JUDGE

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