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

Filing 43

ORDER RE EX PARTE APPLICATION (Doc. 38) signed by District Judge Lawrence J. O'Neill on April 12, 2016. (Munoz, I)

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UNITED STATES DISTRICT COURT

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FOR THE EASTERN DISTRICT OF CALIFORNIA

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SECURITIES AND EXCHANGE
COMMISSION,

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ORDER RE EX PARTE APPLICATION
(Doc. 38)

Plaintiff,

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1:16-cv-344-LJO-JLT

v.
BIC REAL ESTATE DEVELOPMENT
CORPORATION, et al.,
Defendants.

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The Court has received and reviewed the ex parte application of Federal Equity Receiver David

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11 Stapleton (“the Receiver”) in which he seeks a court order (1) authorizing his 6-month budget plan for
12 the Receivership and (2) authorizing his use of the law firm of Allen Matkins Leck Gamble Mallory &
13 Natsis LLP (“Allen Matkins”) to assist the Receivership. See Doc. 38 at 2. The Receiver requests that
14 the Court permit him to incur $160,000-$200,000 in costs and for Allen Matkins to incur $130,00015 $175,000 in costs in the next six months. See Doc. 39 at 4.
The Court authorizes the Receiver to incur $80,000 in costs and Allen Matkins to incur $65,000

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17 in costs through June 12, 2016. On or before June 12, 2016, the Receiver shall submit a report to the
18 Court in which he shall (1) outline the tasks the Receivership has performed and the costs it has
19 incurred; (2) outline the tasks the Receivership intends to perform through October 2016; and (3)
20 provide a reasoned estimate of the Receiver’s and Allen Matkins’s projected costs through October
21 2016.
22 IT IS SO ORDERED.
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Dated:

/s/ Lawrence J. O’Neill

April 12, 2016

UNITED STATES DISTRICT JUDGE
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