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