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

Filing 86

ORDER re Receiver's Supplemental Status Report, signed by Chief Judge Lawrence J. O'Neill on 8/16/16. (Marrujo, C)

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1 2 UNITED STATES DISTRICT COURT 3 FOR THE EASTERN DISTRICT OF CALIFORNIA 4 5 6 SECURITIES AND EXCHANGE COMMISSION, ORDER RE RECEIVER’S SUPPLEMENTAL STATUS REPORT Plaintiff, 7 v. 8 9 1:16-CV-344-LJO-JLT BIC REAL ESTATE DEVELOPMENT CORP., et al., 10 Defendants. 11 12 On August 3, 2016, the Court-appointed Receiver requested that the Court order: (1) 13 LendingClub.com to turn over to the Receiver all funds held in Defendant Daniel Nase’s Lending Club 14 Account (ending in 1059) and (2) reaffirming the Receiver’s exclusive authority and control over BIC 15 Real Estate Corporation’s Lending Club Account (ending in 7613) and directing LendingClub.com to 16 comply with all instructions from the Receiver and his staff. 17 There being no objection from Defendants, the Court GRANTS the Receiver’s requests, as 18 outlined more fully in his August 3, 2016 supplemental status report (Doc. 85). 19 20 IT IS SO ORDERED. 21 Dated: /s/ Lawrence J. O’Neill _____ August 16, 2016 UNITED STATES CHIEF DISTRICT JUDGE 22 23 24 25 1

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