Securities and Exchange Commission v. Vassallo et al

Filing 301

ORDER signed by Senior Judge Lawrence K. Karlton on 6/7/10 ORDERING Receiver's Motion to Approve the Settlement with the Moorelands #284 is GRANTED. (Carlos, K)

1 FUTTERMAN DUPREE DODD CROLEY MAIER LLP JAMIE L. DUPREE (158105) 2 JAIME G. TOUCHSTONE (233187) 180 Sansome Street, 17th Floor 3 San Francisco, CA 94104 Telephone: [phone] Facsimile: [phone] [e-mail] 5 [e-mail] 6 Attorneys for Receiver Stephen E. Anderson 7 8 9 10 11 SECURITIES AND EXCHANGE COMMISSION, 12 Plaintiff v. 13 ANTHONY VASSALLO, et al, 14 Defendants. 15 16 17 18 19 20 21 22 23 24 25 26 27 28
FUTTERMAN DUPREE DODD CROLEY MAIER LLP

UNITED STATES DISTRICT COURT EASTERN DISTRICT OF CALIFORNIA SACRAMENTO Case No. CV 09-000665 LKK-DAD ORDER GRANTING RECEIVER'S MOTION TO APPROVE SETTLEMENT WITH LONNI AND JAY MOORELAND Date: Time: Location: Judge: June 7, 2010 10:00 a.m. Courtroom 4, 15th Floor Hon. Lawrence K. Karlton

The motion of Receiver Stephen E. Anderson ("Receiver") to Approve Settlement with Lonni and Jay Mooreland came on regularly for hearing in Courtroom 4 of the above-entitled Court on June 7, 2010, at 10:00 a.m., the Honorable Lawrence K. Karlton presiding, with counsel appearing on behalf of Receiver. The Court having considered the papers submitted in support of such motion, and the arguments of counsel and for good cause shown, THE COURT FINDS AND ORDERS AS FOLLOWS: Receiver's Motion to Approve the Settlement with the Moorelands IS HEREBY GRANTED. Adequate and proper notice of this motion was provided to Defendant Equity Investment Management and Trading, Inc. ("EIMT") investors and other interested parties. The settlement

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[PROPOSED] ORDER GRANTING RECEIVER'S MOTION TO APPROVE SETTLEMENT WITH THE MOORELANDS CASE NO. CV 09-000665 LKK-DAD

1 is fair and equitable to the defrauded EIMT investors, and provides substantial value while 2 minimizing expenses to the receivership estate. 3 4 5 Dated: June 7, 2010 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28
FUTTERMAN DUPREE DODD CROLEY MAIER LLP

IT IS SO ORDERED.

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[PROPOSED] ORDER GRANTING RECEIVER'S MOTION TO APPROVE SETTLEMENT WITH THE MOORELANDS CASE NO. CV 09-000665 LKK-DAD