Sec, et al v. Kimmes, et al

Filing 998

MEMORANDUM Order: This Court has been provided a copy of the parties' agreed-upon document entitled "Assignment of Shares," already executed by defendant Thomas Quinn ("Quinn") as "Assignor" and about to be execut ed by plaintiff Securities and Exchange Commission ("SEC") as "Assignee," prepared in accordance with this Court's prior directive to the parties. That document appears sufficient to enable a determination of ownership unde r French law (a subject on which this Court expresses no substantive views) as to the shares in a French company (socit civile) named SCI Le Mas Des Roses, which is the only asset of value now known to the SEC to constitute a potential addition to the recoveries previously obtained from Quinn toward satisfaction of the May 3, 1994 judgment in this long-pending litigation. This Court therefore holds that no further purpose would be served by the continued detention of Quinn under the principles of civil contempt. And that being so, this Court orders Quinn to be released from federal custody forthwith. Signed by the Honorable Milton I. Shadur on 5/13/2016:Mailed notice(clw, )

IN THE UNITED STATES DISTRICT COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS
EASTERN DIVISION
UNITED STATES SECURITIES AND
EXCHANGE COMMISSION,
Plaintiff,
v.
THOMAS F. QUINN,
Defendant.

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Case No. 89 C 5942

MEMORANDUM ORDER
This Court has been provided a copy of the parties' agreed-upon document entitled
"Assignment of Shares," already executed by defendant Thomas Quinn ("Quinn") as "Assignor"
and about to be executed by plaintiff Securities and Exchange Commission ("SEC") as
"Assignee," prepared in accordance with this Court's prior directive to the parties. That
document appears sufficient to enable a determination of ownership under French law (a subject
on which this Court expresses no substantive views) as to the shares in a French company
(société civile) named SCI Le Mas Des Roses, which is the only asset of value now known to the
SEC to constitute a potential addition to the recoveries previously obtained from Quinn toward
satisfaction of the May 3, 1994 judgment in this long-pending litigation.
This Court therefore holds that no further purpose would be served by the continued
detention of Quinn under the principles of civil contempt. And that being so, this Court orders
Quinn to be released from federal custody forthwith.

Date: May 13, 2016

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Milton I. Shadur
Senior United States District Judge