Securities and Exchange Commission v. Capital Financial Partners, LLC et al

Filing 64

Judge Indira Talwani: ORDER MODIFYING PRELIMINARY INJUNCTION entered re 62 Assented to MOTION to Modify Preliminary Injunction Order (MacDonald, Gail)

UNITED STATES DISTRICT COURT

DISTRICT OF MASSACHUSETTS

)

SECURITIES AND EXCHANGE COMMISSION,
Plaintiff,

v.
CAPITAL FINANCIAL PARTNERS, LLC,
CAPITAL FINANCIAL HOLDINGS, LLC,
CAPITAL FINANCIAL PARTNERS
ENTERPRISES, LLC,
WILLIAM D. ALLEN and
SUSAN C. DAUB,
Defendants,
and
WJBA INVESTMENTS, LLC,

INSURANCE DEPOT OF AMERICA LLC,

SIMPLIFIED HEALTH SOLUTIONS LLC and

SIMPLIFIED HEALTH SOLUTIONS 2, LLC,

Relief Defendants.

)

)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)
)

Case No. 1:15-cv-11447-IT

-----------------)
ORDER MODIFY PRELIMINARY INJUNCTION
Based on the assented to motion of Defendants' to modify the preliminary injunction
dated April 28, 2015, so as to permit the compromise and collection of a loan from a certain
athlete borrower, and based on the representation that the borrower, who is obligated under loan
documents to pay Capital Financial Partners, LLC, ("CFP") the sum of$302,500 by August 1,
2015, has raised certain claims with respect to the loan but has agreed to promptly repay
$285,000, notwithstanding his purported claims, in exchange for a reduction in the amount owed
and a release from any further obligation to defendants, it is ordered that CFP:

·
..

1.

May accept the compromise amount from the borrower in full satisfaction of

borrowers obligations to CFP, and
2.

Consummate a settlement agreement with borrower that, among other things,

releases borrower from any claims arising from the subject loan, upon payment of the settlement
amount.
SO ORDERED

UNITED STATES DISTRICT JUDGE
Dated: August

b~ 2015
..

2

,