U.S. Commodity Futures Trading Commission v. Trevor Cook, et al.

Filing 975

ORDER APPROVING SETTLEMENT AGREEMENT AND GRANTING PARTIAL LIFT OF ASSET FREEZE TO PERMIT PAYMENT OF SETTLEMENT in SEC v. Beckman et al., 11-cv-574, Docket No. 335.(Written Opinion). Signed by Chief Judge Michael J. Davis on 1/2/13. Associated Cases: 0:09-cv-03332-MJD-FLN, 0:09-cv-03333-MJD-FLN(GRR)

UNITED STATES DISTRICT COURT
DISTRICT OF MINNESOTA
UNITED STATES SECURITIES
AND EXCHANGE COMMISSION,
Plaintiff,

Civ. No. 11-cv-574 (MJD/FLN)

v.
JASON BO-ALAN BECKMAN, et al.,
Defendants,
R.J. ZAYED,
Receiver.
U.S. COMMODITY FUTURES
TRADING COMMISSION,
Plaintiff,

Civ. No. 09-cv-3332 (MJD/FLN)

v.
TREVOR COOK, et al.,
Defendants.
R.J. ZAYED,
Receiver.
UNITED STATES SECURITIES
AND EXCHANGE COMMISSION,
Plaintiff,

Civ. No. 09-cv-3333 (MJD/FLN)

v.
TREVOR G. COOK, et al.,
Defendants,
R.J. ZAYED,
Receiver.

ORDER APPROVING SETTLEMENT AGREEMENT AND GRANTING
PARTIAL LIFT OF ASSET FREEZE TO PERMIT PAYMENT OF
SETTLEMENT

The above-entitled matter came before the Court upon Everest Indemnity
Insurance Company’s Motion for Order Approving Settlement Agreement and for Partial
Lift of Asset Freeze to Permit Payment of Settlement. Appearances of the parties and
counsel were as noted on the record.

The Confidential Settlement Agreement and

Release (“Agreement”) that is the subject of this Order is filed at SEC v. Beckman et al.,
11-cv-574, Docket No. 338. Based on the Agreement, the arguments of counsel, and all
other files, records, and proceedings herein,
IT IS HEREBY ORDERED:
1.

Everest Indemnity Insurance Company’s motion is GRANTED.

2.

The Court approves the Confidential Settlement Agreement and Release

between FINRA Claimant Gunvant Bhatt and Respondents Eric Erickson and Everest
Specialty Underwriters, LLC that is filed SEC v. Beckman et al., 11-cv-574, Docket No.
335.

3.

The Court approves the motion for Partial Lift of Asset Freeze to Permit

Payment of Settlement. Upon receipt of this Order, and pursuant to the terms of the
Confidential Settlement Agreement and Release, Everest Indemnity Insurance Company
shall pay to Gunvant Bhatt the sum of Seventy-Two Thousand Five Hundred Dollars
($72,500.00).
SO ORDERED.
BY THE COURT:

Date: January 2, 2013

Civil No. 11-574

s/ Michael J. Davis
Michael J. Davis
Chief Judge
United States District Court