United States Securities and Exchange Commission v. Beckman et al

Filing 366

ORDER APPROVING SETTLEMENT AGREEMENT WITH SCOTTSDALE INSURANCE. IT IS HEREBY ORDERED AS FOLLOWS: 1. The Receiver's motion is GRANTED. 2. The Court approves the Settlement Agreement and Release of All Claims 355 between the Receiver and Scottsdale Insurance Company. (Written Opinion). Signed by Chief Judge Michael J. Davis on 3/22/13. (GRR)

UNITED STATES DISTRICT COURT
DISTRICT OF MINNESOTA
U.S. COMMODITY FUTURES
TRADING COMMISSION,
Plaintiff,
v.

Case No.

09-cv-3332 (MJD/FLN)

Case No.

09-cv-3333 (MJD/FLN)

Case No.

11-cv-574 (MJD/FLN)

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

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

UNITED STATES SECURITIES
AND EXCHANGE COMMISSION,
Plaintiff,
v.
JASON BO-ALAN BECKMAN, et al.,
Defendants,
R.J. ZAYED,
Receiver.

APPROVING SETTLEMENT AGREEMENT WITH
SCOTTSDALE INSURANCE
THIS MATTER came before the Court upon the Receiver’s Motion to approve the
Settlement Agreement between the Receiver and Scottsdale Insurance Company
(“Scottsdale”) and the associated order contemplated in that Settlement Agreement. The
Settlement Agreement that is the subject of this Order is filed at SEC v. Cook et al., 09-cv3333, Docket No. 1049, CFTC v. Cook et al., 09-cv-3332, Docket No. 1001 and SEC v. Beckman
et al., 11-cv-574, Docket No. 355.
Based on the Agreement between the parties, the arguments of counsel, and all of
the files and documents in these cases, the Court being duly advised on the premises,
HEREBY ORDERS AS FOLLOWS:
1.

The Receiver’s motion is GRANTED.

2.

The Court approves the Settlement Agreement and Release of All Claims

(09-cv-3333 Docket No. 1049, 09-cv-3332 Docket No. 1001, and 11-cv-574 Docket No. 355)
between the Receiver and Scottsdale Insurance Company.

SO ORDERED.

Dated: March 22, 2013.

s/ Michael J. Davis
The Honorable Michael J. Davis
Chief Judge
UNITED STATES DISTRICT COURT