United States Securities and Exchange Commission v. Beckman et al

Filing 438

ORDER GRANTING PARTIAL LIFT OF ASSET FREEZE TO PERMIT PAYMENT OF DEFENSE COSTS. IT IS HEREBY ORDERED THAT: 1. Everest Indemnity Insurance Company's motion 422 is GRANTED. 2. The asset freeze imposed by this Court's Order dated Mar ch 8, 2011 9 is partially lifted to permit Everest Indemnity Insurance Company to pay defense fees and costs in the total amount of $234,055.74. SO ORDERED. (Written Opinion). Signed by Chief Judge Michael J. Davis on 1/27/14. (GRR) CC: Beckman. (kt)

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.
ORDER GRANTING PARTIAL LIFT OF ASSET FREEZE
TO PERMIT PAYMENT OF DEFENSE COSTS
THIS MATTER came before the Court upon Everest Indemnity Insurance
Company’s Renewed Motion to Lift Asset Freeze to Permit Payment of Defense
Costs on January 24, 2012.
Based on the arguments of counsel, and all other files, records, and
proceedings herein,
IT IS HEREBY ORDERED THAT:
1.

Everest Indemnity Insurance Company’s motion [Doc. No. 422] is
GRANTED.

2.

The asset freeze imposed by this Court’s Order dated March 8, 2011

[Doc. No. 9] is partially lifted to permit Everest Indemnity Insurance Company to
pay defense fees and costs in the total amount of $234,055.74.
SO ORDERED.
BY THE COURT:

Date: January 27, 2014

s/ Michael J. Davis
The Honorable Michael J. Davis
CHIEF JUDGE
UNITED STATES DISTRICT JUDGE

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