National Credit Union Administration Board v. Vangh et al

Filing 71

ORDER GRANTING 69 Stipulation for an Order Authorizing Release of Funds. Signed by Judge Wilhelmina M. Wright on 09/07/2017. (LCD)

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UNITED STATES DISTRICT COURT DISTRICT OF MINNESOTA National Credit Union Administration Board, Acting in its Capacity as Liquidating Agent for the Hmong American Federal Credit Union, Case No. 15-cv-3871 (WMW/KMM) Plaintiff, ORDER AUTHORIZING RELEASE OF FUNDS v. True Yang Vangh and Nkajlo Vangh, Defendants. This matter is before the Court on the parties’ Stipulation for an Order Authorizing Release of Funds. (Dkt. 69.) Based on the parties’ Stipulation and all the files, records and proceedings herein, IT IS HEREBY ORDERED: 1. Pursuant to the Court’s Order issued on November 3, 2015, (Dkt. 36), which granted a preliminary injunction restraining Defendants True Yang Vangh and Nkajlo Vangh from transferring, dissipating or disposing of assets except for reasonable and ordinary personal living expenses, reasonable and ordinary business expenses and reasonable attorneys’ fees unless specifically authorized by an order of this Court, Defendants are permitted to make a one-time, lump sum payment of $100,000 to Plaintiff National Credit Union Administration Board. 2. The November 3, 2015 Order, (Dkt. 36), shall remain in effect in all other respects. Dated: September 7, 2017 s/Wilhelmina M. Wright_______ Wilhelmina M. Wright United States District Judge 2

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