Securities and Exchange Commission v. Rex Venture Group, LLC et al

Filing 461

ORDER granting #459 Motion for the Court to Exercise Its Discretion and Consider Release of a Portion of the Holdback. The Receiver may immediately release held-back funds as stated in Order. Signed by Senior Judge Graham Mullen on 12/14/2015. (tmg)

IN THE UNITED STATES DISTRICT COURT
FOR THE WESTERN DISTRICT OF NORTH CAROLINA
CHARLOTTE DIVISION

SECURITIES AND EXCHANGE
COMMISSION,
Plaintiff,
vs.
REX VENTURE GROUP, LLC
d/b/a ZEEKREWARDS.COM, and PAUL
BURKS,
Defendants,

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No. 3:12-CV-519

ORDER APPROVING THE RECEIVER’S MOTION FOR THE COURT TO
EXERCISE ITS DISCRETION AND CONSIDER RELEASE OF A PORTION OF
THE HOLDBACK
This Order addresses the Receiver’s Motion for the Court to Exercise its
Discretion and Consider Release of a Portion of the Holdback. The Receiver asks the
Court to exercise its discretion and enter an order approving the release of $200,000.00 in
held-back fees to the Receiver and McGuireWoods LLP, and $140,000.00 to FTI
Consulting, Inc.
Having considered the Receiver’s Motion, it is HEREBY ORDERED that the
Receiver’s Motion for the Court to Exercise its Discretion and Consider Release of a
Portion of the Holdback is GRANTED, and that the Receiver may immediately release
$200,000.00 in held-back funds to the Receiver and McGuireWoods LLP, and
$140,000.00 in held-back funds to FTI Consulting, Inc.
Signed: December 14, 2015