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

Filing 558

ORDER granting #557 Motion Approve Settlement Agreement with Jaymes Meyer and Preferred Merchants Solutions LLC and Authorize Sale of Property. Signed by Senior Judge Graham Mullen on 9/19/2016. (tmg)

IN THE UNITED STATES DISTRICT COURT FOR THE
WESTERN DISTRICT OF NORTH CAROLINA
CHARLOTTE DIVISION
SECURITIES AND EXCHANGE
COMMISSION,
Plaintiff,
Civil Action No. 3:12 cv 519
Vs.
REX VENTURE GROUP, LLC d/b/a
ZEEKREWARDS.COM, and PAUL BURKS,
Defendant.
ORDER GRANTING RECEIVER’S MOTION TO APPROVE SETTLEMENT
AGREEMENT AND AUTHORIZE SALE OF PROPERTY
THIS MATTER is before the Court on the Receiver’s Motion to Approve Settlement
Agreement with Jaymes Meyer and Preferred Merchants Solutions LLC and Authorize Sale of
Property. The Court has reviewed the motion and proposed settlement and finds that the proposed
settlement is fair and equitable and is in the best interests of Zeek victims. Accordingly, the Court
will grant the motion.

ORDER
IT IS, THEREFORE, ORDERED, ADJUDGED, AND DECREED that:
1. the Receiver’s Motion to Approve Settlement Agreement with Jaymes Meyer and Preferred
Merchants Solutions LLC and Authorize Sale of Property is hereby GRANTED; and
2. the Settlement Agreement attached to the motion is approved, and the Receiver is hereby
authorized to perform according to the terms of that Settlement Agreement, including
proceeding with the sale of the real property, fixtures and all improvements located at 1175
First Avenue, Napa, California 94558, parcel # 045-0190-005.

Signed: September 19, 2016