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

Filing 574

ORDER granting #572 MOTION for the Court to Exercise its Discretion and Consider Release of a Portion of the Holdback. Signed by Senior Judge Graham Mullen on 12/21/2016. (Pro se litigant served by US Mail.)(eef)

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 held-back fees
in excess of $1 million to the Receiver and McGuireWoods LLP.
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
held-back funds in excess of $1 million to the Receiver and McGuireWoods LLP.

Signed: December 21, 2016