Belsome et al v. Rex Venture Group LLC et al

Filing 51

ORDER granting 47 Motion to Lift Stay. Receiver and Defendant Burks directed to respond substantively to the arguments made by Plaintiffs herein within 14 days. Signed by Senior Judge Graham Mullen on 9/25/2013. (blf)

IN THE UNITED STATES DISTRICT COURT
FOR THE WESTERN DISTRICT OF NORTH CAROLINA
CHARLOTTE DIVISION
3:12CV800
JOHNNY BELSOME, et al., on behalf
Of themselves and all others similarly
Situated,

)
)
)
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Plaintiffs,
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Vs.
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REX VENTURE GROUP, LLC d/b/a
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ZEEKREWARDS.COM, and PAUL R.
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BURKS,
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Defendants.
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____________________________________)

ORDER

This matter is before the Court upon Plaintiffs’ Motion to Lift Stay and permit
Plaintiffs to proceed against Defendant Paul Burks. This case was transferred from the
Eastern District of Louisiana and asserts claims against Defendants for violations of the
securities laws, breach of fiduciary duty, and intentional/fraudulent misrepresentation.
This Court issued a stay on July 3, 2013 in its discretion in an abundance of caution to
maintain the status quo “until further order of the court.” At this time, the Court has
determined that it would be appropriate for the receiver and Defendant Burks to respond
substantively to the arguments made by Plaintiffs herein. Accordingly, they are hereby
directed to do so within fourteen days.
IT IS SO ORDERED.
Signed: September 25,
2013