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FEDERAL TRADE COMMISSION v. INFUSION MEDIA, INC., 2:09-cv-01112-GMN-LRL. (2012)

Court: District Court, D. Nevada Number: infdco20121025969 Visitors: 9
Filed: Oct. 23, 2012
Latest Update: Oct. 23, 2012
Summary: ORDER TERMINATING RECEIVERSHIP AND DISCHARGING RECEIVER GLORIA M. NAVARRO, District Judge. On September 10, 2009, this Court entered its Preliminary Injunction With Asset Freeze, Appointment of Receiver, and Other Equitable Relief which, among other things, continued the appointment of Robert G. Wing as Receiver for the business entity defendants and their affiliates in this action. Having completed his work as directed by and approved by this Court, the Receiver now moves for an order termi
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ORDER TERMINATING RECEIVERSHIP AND DISCHARGING RECEIVER

GLORIA M. NAVARRO, District Judge.

On September 10, 2009, this Court entered its Preliminary Injunction With Asset Freeze, Appointment of Receiver, and Other Equitable Relief which, among other things, continued the appointment of Robert G. Wing as Receiver for the business entity defendants and their affiliates in this action. Having completed his work as directed by and approved by this Court, the Receiver now moves for an order terminating the Receivership and discharging him as Receiver.

The Court has considered the Motion and the record in this case, and hereby concludes and orders as follows:

1. Reasonable notice of the Motion has been provided to all interested parties.

2. The Receiver has acted in a reasonable, prudent, diligent and efficient manner.

3. The Receiver has effectively and appropriately performed his duties as Receiver.

4. The grounds for the receivership no longer exist.

ACCORDINGLY IT IS HEREBY ORDERED, ADJUDGED AND DECREED AS FOLLOWS:

1. The Motion is granted.

2. The receivership imposed by this Court is hereby terminated and the Court approves and ratifies the actions of the Receiver during his administration of the Receivership estate.

3. The Receiver, Robert G. Wing, is hereby discharged of all duties, responsibilities and obligations, and liabilities in connection with his administration of the receivership and the receivership estate. All persons and entities engaged and employed by the Receiver, are hereby a) released and absolved of and from any and all claims arising from the performance of their official duties or the administration of the receivership estate, including, but not limited to, any claim concerning or relating to the filing of any local, state or federal tax returns and b) forever discharged of any liability arising form or out of this receivership to any holder of any claims against or interests in the Receivership entities, or to any other party.

4. The Receiver is authorized to maintain and/or destroy all records and personal property of the Receivership in consultation with the Federal Trade Commission.

5. The Receiver is authorized to transfer any funds remaining in the Receivership account to the FTC after the outstanding administrative expenses and authorized payments of the Receivership have been paid, all such transfers and payments to be made within seven (7) days of the entry of this Order.

6. To the extent any dispute arises concerning the Receiver's administration of the assets entrusted to him or to the extent that any person or entity seeks to pursue or assert any claim or action against the Receiver arising out of or related to his duties as Receiver in this case, this Court retains exclusive jurisdiction to hear and resolve any such disputes or claim.

Source:  Leagle

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