Elawyers Elawyers
Washington| Change

Securities and Exchange Commission v. BIC Real Estate Development Corporation, 1:16-cv-00344-LJO-JLT. (2017)

Court: District Court, E.D. California Number: infdco20170323898 Visitors: 3
Filed: Mar. 22, 2017
Latest Update: Mar. 22, 2017
Summary: STIPULATION TO DISMISS CLAIMS AGAINST RELIEF DEFENDANT BIC SOLO 401K TRUST AND ORDER LAWRENCE J. O'NEILL , Chief District Judge . WHEREAS, on March 11, 2016, the Securities and Exchange Commission ("SEC") commenced this action and named BIC Solo 401k Trust as a Relief Defendant; and WHEREAS, the Receiver has informed the SEC that it has recovered from BIC Solo 401k Trust all funds and/or property in her possession, custody, or control which were traceable to the alleged fraud; and WHEREAS
More

STIPULATION TO DISMISS CLAIMS AGAINST RELIEF DEFENDANT BIC SOLO 401K TRUST AND ORDER

WHEREAS, on March 11, 2016, the Securities and Exchange Commission ("SEC") commenced this action and named BIC Solo 401k Trust as a Relief Defendant; and

WHEREAS, the Receiver has informed the SEC that it has recovered from BIC Solo 401k Trust all funds and/or property in her possession, custody, or control which were traceable to the alleged fraud; and

WHEREAS, BIC Solo 401k Trust waives any rights under the Equal Access to Justice Act, the Small Business Regulatory Enforcement Fairness Act of 1996, or any other provision of law to seek from the United States, or any agency, or any official of the United States acting in his or her official capacity, directly or indirectly, reimbursement of attorney's fees or other fees, expenses, or costs expended by Relief Defendant to defend against this action. For these purposes, Relief Defendant agrees that Relief Defendant is not the prevailing party in this action since the parties have reached a good faith settlement; and

WHEREAS, in light of the foregoing, the SEC and BIC Solo 401k Trust have agreed to stipulate to the dismissal of the SEC's claim against it as a Relief Defendant;

NOW THEREFORE, IT IS STIPULATED as follows:

The SEC's claim against Relief Defendant BIC Solo 401k Trust is dismissed.

I hereby attest that all other signatories listed concur in the filing of this document and have authorized its filing.

IT IS SO ORDERED.

Source:  Leagle

Can't find what you're looking for?

Post a free question on our public forum.
Ask a Question
Search for lawyers by practice areas.
Find a Lawyer