Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-3_05-cv-02641/USCOURTS-cand-3_05-cv-02641-29/pdf.json

Nature of Suit Code: 850
Nature of Suit: Securities, Commodities, Exchange
Cause of Action: 7:6(b) Federal Commodity Exchange Regulation

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United States District Court

For the Northern District of California

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IN THE UNITED STATES DISTRICT COURT

FOR THE NORTHERN DISTRICT OF CALIFORNIA

U.S. COMMODITY FUTURES TRADING

COMMISSION, et al.,

Plaintiffs,

 v.

NATIONAL INVESTMENT

CONSULTANTS, INC., et al.,

Defendants.

 /

No. C 05-02641 JSW

ORDER GRANTING

REMAINDER OF PLAINTIFFS’

MOTION FOR ORDER

DIRECTING THE SETTLEMENT

MONITOR TO REMIT

SETTLEMENT FUNDS TO

TRUSTEE IN DEFENDANT

NATIONAL INVESTMENT

CONSULTANT INC.’S CHAPTER

7 BANKRUPTCY PROCEEDING

AND FOR AN ORDER

DIRECTING THAT CERTAIN

FROZEN FUNDS BE

TRANSFERRED TO THE

SETTLEMENT MONITOR

This matter comes before the Court upon consideration of Plaintiffs’ motion for an order

authorizing the Settlement Monitor to remit settlement funds to the Bankruptcy Trustee and for

an order directing that certain frozen funds be transferred to the Settlement Monitor. 

On June 12, 2007, the Court granted, in part, Plaintiffs’ motion and Ordered that certain

frozen funds be turned over to the Settlement Monitor. The Court also Ordered Plaintiffs’ to

serve Defendant National Investment Corporations, Inc’s (“NICI”) Bankruptcy Counsel with a

copy of the June 12, 2007 Order, and an earlier order setting a briefing schedule on Plaintiffs’

motion.

In its June 12, 2007 Order, the Court gave Defendants until June 22, 2007 to file any

opposition they might have to Plaintiffs’ motion, and gave Plaintiffs until June 29, 2007 to file a

Case 3:05-cv-02641-JSW Document 140 Filed 07/03/07 Page 1 of 2
United States District Court

For the Northern District of California

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reply. With the exception of Defendant Zhou, who did not oppose that portion of Plaintiffs’

motion affecting here, no other Defendants have opposed the motion. Accordingly, based on

the lack of opposition and good cause appearing, the remainder of Plaintiffs’ motion is

HEREBY GRANTED.

Accordingly, IT IS HEREBY ORDERED that the Settlement Monitor shall transfer all

funds it has received from NICI’s Wells Fargo and US Bank accounts, which total

approximately $156,062.66, within thirty (30) days of service of this Order upon the Settlement

Monitor by Plaintiffs. 

IT IS SO ORDERED.

Dated: July 3, 2007 

JEFFREY S. WHITE

UNITED STATES DISTRICT JUDGE

Case 3:05-cv-02641-JSW Document 140 Filed 07/03/07 Page 2 of 2