Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-azd-3_06-cv-00951/USCOURTS-azd-3_06-cv-00951-9/pdf.json

Nature of Suit Code: 850
Nature of Suit: Securities, Commodities, Exchange
Cause of Action: 15:78m(a) Securities Exchange Act

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WO

IN THE UNITED STATES DISTRICT COURT

FOR THE DISTRICT OF ARIZONA

Securities and Exchange Commission,

Plaintiff, 

v.

David L. McMillan,

Defendant. 

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No. CV-06-0951-PCT-SMM

ORDER

Before the Court is the Motion to Amend Court’s Order re: Conditional Deposit of

Funds Into the Registry of the Court (Dkt. 43). This matter initially came before the

Court on a stipulation of Plaintiff Securities and Exchange Commission (“Commission”)

and interested party Daniell’s Recycling, LLC (“Recycling”). (Dkt. 39.) The Court

granted the stipulation and permitted funds in the amount of $124,741.67 to be deposited

into the registry of the Court. (Dkt. 41, Order dated May 5, 2008.) Counsel for

Recycling subsequently attempted to deposit a check in the amount of $125,102.02 into

the registry of the Court, that amount representing the original amount plus accumulated

interest of $360.35. The Clerk of the Court refused to accept the check because the

amount differed from that set forth in the Court’s Order. Commission and Recycling

therefore filed a Motion to Amend the Court’s Order, which is currently before the Court

(Dkt. 43). Good cause appearing,

Case 3:06-cv-00951-SMM Document 44 Filed 06/17/08 Page 1 of 2
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IT IS HEREBY ORDERED that Commission and Recycling shall cause funds

from a May 29, 2008 Cashier’s Check (“Cashier’s Check”), check number 0649202271,

in the sum of $125,102.02 to be deposited into the registry of the Court. This order shall

pertain to any check replacing the original check because it had become a stale

instrument.

IT IS FURTHER ORDERED that the Clerk of the Court is directed to accept

these funds and forthwith maintain them in the registry of the Court for this matter, but is

directed to sequester $76,092.41 of the funds until further order of the Court. The

remainder of the funds represented by the check are to be maintained with other funds on

deposit in this action.

IT IS FURTHER ORDERED that Recycling shall be permitted to file a motion

without opposition from Commission to intervene in this matter for the purpose of

asserting a claim against the sequestered funds referenced above. By allowing Recycling

to intervene, Commission is not waiving any of its rights or claims to any of the funds

represented by the Cashier’s Check. 

IT IS FURTHER ORDERED that Commission and Recycling shall inform the

Court as to their desire, either by subsequent stipulation or motion, as to how the

sequestered funds are to be disbursed at the conclusion of litigation between the parties.

DATED this 17th day of June, 2008.

Case 3:06-cv-00951-SMM Document 44 Filed 06/17/08 Page 2 of 2