Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-caed-1_16-cv-00344/USCOURTS-caed-1_16-cv-00344-18/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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ORDER ON STIPULATION TO WAIVE 28 

U.S.C. 2001(a) AND (b) AND ESTABLISH 

SALES PROCEDURES

1055126.01/LA

UNITED STATES DISTRICT COURT

EASTERN DISTRICT OF CALIFORNIA

SECURITIES AND EXCHANGE 

COMMISSION,

Plaintiff,

v.

BIC REAL ESTATE DEVELOPMENT 

CORPORATION and DANIEL R. 

NASE, individually and d/b/a 

BAKERSFIELD INVESTMENT CLUB,

Defendants,

BIC SOLO 401K TRUST and 

MARGARITA NASE,

Relief Defendants.

Case No. 1:16-cv-00344-LJO-JLT

ORDER GRANTING STIPULATION 

TO WAIVE REQUIREMENTS OF 28 

U.S.C. § 2001(a) AND (b) IN 

CONNECTION WITH, AND TO 

ESTABLISH SALES PROCEDURES 

FOR, RECEIVER'S SALES OF 

RESIDENTIAL REAL PROPERTY

Date: NO HEARING REQUIRED

Time: 10:00 a.m.

Ctrm: 4

Judge: Hon. Lawrence J. O'Neill

ORDER

The Court has reviewed and considered the Stipulation to Waive 

Requirements of 28 U.S.C. § 2001(a) and (b) in Connection with, and to Establish 

Sales Procedures For, Receiver's Sales of Residential Real Property (the 

"Stipulation") entered into by and between (1) David P. Stapleton (the "Receiver"), 

the Court-appointed receiver in the above-entitled matter; (2) Plaintiff Securities and 

Exchange Commission; and (3) Defendant Daniel R. Nase ("Mr. Nase") 

Case 1:16-cv-00344-DAD-JLT Document 93 Filed 09/19/16 Page 1 of 2
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ORDER ON STIPULATION TO WAIVE 28 

U.S.C. 2001(a) AND (b) AND ESTABLISH 

SALES PROCEDURES

1055126.01/LA

-2-

(collectively, the "Parties"). Good cause appearing therefor, the Court orders as 

follows:

1. The Stipulation is granted, in its entirety;

2. By agreement, the Parties have waived the requirements of 28 U.S.C. 

§ 2001(a) and (b) in connection with the Receiver's anticipated sales of those

residential real properties (the "Properties") included within the receivership estate 

established and governed by this Court's April 8, 2016 Stipulated Preliminary 

Injunction and Orders (1) Freezing Assets, and (2) Appointing a Permanent 

Receiver;

3. Accordingly, the Receiver is excused from compliance with 

28 U.S.C. § 2001(a) and (b) in connection with the Receiver's anticipated sales of 

the Properties;

4. The Sales Procedures, as the term "Sales Procedures" is defined in the 

Stipulation, shall govern the Receiver's sales of all the Properties, unless otherwise 

ordered by the Court;

5. The Receiver may immediately commence the marketing and sale of 

the Properties in accordance with the Sales Procedures; and

6. The Parties retain and reserve any and all other of their respective

rights arising in connection with the above-entitled action.

IT IS SO ORDERED.

Dated: September 19, 2016 /s/ Lawrence J. O’Neill _____ 

UNITED STATES CHIEF DISTRICT JUDGE

Case 1:16-cv-00344-DAD-JLT Document 93 Filed 09/19/16 Page 2 of 2