Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-caed-1_16-cv-00344/USCOURTS-caed-1_16-cv-00344-26/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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UNITED STATES DISTRICT COURT

EASTERN DISTRICT OF CALIFORNIA

SECURITIES AND EXCHANGE 

COMMISSION,

Plaintiff,

v.

BIC REAL ESTATE DEVELOPMENT, 

CORP., et al.,

Defendants.

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

ORDER MODIFYING PRELIMINARY 

INJUNCTION TO RELEASE REAL 

PROPERTIES

The Court has reviewed and considered the Stipulation to Modify Preliminary 

Injunction to Release Real Properties entered into by and between (1) the Plaintiff 

Securities and Exchange Commission; (2) Defendant Daniel Nase; and (3) David P. 

Stapleton (the "Receiver"), the permanent receiver for Defendant BIC Real Estate 

Development Corporation and its subsidiaries and affiliates, including but not 

limited to WM Petroleum; Target Oil & Gas Drilling, Inc.; Tier 1 Solar Power 

Company, Tier 1 Solar Power Company, LLC; and Home Sweet Holdings

(collectively, the "Receivership Entities"). Good cause appearing therefor, the 

Court ORDERS as follows:

Case 1:16-cv-00344-DAD-JLT Document 122 Filed 11/30/16 Page 1 of 2
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1. The property located at 1137 Mornington Avenue, Bakersfield, CA 

93307 shall be released from the asset freeze imposed by the Court's 

April 8, 2016 Stipulated Preliminary Injunction and Orders (1) 

Freezing Assets, and (2) Appointing a Permanent Receiver (the 

"Preliminary Injunction"), and shall no longer fall within the ambit of 

the receivership estate;

2. The property located at 3724 Verdugo Lane, Bakersfield, CA 93312

shall be released from the asset freeze imposed by the Preliminary 

Injunction, and shall no longer fall within the ambit of the receivership 

estate; and

3. All other provisions of the Court's prior orders remain in full force and 

effect.

IT IS SO ORDERED.

Dated: November 30, 2016 /s/ Lawrence J. O’Neill _____ 

UNITED STATES CHIEF DISTRICT JUDGE

Case 1:16-cv-00344-DAD-JLT Document 122 Filed 11/30/16 Page 2 of 2