Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-caed-2_09-cv-00665/USCOURTS-caed-2_09-cv-00665-80/pdf.json

Nature of Suit Code: 850
Nature of Suit: Securities, Commodities, Exchange
Cause of Action: 15:77 Securities Fraud

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[PROPOSED] ORDER APPROVING RECEIVER’S THIRD INTERIM REPORT

CASE NO. CV 09-000665 LKK-DAD 

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FUTTERMAN DUPREE 

DODD CROLEY

MAIER LLP

FUTTERMAN DUPREE DODD CROLEY MAIER LLP

JAMIE L. DUPREE (158105) 

JAIME G. TOUCHSTONE (233187) 

180 Sansome Street, 17th Floor 

San Francisco, CA 94104 

Telephone: (415) 399-3840 

Facsimile: (415) 399-3838 

jdupree@fddcm.com

jtouchstone@fddcm.com

Attorneys for Receiver 

Stephen E. Anderson 

UNITED STATES DISTRICT COURT 

EASTERN DISTRICT OF CALIFORNIA 

SACRAMENTO 

SECURITIES AND EXCHANGE 

COMMISSION, 

Plaintiff 

 v. 

ANTHONY VASSALLO, et al, 

Defendants. 

Case No. CV 09-000665 LKK-DAD

ORDER APPROVING RECEIVER 

STEPHEN E. ANDERSON’S THIRD 

INTERIM REPORT FILED ON AUGUST 

9, 2010 AND SPECIFIC 

AUTHORIZATIONS SOUGHT 

THEREIN 

Date: September 13, 2010 

Time: 10:00 a.m. 

Courtroom: 4 

Judge: Hon. Lawrence K. Karlton 

The Third Interim Report Receiver Stephen E. Anderson (“Receiver”), Receiver for 

Equity Investment Management and Trading, Inc. (“EIMT”), came on regularly for hearing on 

September 13, 2010 at 10:00 a.m. in Courtroom 4 of the above-entitled Court, located at 501 I 

Street, Sacramento, California, 95814, with Jamie L. Dupree appearing on behalf of Receiver; 

Having reviewed Receiver’s Third Interim Report filed August 9, 2010, and his specific 

requests for Court authorization therein, and having heard the argument of counsel, and 

FOR GOOD CAUSE SHOWN, the Court hereby finds and orders as follows: 

Adequate and proper notice of this hearing was provided to interested parties. 

Case 2:09-cv-00665-JAM-KJN Document 346 Filed 09/28/10 Page 1 of 2
[PROPOSED] ORDER APPROVING RECEIVER’S THIRD INTERIM REPORT

CASE NO. CV 09-000665 LKK-DAD 

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FUTTERMAN DUPREE 

DODD CROLEY

MAIER LLP

Receiver’s Third Interim Report filed on August 9, 2010, is hereby approved, and 

Receiver’s acts on behalf of the receivership are hereby approved, authorized and ratified. 

The Court hereby authorizes Receiver to exclude from consideration any Investor 

Surveys submitted after June 1, 2010 in developing a distribution plan unless it is established to 

Receiver’s satisfaction that good cause exists to accept a tardy submission (e.g., a survey for a 

particular investor was returned to Receiver as undeliverable and the investor now seeks to 

submit a tardy survey). 

The Court hereby approves and ratifies Receiver’s agreement with Coeur d’Alene 

Investments, holder of a $1,000,000 note and deed of trust on the Island Park Property, in which 

Receiver agreed 1) to commence making monthly interest payments of $5,000 on that note, 

retroactive to December 2009, payable until the Island Park Property is sold, and 2) in 

connection with a motion seeking approval of the sale of the Island Park Property, Receiver will 

recommend that Coeur d’Alene Investments receive $15,000 for unpaid interest for the time 

period of May 2009 through November 2009, with Coeur d’Alene Investments waiving $15,000 

in accrued interest for that same time period, which agreement the Court finds is fair and 

reasonable. 

The Court hereby approves a new billing rate for Receiver’s consultant, Cindi Sherrod, of 

$50 per hour, effective retroactively to June 1, 2010, which the Court finds is a fair and 

reasonable to the receivership estate. 

Where authorization or approval was requested by Receiver in his Third Interim Report, 

to the extent that the Court has not already expressly authorized or approved it in this order, the 

Court hereby authorizes and approves the action proposed by Receiver. 

IT IS SO ORDERED. 

Dated: September 27, 2010. 

Case 2:09-cv-00665-JAM-KJN Document 346 Filed 09/28/10 Page 2 of 2