Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-casd-3_12-cv-02164/USCOURTS-casd-3_12-cv-02164-32/pdf.json

Nature of Suit Code: 850
Nature of Suit: Securities, Commodities, Exchange
Cause of Action: 15:0077 Securities Fraud

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UNITED STATES DISTRICT COURT

SOUTHERN DISTRICT OF CALIFORNIA

SECURITIES AND EXCHANGE

COMMISSION,

Plaintiff,

CASE NO. 3:12-cv-2164-GPC-JMA

ORDER:

APPROVING RECEIVER’S

RECOMMENDATIONS

REGARDING:

(1) LETTERS OF INTENT TO

PURCHASE DAYTON I, DAYTON

IV, FERNLEY I, LAS VEGAS 2,

AND STEAD PROPERTIES

(2) ENGAGEMENT OF REAL

ESTATE BROKERS FOR LAS

VEGAS 1, LAS VEGAS 2, AND

TECATE PROPERTIES

[ECF No. 1169, 1203, 1281]

DENYING RECEIVER’S EX

PARTE APPLICATION FOR

ORDER CONFIRMING SALE OF

JAMUL VALLEY PROPERTY

[ECF Nos. 1191]

GRANTING RECEIVER’S

MOTION TO FILE UNDER SEAL

[ECF No. 1280]

v.

LOUIS V. SCHOOLER and FIRST

FINANCIAL PLANNING

CORPORATION, dba Western

Financial Planning Corporation,

Defendants.

Before the Court is Receiver Thomas C. Hebrank’s (the “Receiver”) Ex Parte

Application for Permission to File Under Seal. ECF No. 1280. Generally,

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“compelling reasons” must exist to seal documents filed in support of a dispositive

motion. See Kamakana v. City and Cnty. of Honolulu, 447 F.3d 1172, 1178–79 (9th

Cir. 2006). Where a court filing contains “business information that might harm a

litigant’s competitive standing,” the court may properly deny public access. Nixon v.

Warner Commc’ns, 435 U.S. 589, 598 (1978). The Receiver seeks to file under seal

his recommendation regarding a letter of intent to purchase one GP property. The

Court finds that the information the Receiver seeks to file under seal could

negatively affect the amount of other offers and therefore the ultimate price for the

property that can be obtained. Accordingly, the Court GRANTS the Receiver’s ex

parte application for permission to file under seal. ECF No. 1280. 

Also before the Court are a number of recommendations made by the

Receiver concerning the disposition of properties under receivership. Having reviewed

the Receiver’s recommendations, IT IS HEREBY ORDERED THAT:

1. The Court APPROVES and ADOPTS the Receiver’s Recommendations

Regarding Letters of Intent to Purchase Dayton I, Dayton IV, Fernley I, Las

Vegas 2, and Stead Properties. ECF No. 1169. 

2. The Court APPROVES and ADOPTS the Receiver’s Recommendation

Regarding Engagement of Real Estate Brokers for Las Vegas 1, Las Vegas 2,

and Tecate Properties. ECF No. 1203. 

3. The Court APPROVES and ADOPTS the Receiver’s Recommendation

Regarding Letter of Intent to Purchase Dayton IV Property. ECF No. 1281. 

4. The Court DENIES the Receiver’s Ex Parte Application for Order Confirming

Sale of Jamul Valley Property, and DIRECTS the Receiver to refile his

application as a motion for order for approval of the sale, see ECF No. 1285,

incorporating the 28 U.S.C. § 2001(a) public auction procedures proposed in the

Receiver’s supplemental brief, ECF No. 1225, and in accordance with the terms

of the Court’s May 25, 2016 Order Directing Orderly Sale Procedures, within

fourteen (14) days of the issuance of this Order. Any response to the refiled

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motion shall be filed on or before June 17, 2016. Any reply shall be filed on or

before July 1, 2016. A hearing on the refiled motion is set for July 15, 2016, at

1.30 p.m. in Courtroom 2D.

IT IS SO ORDERED.

DATED: May 25, 2016

HON. GONZALO P. CURIEL

United States District Judge

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