Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-caed-2_09-cv-00665/USCOURTS-caed-2_09-cv-00665-38/pdf.json

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

---

[PROPOSED] ORDER APPROVING RECEIVER’S SECOND AND INITIAL INTERIM REPORTS

CASE NO. CV 09-000665 LKK-DAD 

1

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

FUTTERMAN DUPREE 

DODD CROLEY

MAIER LLP

FUTTERMAN DUPREE DODD CROLEY MAIER LLP

JAMIE L. DUPREE (158105) 

JAIME E. GODIN (233187) 

180 Sansome Street, 17th Floor 

San Francisco, CA 94104 

Telephone: (415) 399-3840 

Facsimile: (415) 399-3838 

jdupree@fddcm.com

jgodin@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 SECOND 

INTERIM REPORT FILED ON 

NOVEMBER 6, 2009 AND SPECIFIC 

AUTHORIZATIONS SOUGHT 

THEREIN AND APPROVING FIRST 

INTERIM REPORT FILED ON JULY 9, 

2009 

Date: December 7, 2009 

Time: 10:00 a.m. 

Courtroom: 4 

Judge: Hon. Lawrence K. Karlton 

The Second Interim Report and Initial Interim Report of Receiver Stephen E. Anderson 

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

regularly for hearing on December 7, 2009 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 Second Interim Report filed November 6, 2009, and his 

specific requests for Court authorization therein and Receiver’s Initial Interim Report filed on July 

9, 2009, and having heard the argument of counsel, and 

PDF created with pdfFactory trial version www.pdffactory.com

Case 2:09-cv-00665-JAM-KJN Document 200 Filed 12/09/09 Page 1 of 3
[PROPOSED] ORDER APPROVING RECEIVER’S SECOND AND INITIAL INTERIM REPORTS

CASE NO. CV 09-000665 LKK-DAD 

2

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

FUTTERMAN DUPREE 

DODD CROLEY

MAIER LLP

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

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

Receiver’s Second Interim Report filed November 6, 2009, and Receiver’s Initial Interim 

Report filed on July 9, 2009, are hereby approved, and Receiver’s acts on behalf of the 

receivership are hereby approved, authorized and ratified. 

The Court hereby approves Receiver’s settlement with Melissa McLeod returning the 

Lexus LX570 SUV Vehicle Identification Number JTJHY00W784010266 (the “Lexus LX570”) 

to EIMT and finds that it is fair and reasonable to EIMT. 

The Court waives the provisions of 28 U.S.C. Sections 2001 and 2004 requiring a 

courthouse auction for the Lexus LX570, and the Court authorizes the Receiver to sell the Lexus 

LX570 in any manner he deems appropriate provided that Receiver receive at least $60,000 for 

the Lexus LX570, which the Court finds is a fair and reasonable value for the Lexus LX570. 

The Court further authorizes Receiver to sell snowmobiles, Quad Runners and other 

vehicles and equipment recovered from the Island Park, Idaho property on consignment at Bob’s 

Intermountain Marine in Pocatello, Idaho, or through private sale by Receiver for at least 80% of 

the estimated net consignment value set forth in Receiver’s Second Interim Report and waives the 

provisions of 28 U.S.C. Sections 2001 and 2004 requiring a courthouse auction for the vehicles 

and equipment. The Court finds that the purposes of Sections 2001 and 2004 are satisfied by 

Receiver’s proposed methods of sale, and that Receiver’s proposed method of sale will provide 

fair and adequate value for the vehicles and equipment. 

The Court further authorizes Receiver to donate any equipment and furniture recovered 

from the EIMT offices if he is unable to obtain value for any individual item after placing it for 

sale on EBay or Craigslist. 

The Court further authorizes the release of $61,118.00 of EIMT funds held in trust by the 

Downey Brand law firm to pay legal fees to the Downey Brand law firm for services rendered at 

the request of a group of EIMT investors related to those investors’ efforts to recover EIMT 

investor assets before the appointment of Receiver. 

PDF created with pdfFactory trial version www.pdffactory.com

Case 2:09-cv-00665-JAM-KJN Document 200 Filed 12/09/09 Page 2 of 3
[PROPOSED] ORDER APPROVING RECEIVER’S SECOND AND INITIAL INTERIM REPORTS

CASE NO. CV 09-000665 LKK-DAD 

3

1

2

3

4

5

6

7

8

9

10

11

12

13

14

15

16

17

18

19

20

21

22

23

24

25

26

27

28

FUTTERMAN DUPREE 

DODD CROLEY

MAIER LLP

Where authorization or approval was requested by Receiver in his Second 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: December 8, 2009 

PDF created with pdfFactory trial version www.pdffactory.com

Case 2:09-cv-00665-JAM-KJN Document 200 Filed 12/09/09 Page 3 of 3