Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-caed-1_16-cv-00344/USCOURTS-caed-1_16-cv-00344-42/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

FOR THE EASTERN DISTRICT OF CALIFORNIA

SECURITIES AND EXCHANGE 

COMMISSION,

 Plaintiff, 

 v. 

BIC REAL ESTATE CORP., et al.,

 Defendants.

1:16-CV-344-LJO-JLT

MEMORANDUM DECISION AND 

ORDER RE MOTION FOR ORDER 

APPROVING SETTLEMENT (Doc. 164)

On February 9, 2017, the Court-appointed Receiver filed a motion for an order approving a 

settlement reached between him and Steel Holdings LLC, Brian Steele, and Nancy Steele (collectively, 

the “Steeles”). Doc. 164-1. To date, the motion remains unopposed. The Court ORDERS that:

1. The Receiver’s motion is GRANTED in its entirety; and

2. The parties’ proposed settlement, as memorialized in the Settlement Agreement 

(Doc. 166-1), is APPROVED; 

3. The Receiver and the Steeles are authorized to perform their respective obligations, as 

defined in the Settlement Agreement, and to consummate the settlement as soon as 

practicable; and

4. The hearing on the motion, currently set for March 9, 2017, is VACATED.

IT IS SO ORDERED.

Dated: March 4, 2017 /s/ Lawrence J. O’Neill _____ 

UNITED STATES CHIEF DISTRICT JUDGE

5.

Case 1:16-cv-00344-DAD-JLT Document 169 Filed 03/06/17 Page 1 of 1