Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-caed-2_09-cv-00665/USCOURTS-caed-2_09-cv-00665-82/pdf.json

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

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UNITED STATES DISTRICT COURT

FOR THE EASTERN DISTRICT OF CALIFORNIA

SECURITIES AND EXCHANGE

COMMISSION,

NO. CIV. S-09-0665 LKK/DAD

Plaintiff,

v.

O R D E R

ANTHONY VASSALLO, KENNETH

KENITZER, and EQUITY 

INVESTMENT MANAGEMENT AND

TRAINING, INC.,

Defendants.

 /

On November 6, 2009, Receiver filed a motion to order

disgorgement of funds from Arcanum/Vestium. (ECF No. 163.) On,

December 11, 2009, the court ordered an evidentiary hearing to

resolve disputed facts with respect to this motion. (ECF No. 202)

On April 9, 2010, Arcanum and Vestium filed notices of bankruptcy.

(ECF No. 246, 248.) On April 12, 2010, the magistrate judge removed

the evidentiary hearing from his calendar pursuant to a stipulation

of Receiver, Arcanum, and Vestium. (ECF No. 249.) On August 9,

2010, Receiver filed his third interim report in which he indicated

Case 2:09-cv-00665-JAM-KJN Document 348 Filed 09/29/10 Page 1 of 2
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that inter alia, he “believes it is unlikely EIMT investors will

receive anything of value from [Arcanum and Vestium], and

Receiver’s activities concerning this investment going forward

should be minimal.” Third Interim Report, ECF No. 310, at 18.

For the foregoing reasons, the court DENIES Receiver's motion

to order disgorgement, ECF No. 163, without prejudice. 

IT IS SO ORDERED.

DATED: September 28, 2010.

Case 2:09-cv-00665-JAM-KJN Document 348 Filed 09/29/10 Page 2 of 2