Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-azd-3_06-cv-00951/USCOURTS-azd-3_06-cv-00951-10/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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WO

IN THE UNITED STATES DISTRICT COURT

FOR THE DISTRICT OF ARIZONA

Securities and Exchange Commission,

Plaintiff, 

v.

David L. McMillan,

Defendant. 

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No. CV-06-951-PCT-SMM

ORDER

In an earlier Order, the Court directed the Clerk of the Court to deposit

$125,102.02 into the registry of the Court, but to “sequester $76,092.41 of the funds until

further order of the Court.” (Dkt. 44, Order dated June 17, 2008.) The term “sequester”

has a precise meaning, and prevents the Clerk of the Court from investing sequestered

funds into the Court Registry Investment System (“CRIS”). Thus, the $76,092.41 is not

currently generating interest.

The direction to sequester the $76,092.41 resulted from the parties’ joint motion

and proposed order. (Dkt. 44.) The Court recognizes the possibility that the parties were

unaware that sequestered funds are not invested in CRIS, and therefore do not generate

interest. The Court will therefore direct the Clerk of the Court to invest the $76,092.41 in

CRIS, and to take steps to ensure that the $76,092.41 is kept separate from the remaining

Case 3:06-cv-00951-SMM Document 46 Filed 08/14/08 Page 1 of 2
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funds on deposit in this matter. Should the parties object to this proposed arrangement,

they are directed to file notice to that effect by Friday, August 22, 2008. 

Accordingly,

IT IS HEREBY ORDERED directing the parties to file any objections to the

above-proposed course of action, by which $76,092.41 will be invested in CRIS but kept

separate from the remaining funds on deposit, by Friday, August 22, 2008.

IT IS FURTHER ORDERED directing the Clerk of the Court to automatically

invest the $76,092.41 currently sequestered per Order dated June 17, 2008, if no

objections are filed by August 22, 2008.

IT IS FURTHER ORDERED setting a status conference in this matter for

Monday, September 22, 2008, at 1:30 p.m.

DATED this 13th day of August, 2008.

Case 3:06-cv-00951-SMM Document 46 Filed 08/14/08 Page 2 of 2