Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-3_06-cv-06966/USCOURTS-cand-3_06-cv-06966-10/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 Northern District of California

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United States District Court

For the Northern District of California

IN THE UNITED STATES DISTRICT COURT

FOR THE NORTHERN DISTRICT OF CALIFORNIA

SECURITIES AND EXCHANGE

COMMISSION,

Plaintiff,

 v.

VIPER CAPITAL MANAGEMENT, LLC, et al.,

Defendants,

and

COMPASS WEST FUND, et al.,

Relief Defendants. /

In re:

EDWARD SEWON EHEE, et al.,

Debtors.

_______________________________________/

Nos. C 06-06966 SI; 06-7270 SI; 07-02507

SI; 07-02508 SI; 07-02509 SI; Bankruptcy

Case Nos. 07-40126T; 07-40129; 07-40130

ORDER RE: HOMESTEAD

DECLARATION AND JOINT

ADMINISTRATION OF BANKRUPTCY

CASES

On July 13, 2007, the Court heard argument on defendant Edward Ehee’s motion for an order

authorizing filing of a homestead declaration, and plaintiff Roosevelt Fund’s motion for joint

administration of the bankruptcy cases. The Court rules as follows. 

With respect to Ehee’s motion, the Court finds it appropriate to allow Ehee to record a

homestead declaration. Ehee may record a homestead declaration, in his name rather than Mrs. Ehee’s,

in accordance with sections California Code of Civil Procedure 704.910 et seq., and 704.710 et seq. Of

course, as previously ordered by the Court, any proceeds from sale of the home, including any exempted

portion of equity, shall be placed by the escrow company in the Court’s registry. See Order for

Case 3:06-cv-06966-SI Document 94 Filed 07/25/07 Page 1 of 2
United States District Court

For the Northern District of California

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Preliminary Injunction (Nov. 22, 2006) at 4:16-19. Furthermore, as indicated at hearing, the Court

makes no determination, at this point, as to the ultimate fate of whatever sale proceeds may be protected

by a homestead exemption. 

The parties have indicated that Roosevelt’s motion need not be addressed at this time, other than

clarification of the correct caption, and Roosevelt’s request that Case No. 06-6966 be designated as the

lead case, thereby allowing all future filings to be filed only under that case. The Court therefore

DENIES Roosevelt’s motion for joint administration, without prejudice. The Court ORDERS that all

future filings bear the same caption as this Order. Case No. 06-6966 shall be designated as the lead

case, and all future filings in all of the related cases need only be filed in the lead case.

For the foregoing reasons and for good cause shown, the Court hereby GRANTS Ehee’s motion

for order authorizing filing of homestead declaration [Docket No. 60], and DENIES Roosevelt’s

unopposed motion for joint administration of the bankruptcy cases, without prejudice [Docket No. 67].

IT IS SO ORDERED.

Dated: July 25, 2007 SUSAN ILLSTON

United States District Judge

Case 3:06-cv-06966-SI Document 94 Filed 07/25/07 Page 2 of 2