Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-caed-2_10-cv-00458/USCOURTS-caed-2_10-cv-00458-10/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 

EASTERN DISTRICT OF CALIFORNIA 

SECURITIES AND EXCHANGE 

COMMISSION, 

Plaintiff, 

v. 

LAWRENCE LOOMIS, et al., 

Defendants. 

Civ. No. S-10-458 KJM KJN 

ORDER 

 This case was on calendar on January 23, 2014 for a status conference to discuss 

further scheduling of the remedies phase of this case. John Yun appeared for the Securities and 

Exchange Commission (“SEC”); there was no appearance for either defendant Loomis or 

defendant Hagener. 

 On March 6, 2013, in conformance with defendant Hagener’s consent, the court 

entered a permanent injunction against Hagener, resolving the SEC’s liability allegations against 

him. ECF No. 82. 

 On September 3, 2013, the court granted the SEC’s motion for summary judgment, 

resolving the liability claims against defendant Loomis. ECF No. 97. 

 After considering the parties’ joint status report and discussing the timing of the 

remedies hearing with Mr. Yun, the court sets March 13, 2014 as the deadline for the SEC to file 

Case 2:10-cv-00458-KJM-KJN Document 102 Filed 02/10/14 Page 1 of 2
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either a remedies motion against Hagener and Loomis or a stipulation with Loomis and/or 

Hagener to continue the deadline for filing a remedies motion in light of a plea agreement in the 

criminal case. 

 Based on their non-appearance at this hearing, Douglas Beevers and Klaus Kolb 

are directed to show cause within fourteen days of the date of this order why they should not be 

sanctioned in the amount of $250 each. 

 IT IS SO ORDERED. 

DATED: February 7, 2014. 

 

 

 

Case 2:10-cv-00458-KJM-KJN Document 102 Filed 02/10/14 Page 2 of 2