Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-caed-1_16-cv-00344/USCOURTS-caed-1_16-cv-00344-6/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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1

UNITED STATES DISTRICT COURT

FOR THE EASTERN DISTRICT OF CALIFORNIA

SECURITIES AND EXCHANGE 

COMMISSION,

 Plaintiff, 

 v. 

BIC REAL ESTATE DEVELOPMENT 

CORPORATION, et al.,

 Defendants.

1:16-cv-344-LJO-JLT

ORDER RE EX PARTE APPLICATION 

(Doc. 38)

The Court has received and reviewed the ex parte application of Federal Equity Receiver David 

Stapleton (“the Receiver”) in which he seeks a court order (1) authorizing his 6-month budget plan for 

the Receivership and (2) authorizing his use of the law firm of Allen Matkins Leck Gamble Mallory & 

Natsis LLP (“Allen Matkins”) to assist the Receivership. See Doc. 38 at 2. The Receiver requests that 

the Court permit him to incur $160,000-$200,000 in costs and for Allen Matkins to incur $130,000-

$175,000 in costs in the next six months. See Doc. 39 at 4.

The Court authorizes the Receiver to incur $80,000 in costs and Allen Matkins to incur $65,000 

in costs through June 12, 2016. On or before June 12, 2016, the Receiver shall submit a report to the 

Court in which he shall (1) outline the tasks the Receivership has performed and the costs it has 

incurred; (2) outline the tasks the Receivership intends to perform through October 2016; and (3) 

provide a reasoned estimate of the Receiver’s and Allen Matkins’s projected costs through October 

2016.

IT IS SO ORDERED.

Dated: April 12, 2016 /s/ Lawrence J. O’Neill 

UNITED STATES DISTRICT JUDGE

Case 1:16-cv-00344-DAD-JLT Document 43 Filed 04/12/16 Page 1 of 1