Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-caed-2_09-cv-00665/USCOURTS-caed-2_09-cv-00665-45/pdf.json

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

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[PROPOSED] ORDER AUTHORIZING SALE OF FIDDLETOWN PROPERTY ON MLS AND ESTABLISHING PROCEDURES 

CASE NO. CV 09-000665 LKK-DAD 

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FUTTERMAN DUPREE 

DODD CROLEY

MAIER LLP

FUTTERMAN DUPREE DODD CROLEY MAIER LLP

JAMIE L. DUPREE (158105) 

JAIME E. GODIN (233187) 

180 Sansome Street, 17th Floor 

San Francisco, CA 94104 

Telephone: (415) 399-3840 

Facsimile: (415) 399-3838 

jdupree@fddcm.com

jgodin@fddcm.com

Attorneys for Receiver 

Stephen E. Anderson 

UNITED STATES DISTRICT COURT 

EASTERN DISTRICT OF CALIFORNIA 

SACRAMENTO 

SECURITIES AND EXCHANGE 

COMMISSION, 

Plaintiff 

v. 

ANTHONY VASSALLO, et al, 

Defendants. 

Case No. CV 09-000665 LKK-DAD 

ORDER AUTHORIZING RECEIVER TO 

LIST THE FIDDLETOWN PROPERTY 

FOR SALE ON THE MULTIPLE 

LISTING SERVICE AND 

ESTABLISHING PROCEDURES TO 

CONFIRM SALE

On April 30, 2009, this Court filed the Order Appointing Temporary Receiver for Equity 

Investment Management and Trading, Inc. (“EIMT”) and Order to Show Cause for Appointment 

of Permanent Receiver (“OAR”) and on July 31, 2009, the Court filed an Order permanently 

appointing Receiver. Pursuant to the OAR, for good cause shown, and in order to empower and 

authorize the Receiver to carry out his duties and obligations, and in order to preserve and protect 

any interests that EIMT has purchased or otherwise acquired, 

THE COURT HEREBY FINDS AND ORDERS AS FOLLOWS: 

Receiver would like to be able to market the real property known as 19990 Brockman 

Mill Road, Fiddletown, CA 95629, APN 021-040-023 (the “Fiddletown Property”) through a real 

estate agent who can list it on the Multiple Listing Service because he believes it will maximize 

the sales proceeds received for the Fiddletown Property. However, 28 U.S.C. § 2001 governs 

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Case 2:09-cv-00665-JAM-KJN Document 212 Filed 02/01/10 Page 1 of 2
[PROPOSED] ORDER AUTHORIZING SALE OF FIDDLETOWN PROPERTY ON MLS AND ESTABLISHING PROCEDURES 

CASE NO. CV 09-000665 LKK-DAD 

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FUTTERMAN DUPREE 

DODD CROLEY

MAIER LLP

sales of realty in receiverships and requires that Receiver conduct a public auction of any real 

property at the courthouse. While marketing the Fiddletown Property through the Multiple 

Listing Services does not satisfy the literal terms of Section 2001, its purpose is satisfied because 

there will be broad public exposure of the property, which will ensure that a fair and reasonable 

price is obtained. 

Accordingly, the Court hereby waives the requirements of 28 U.S.C. § 2001 and 

authorizes Receiver to market the Fiddletown Property through a real estate agent who can list it 

on the Multiple Listing Service. The Court establishes the following procedure for the sale of this 

property: 

• Upon entering a non-contingent sales contract for the Fiddletown Property 

(subject only to the condition of Court approval), Receiver will seek authorization 

from the Court to sell the property pursuant to the terms of the sales agreement via 

a noticed confirmation hearing. 

• Receiver shall serve notice of the confirmation hearing on all interested parties, by 

mail or electronic service at least 14 days in advance of the Court’s first available 

hearing date, and shall post a full set of the confirmation hearing papers on his 

website located at www.eimtreceivership.com

• All interested parties will be provided the opportunity to object to the proposed 

sale at the noticed confirmation hearing. 

• If at that hearing the Court determines the sales price is fair and reasonable, the 

Court shall confirm the sale transaction. 

Adequate notice of the sale will be given by providing written notice of the confirmation 

hearing to the interested parties and the opportunity to object at that hearing. 

IT IS SO ORDERED. 

Dated: February 1, 2010 

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Case 2:09-cv-00665-JAM-KJN Document 212 Filed 02/01/10 Page 2 of 2