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Charles Schwab & Co. Inc. v. Springer

UNITED STATES DISTRICT COURT EASTERN DISTRICT OF CALIFORNIA


December 16, 2008

CHARLES SCHWAB & CO. INC., PLAINTIFF,
v.
KATHLEEN SPRINGER, GUARDIAN AD LITEM FOR CHAD CAMACHO, A MINOR; ET AL, DEFENDANTS.

The opinion of the court was delivered by: Garland E. Burrell, Jr. United States District Judge

ORDER

On December 15, 2008, the undersigned judge received the attached letter from the Guardian ad Litem for Chad Camacho. The Guardian ad Litem explains that the financial officer for the bank in which she tried to deposit a $1,615.90 interest check on behalf of minor Chad Camacho would not accept the check; and indicates that either the payees on the check would have to be changed before the check would be accepted for deposit or that a new order would have to be issued directing "where [the check] should be deposited." The Guardian ad Litem states the minor prefers that a replacement check issue which could be placed into a joint savings account opened by the minor and the Guardian ad Litem, and that authorization be given for the deposited funds to be used for the benefit of the minor (under the supervision of the Guardian ad Litem) for expenditures such as a laptop computer with accessories and other educational purposes. The Guardian ad Litem has also agreed to send receipts to the Court concerning expenditures from the account. The request for issuance of a replacement check is granted; however, no receipts for the above referenced interest money should be sent to the Court.

Therefore, the Clerk of Court shall reissue the check in the amount of $1,615.90 to the following payees: Kathleen Springer and Chad Camacho.

IT IS SO ORDERED.

20081216

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