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Securities and Exchange Commission v. Abandonment of the Bie-F&L Policy

UNITED STATES DISTRICT COURT EASTERN DISTRICT OF CALIFORNIA SACRAMENTO DIVISION


February 4, 2011

SECURITIES AND EXCHANGE COMMISSION,
PLAINTIFF,
v.
ABANDONMENT OF THE BIE-F&L POLICY SECURE INVESTMENT SERVICES, INC., AMERICAN FINANCIAL SERVICES, INC., LYNDON GROUP, INC., DONALD F. NEUHAUS, AND KIMBERLY A. SNOWDEN, DEFENDANTS.

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

ORDER AUTHORIZING

On January 6, 2011, Receiver Michael J. Quilling filed a motion for authorization to abandon the BIE-F&L Policy. The Court has considered the motion, and finds good cause therefore,

IT IS THEREFORE ORDERED, ADJUDGED AND DECREED that the Receiver's motion is GRANTED and the Receiver is authorized, in his discretion, at such time as the receivership estate is required to expend additional funds to pay premiums, to abandon the receivership estate's interest in the life insurance policy number B10090447L in the face amount of $4 million issued by American General Insurance Company, referred to in Receiver's Motion as the BIE-F&L Policy.

2/3/2011

20110204

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