UNITED STATES DISTRICT COURT EASTERN DISTRICT OF CALIFORNIA SACRAMENTO DIVISION
July 8, 2011
SECURITIES AND EXCHANGE COMMISSION, PLAINTIFF,
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 COMPELLING PAYMENT OF PREMIUM SHARE FROM MAGGIE C. WU [WIL-E&C]
On this day the Court considered the Receiver's Motion to Compel Payment of Premium Share from Maggie C. Wu [WIL-E&C]. Having carefully considered the Motion and the pleadings and papers on file in this case, the Court is of the opinion, and so finds, that the Motion should be granted. Accordingly,
It is ORDERED that Maggie C. Wu shall, within 10 days of the date of this Order, pay the Receiver $834.55 for her share of the premiums.
It is FURTHER ORDERED that Maggie C. Wu shall pay the Receiver her percentage share of all additional premium obligations within 10 days of the issuance of a written invoice.
It is FURTHER ORDERED that should Maggie C. Wu fail to pay $834.55 for her share of the premiums or her percentage share of any additional premium obligations as they become due, Maggie C. Wu's 3.2727272% ownership and beneficial interest in the WIL-E&C Policy No. 60057369 will automatically be forfeited to the receivership estate and be replaced by an allowed claim for $40,000.00 in her favor. It is FURTHER ORDERED that in the event Maggie C. Wu's ownership and beneficial interest is forfeited to the receivership estate, then Transamerica Occidental is ORDERED to change its records to reflect and effectuate the transfer.
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