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Securities and Exchange Commission v. Secure

May 15, 2013

SECURITIES AND EXCHANGE COMMISSION, PLAINTIFF,
v.
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. Senior United States District Judge

ORDER AUTHORIZING SURRENDER OF THE SIL-I POLICY

Receiver Michael J. Quilling ("Receiver") moves for Authorization to Surrender the SIL-I Policy. The Court, having considered the motion, including the attached exhibit, finds good cause exists to do so. Therefore, Receiver's motion (ECF No. 937) is GRANTED. Receiver is authorized, in his discretion, at such time as the receivership estate is required to expend additional funds to pay premiums, to surrender the receivership estate's interest in the life insurance policy number 957100763E2 in the face amount of $1 million issued by Metropolitan Life Insurance Company (aka "MetLife"), referred to in Receiver's Motion as the SIL-I Policy, in exchange for payment of the net cash value.

20130515

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