SECURITIES AND EXCHANGE COMMISSION v. GOLDFARB

No. C 11-00938 WHA.

SECURITIES AND EXCHANGE COMMISSION, Plaintiff, v. LAWRENCE R. GOLDFARB and BAYSTAR CAPITAL MANAGEMENT, LLC, Defendants.

United States District Court, N.D. California.

August 21, 2013.


Attorney(s) appearing for the Case

Securities And Exchange Commission, Plaintiff, represented by John Scott Yun , Securites & Exchange Commission, Marc J. Fagel , Securities and Exchange Commission, Erin E. Schneider , Securities & Exchange Commission & Robert S. Leach , United States Attorney's Office.

Lawrence R. Goldfarb, Defendant, represented by Steven Morris Katz , Sideman & Bancroft LLP, John W. Cotton , Gartenberg, Gelfand, Hayton & Seldon LLP & Richard Joseph Nelson , Sideman & Bancroft LLP.

Baystar Capital Management, LLC, Defendant, represented by Steven Morris Katz , Sideman & Bancroft LLP, John W. Cotton , Gartenberg, Gelfand, Hayton & Seldon LLP & Richard Joseph Nelson , Sideman & Bancroft LLP.


ORDER GRANTING RECEIVER'S MOTION TO APPROVE THE SALE OF RECEIVERSHIP ESTATE'S INTEREST IN MAGNA REAL ESTATE MANAGEMENT LLC

WILLIAM ALSUP, District Judge.

INTRODUCTION

In this SEC enforcement action, a receiver was appointed to sell defendants' assets. The receiver moves to approve the sale of the receivership estate's largest asset, an interest in a limited liability corporation. For the reasons stated below, this motion is GRANTED.

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