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United States Securities and Exchange Commission v. Jason Bo-Alan Beckman

UNITED STATES DISTRICT COURT DISTRICT OF MINNESOTA


April 19, 2013

UNITED STATES SECURITIES AND EXCHANGE COMMISSION, PLAINTIFF,
v.
JASON BO-ALAN BECKMAN, ET AL., R.J. ZAYED, DEFENDANTS, RECEIVER.

The opinion of the court was delivered by: The Honorable Michael J. Davis Chief Judge United States District Court

ORDER APPROVING SETTLEMENT AGREEMENT AND GRANTING PARTIAL LIFT OF ASSET FREEZE

The above-entitled mattercame before the Court upon Everest Indemnity Insurance Company's Motion for Approval of Settlement Agreement and Partial Lift of Asset Freeze on March 22, 2013 (Doc. No. 358). Appearances of the parties and counsel were as noted on the record. The Confidential Settlement Agreement and Release ("Agreement") that is the subject of this Order is filed at SEC v. Beckman et al., Civ. No. 11-cv-574 (Doc. No. 361-1, Exhibit A). Based on the Agreement, the arguments of counsel, and all other files, records, and proceedings herein,

IT IS HEREBY ORDERED:

1. Everest Indemnity Insurance Company's motion is GRANTED.

2. The Court approves the Confidential Settlement Agreement and Release between Ronald Stolpman and Respondent Paul Wood and his insurer, Everest Specialty Underwriters, LLC, that is filed at SEC v. Beckman et al., Civil no. 11-cv-574 (Doc. No. 361-1, Exhibit A).

3. The Court grants a partial lift of the asset freeze imposed by this Court's Order dated March 8, 2011 (Doc. No. 9) to permit Everest Indemnity Insurance Company to pay the settlement amount. Upon receipt of this Order, and pursuant to the terms of the Confidential Settlement Agreement and Release, Everest Indemnity Insurance Company shall pay to Ronald Stolpman the sum of forty thousand dollars ($40,000.00). SO ORDERED.

BY THE COURT:

Michael J. Davis

20130419

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