Summary
rejecting the objections of a minority of investors that obstruct a fair result to the majority of investors
Summary of this case from Sec. & Exch. Comm'n v. Mcginn, Smith & Co.Opinion
C/A No. 2:07-CV-00919-DCN.
February 10, 2010
ORDER
This matter is before the court on non-party Charles Schwab Co., Inc.'s motion to be joined or to intervene (or otherwise allowed to appear as a party) for the sole and limited purpose of objecting to the receiver's motion to approve settlement and for related injunctive relief. Schwab's motion is GRANTED for the sole and limited purpose it requested. Pursuant to the order filed today approving the receiver's settlement agreement with Battery Wealth Management, Wayne Cassaday, and Continental Casualty Company, Schwab is to be treated as an Active Claimant for purposes of the allocation determination procedure set forth in the settlement agreement.
AND IT IS SO ORDERED.