S.E.C. v. Merrill Scott Associates, Ltd.

Full title: SECURITIES AND EXCHANGE COMMISSION, Plaintiff, vs. MERRILL SCOTT…

Court: United States District Court, D. Utah

Date published: Dec 8, 2003

Civil No. 2:02CV 0039C (D. Utah Dec. 8, 2003)

Opinion

Civil No. 2:02CV 0039C

December 8, 2003

DAVID K. BROADBENT, LINDSAY HOLA, HOLLAND HART LLP, Salt Lake City, Utah, for David K. Broadbent, Receiver for Merrill Scott Associates, Ltd.; Merrill Scott Associates, Inc.; Phoenix Overseas Advisors, Ltd.; Gibralter Permanente Assurance, Ltd.; and each of their respective Subsidiaries and Affiliated Entities

ORDER CONFIRMING PRIVATE SALE OF RECEIVERSHIP'S CANYON COVE PROPERTY

TENA CAMPBELL, District Judge

Based upon the pleadings, the matters coming before the Court at the hearing on December 8, 2003 at 4:30 P.M. and being otherwise informed in the premises, the Court

HEREBY FINDS AND ORDERS that:

1. The Receiver's notice and procedure for proposing the private sale to the Court of the Receivership's property located in Salt Lake County, Utah, at 6560 S. Canyon Cove Dr., 84121 (the "Property") is approved and confirmed;

2. The private sale of the Property is in the best interest of the Receivership;

3. The Receiver is authorized and directed to finalize the private sale of the Property under the terms of the proposed private sale outlined in the pleadings and at the hearing and such sale is hereby confirmed by the Court.