Opinion
Case No. 2:07-cv-01724 GEB CMK.
December 16, 2010
ORDER GRANTING RECEIVER'S MOTION TO ALLOW AND SUBORDINATE "A" CLAIMS FILED BY RIC-J(1) AND RIC-J(2) INVESTORS
The Court has considered the Receiver's Motion to Allow and Subordinate "A" Claims filed by RIC-J(1) and RIC-J(2) Investors, and finds that the Motion should be granted.
Accordingly, it is ORDERED that the Receiver's Motion to Allow and Subordinate "A" Claims filed by RIC-J(1) and RIC-J(2) Investors is hereby GRANTED, and the investor claims set forth on Exhibit 1 attached to the Receiver's Motion to Allow and Subordinate "A" Claims filed by RIC-J(1) and RIC-J(2) Investors are adjusted and allowed in the amount proposed by the Receiver.
It is FURTHER ORDERED that payment of the investor claims set forth on Exhibit 1 attached to the Receiver's Motion to Allow and Subordinate "A" Claims filed by RIC-J(1) and RIC-J(2) Investors is hereby subordinated to the claims of all other investors and no distribution will be made to said investors of the RIC-J(1) or RIC-J(2) policies until such time as all other investors receive a 45% distribution from the receivership estate.
Date: 12/16/2010