Securities and Exchange Commission v. Lee

UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF CALIFORNIA 11 Securities and Exchange Commission, Case No.: 14-cv-347-LAB-BGS

Plaintiff,

ORDER DENYING JUDGMENT

v. DEBTORS’ MOTION FOR RELIEF

FROM THE ORDER FREEZING

ASSETS

James Y. Lee, et al., [ECF NO. 199] Defendants, 18 19 I. INTRODUCTION Before the Court is Judgment Debtor James Y. Lee’s (“Lee”) and Judgment Debtor Larissa O. Ettore’s (“Ettore”) motion for release of frozen funds to pay counsel in connection with a pending civil contempt proceeding. (ECF No. 199.) Alternatively, Lee and Ettore (collectively the “Judgment Debtors”) request counsel be appointed to represent them in the contempt proceeding free of charge. (Id. at 199-1 at 16–17.) The United States Securities and Exchange Commission (“SEC”) opposes the motion. (ECF No. 200.) For the reasons set forth below, the request for release of frozen funds and the alternative request for appointment of counsel (ECF No. 199) are both…