Champion-Cain
Securities and Exchange Commission v. Champion-Cain
Opinion
Trial Court Opinion
UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF CALIFORNIA 10 SECURITIES AND EXCHANGE Case No.: 3:19-cv-1628-LAB-AHG
COMMISSION,
ORDER ESTABLISHING UNIFORM
Plaintiff, PROPERTY SALE PROCEDURES v.
GINA CHAMPION-CAIN AND ANI
DEVELOPMENT, LLC,
16 Defendants, and
AMERICAN NATIONAL
INVESTMENT, INC., Relief Defendant. 21 I. BACKGROUND On August 28, 2019, the Securities and Exchange Commission (“SEC”) brought this action against Defendants ANI Development, LLC (“ANI Development”) and Gina Champion-Cain and Relief Defendant American National Investments, Inc. (“ANI Inc.”), alleging violations of federal securities laws based on a purportedly fraudulent liquor license loan scheme. ECF No. 1. Along with the Complaint, the SEC filed a Joint Motion and Stipulated Request seeking a preliminary injunction, appointment of a permanent Receiver, and other related relief (ECF No. 2), which the Court granted on September 3, 2019. ECF No. 6 (“the Appointment Order”). In the Appointment…