Champion-Cain

Securities and Exchange Commission v. Champion-Cain

Good Law
United States District Court, Southern District of CaliforniaOctober 26, 20203:19-cv-01628California3,322 words

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 GRANTING MOTION FOR

Plaintiff, APPROVAL OF SALE OF v. PERSONAL PROPERTY, LIQUOR

LICENSE, AND ASSIGNMENT OF

GINA CHAMPION-CAIN AND ANI

COMMERCIAL LEASE

DEVELOPMENT, LLC,

ASSOCIATED WITH THE OCEAN

16 Defendants, and BEACH SURF RIDER RESTAURANT

AMERICAN NATIONAL

INVESTMENTS, INC., [ECF No. 462] Relief Defendant. 21 22 I. BACKGROUND As described in prior orders, see, e.g., ECF Nos. 54, 162, 163, this is an action brought by the Securities and Exchange Commission (“SEC”) 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…

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