Champion-Cain

Securities and Exchange Commission v. Champion-Cain

Good Law
United States District Court, Southern District of CaliforniaMay 25, 20213:19-cv-01628California2,812 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 3816 v. MISSION BLVD. PROPERTY

GINA CHAMPION-CAIN AND ANI

DEVELOPMENT, LLC,

[ECF No. 653] 16 Defendants, and

AMERICAN NATIONAL

INVESTMENTS, INC., Relief Defendant. 21 22 23 24 25 26 27 28 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 scheme. ECF No. 1. On September 3, 2019, the Court established an equitable receivership and appointed Krista L. Freitag (“Receiver”) as the receiver of ANI …

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