Champion-Cain

Securities and Exchange Commission v. Champion-Cain

Good Law
United States District Court, Southern District of CaliforniaFebruary 28, 20223:19-cv-01628California1,209 words

Opinion

Trial Court Opinion

UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF CALIFORNIA

SECURITIES AND EXCHANGE Case No. 3:19-cv-01628-LAB-AHG

COMMISSION,

ORDER GRANTING MOTION FOR

Plaintiff, RELIEF FROM ORDER ENJOINING

SUIT AGAINST RECEIVERSHIP

v. ENTITIES [Dkt. 741]

14 GINA CHAMPION-CAIN and ANI DEVELOPMENT, LLC,

Defendants,

AMERICAN NATIONAL

INVESTMENTS, INC.,

Relief Defendant.

20 In this receivership action, the Court previously exercised its equitable power to enjoin suit against Defendant ANI Development, LLC (“ANI”), Relief Defendant American National Investments, Inc., and their subsidiaries and affiliates (the “Receivership Entities”). (Dkt. 6). While the receivership action progressed, several investors filed suit (the “Investor Actions”) against non- party Chicago Title Company (“CTC”), alleging that CTC conspired with the Receivership Entities’ principal, Gina Champion-Cain, to misappropriate (the “Receiver”) sought and received the Court’s authorization to sue CTC in state…

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