Securities & Exchange Commission v. L.M.E. 2017 Family Trust, et al., No. 21-10195 (11th Cir. 2022)
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The Securities and Exchange Commission (SEC) initiated an enforcement action against several entities and individuals. The district court granted the unopposed motion and appointed Appellee as receiver, authorizing him to “take custody, control, and possession of all Receivership Entity records, documents, and materials” and to “take any other action as necessary and appropriate for the preservation of the Receivership Entities’ property interests.” Defendants didn’t appeal the order appointing Appellee as receiver. The district court granted the motion. Defendants appealed, contending that they weren’t afforded an adequate opportunity to be heard before the receivership estate’s expansion. Appellee has moved to dismiss Defendants’ appeal for lack of jurisdiction.
The Eleventh Circuit dismissed the appeal. The court found that neither Section 1292(a)(2) nor Section 1292(a)(1) grants the court jurisdiction to consider the appeal because the expansion order was neither an order appointing a receiver nor an order granting (or modifying) an injunction. The court explained that to the extent that the appointment of the receiver or the expansion of his duties could be viewed as an injunction at all, the district court possessed freestanding authority to enter it. Given that the district court had both statutory and residual equitable authority to establish and expand the receivership, it had no cause to invoke the All Writs Act to aid its jurisdiction.
The court issued a subsequent related opinion or order on June 27, 2023.
The court issued a subsequent related opinion or order on January 11, 2024.
The court issued a subsequent related opinion or order on September 6, 2024.
The court issued a subsequent related opinion or order on November 14, 2024.
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