Securities & Exchange Commission v. Lauer

ORDER

MARRA, District Judge.

THIS CAUSE is before the Court upon Defendant Michael Lauer’s Motion to Modify Preliminary Injunction Order to Permit Access to His Frozen Funds For Legal Defense Costs [DE 1306], The Court has carefully considered the motion, response, the Receiver’s joinder with the SEC’s response, Lauer’s reply, the SEC’s sur-reply, Lauer’s sur-reply and the SEC’s additional exhibits in support of, its response. In his motion, Lauer requests that $777,758.54, the proceeds being held by the Receiver from the sale of Lauer’s New York condominium, 1 be released from the asset…