Donald Anthony Walker Young, et al.

On April 17, 2009, the SEC obtained an emergency Court order freezing the assets of Donald Anthony Walker Young, Acorn Capital Management, LLC and Acorn II, L.P., and relief defendants Oak Grove Partners, L.P., Neely Young and W.B. Dixon Stroud, Jr., in connection with an alleged multi-million dollar scheme to defraud. The emergency relief has been extended with respect to all defendants and relief defendants. The litigation is continuing.

On June 25, 2009, the Court appointed Louis C. Bechtle, Esquire, as Receiver in the SEC action. The goal and purpose of the Receivership is to assume control of, marshal, pursue and preserve the Receivership Assets with the objective of maximizing the recovery of defrauded investors. Notwithstanding, the SEC can make no representation as to whether there will be sufficient assets to distribute and/or as to whether, as a result of this litigation, any investor(s) will receive any compensation for losses. For more information about Receivership, you can visit the Receiver's website.

For more information about the SEC’s action, you can review the SEC's public releases (including its complaint).

http://www.sec.gov/divisions/enforce/claims/acorncapital.htm