Filed: Oct. 18, 2018
Latest Update: Oct. 18, 2018
Summary: JOINT STATUS REPORT; ORDER KIMBERLY J. MUELLER , District Judge . The United States and claimants Leonard Yang, Chui Qiang Liu, Xiahua Ouyang, Megan Liu, Lone Oak Fund, LLC, Northern California Mortgage Fund IX and FJM Private Mortgage ("claimants"), submit the following Joint Status Report pursuant to the Court's February 13, 2017 Order. No other party has appeared in this action. The parties previously requested, and this Court granted, a stay of further proceedings in this matter in lig
Summary: JOINT STATUS REPORT; ORDER KIMBERLY J. MUELLER , District Judge . The United States and claimants Leonard Yang, Chui Qiang Liu, Xiahua Ouyang, Megan Liu, Lone Oak Fund, LLC, Northern California Mortgage Fund IX and FJM Private Mortgage ("claimants"), submit the following Joint Status Report pursuant to the Court's February 13, 2017 Order. No other party has appeared in this action. The parties previously requested, and this Court granted, a stay of further proceedings in this matter in ligh..
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JOINT STATUS REPORT; ORDER
KIMBERLY J. MUELLER, District Judge.
The United States and claimants Leonard Yang, Chui Qiang Liu, Xiahua Ouyang, Megan Liu, Lone Oak Fund, LLC, Northern California Mortgage Fund IX and FJM Private Mortgage ("claimants"), submit the following Joint Status Report pursuant to the Court's February 13, 2017 Order. No other party has appeared in this action.
The parties previously requested, and this Court granted, a stay of further proceedings in this matter in light of the ongoing companion criminal case, United States v. Leonard Yang, et al., Case No. 2:16-CR-00189 KJM. The parties hereby submit that the criminal case is still ongoing and, as set forth in the original Joint Status Report [ECF No. 32], the Court should stay further proceedings in this matter rather than fully schedule this case at this time. As a further update for the Court, the parties recently sold five of the defendant properties pursuant to an interlocutory sales order entered in the case: defendants 6340 Logan, 1735 Itasca, 9501 Jeffcott, 7918/7950 68th and 8982 Elder Creek Road. Pursuant to the interlocutory sales orders, most of the claims filed by property owners and lienholders were resolved in full. Accordingly, those claimants who no longer have an interest in the properties will soon file a stipulation to withdraw the associated claims. Any remaining claims will remain stayed until the outcome of the criminal case.
The United States has circulated a stipulation to sell the remaining defendant property, 6945 Nova Parkway, and the United States believes the property will soon be on the market for sale.
The parties will file another joint status report within 60 days, or within seven days after the criminal case resolves, whichever comes first.
Dated 10/11/2018 McGREGOR W. SCOTT
United States Attorney
By: /s/Kevin C. Khasigian
KEVIN C. KHASIGIAN
Assistant U.S. Attorney
Dated: 10/11/2018 /s/Anh Van Nguyen
ANH VAN NGUYEN
Attorney for claimant Leonard Yang
Dated: 10/10/2018 /s/Ernest Chen
ERNEST CHEN
Attorney for claimants Chui Qiang Liu and
Xiahua Ouyang
Dated: 10/11/2018 /s/Mark J. Reichel
MARK J. REICHEL
Attorney for claimant Megan Liu
Dated: 10/10/2018 /s/Simon Aron
SIMON ARON
Attorney for claimant Lone Oak Fund, LLC
Dated: 10/11/2018 /s/Thomas P. Mazzucco
THOMAS P. MAZZUCCO
Attorney for claimants Northern California
Mortgage Fund IX and FJM Private
Mortgage
ORDER
For the reasons set forth above, this matter is stayed pursuant to 18 U.S.C. §§ 981(g)(1), 981(g)(2) and 21 U.S.C. § 881(i). The parties shall file a joint status report within 60 days or until the resolution of United States v. Leonard Yang, et al., 2:16-CR-00189, whichever comes first.
IT IS SO ORDERED.
