Filed: Feb. 15, 2018
Latest Update: Feb. 15, 2018
Summary: STIPULATED ORDER REGARDING INJUNCTION ORDER (BANKR. DOC. 216) Bankruptcy No. 08-61570-11. SAM E. HADDON , District Judge . Pending before the Court is Plaintiff Brian A. Glasser, as Trustee of the Yellowstone Club Liquidating Trust's Amended Motion for Entry of a Stipulated Order Modifying Preliminary Injunction 1 and the parties' Stipulation regarding Injunction Order, 2 ORDERED: 1. The Bankruptcy Court's order dated December 13, 2013 (Bankr. Doc. 216) (the "Restraining Order") enjoin
Summary: STIPULATED ORDER REGARDING INJUNCTION ORDER (BANKR. DOC. 216) Bankruptcy No. 08-61570-11. SAM E. HADDON , District Judge . Pending before the Court is Plaintiff Brian A. Glasser, as Trustee of the Yellowstone Club Liquidating Trust's Amended Motion for Entry of a Stipulated Order Modifying Preliminary Injunction 1 and the parties' Stipulation regarding Injunction Order, 2 ORDERED: 1. The Bankruptcy Court's order dated December 13, 2013 (Bankr. Doc. 216) (the "Restraining Order") enjoini..
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STIPULATED ORDER REGARDING INJUNCTION ORDER (BANKR. DOC. 216)
Bankruptcy No. 08-61570-11.
SAM E. HADDON, District Judge.
Pending before the Court is Plaintiff Brian A. Glasser, as Trustee of the Yellowstone Club Liquidating Trust's Amended Motion for Entry of a Stipulated Order Modifying Preliminary Injunction1 and the parties' Stipulation regarding Injunction Order,2
ORDERED:
1. The Bankruptcy Court's order dated December 13, 2013 (Bankr. Doc. 216) (the "Restraining Order") enjoining Timothy L. Blixseth ("Blixseth") "from spending, transferring, concealing, dissipating, disposing, assigning, hypothecating and/or encumbering any of [his] assets in an amount or of a value that exceeds $5,000.00 without prior Court approval"3 is hereby modified solely for the purpose of allowing Blixseth to transfer, assign, or encumber the Litigation Rights (as defined in the Stipulation4) to the Third Party (as defined in the Stipulation5) in connection with the consummation of the transactions contemplated by the Agreement (as defined in the Stipulation6).
2. Except as expressly modified herein, the Restraining Order shall remain in full force and effect.
3. The authority granted pursuant to this Stipulated Order and any transfer, assignment, or encumbrance pursuant hereto shall be null and void and of no force and effect if the Third Party fails to timely consummate the transactions contemplated by the Agreement.
