Filed: Mar. 14, 2018
Latest Update: Mar. 14, 2018
Summary: ORDER ANDREW P. GORDON , District Judge . This matter came on for hearing before the Court based upon the Order Setting Briefing Schedule on Distribution of Sale Proceeds (ECF No. 66). IT IS HEREBY ORDERED, ADJUDGED, AND DECREED that: 1. The amount of $100,000.00 shall be immediately released to Philadelphia Indemnity Insurance from the Omni Abstract Corp. Escrow Account No. 020722184 ("Escrow Account"); 2. The amount of $326,189.00 shall be immediately released to Westbury Manor Enterp
Summary: ORDER ANDREW P. GORDON , District Judge . This matter came on for hearing before the Court based upon the Order Setting Briefing Schedule on Distribution of Sale Proceeds (ECF No. 66). IT IS HEREBY ORDERED, ADJUDGED, AND DECREED that: 1. The amount of $100,000.00 shall be immediately released to Philadelphia Indemnity Insurance from the Omni Abstract Corp. Escrow Account No. 020722184 ("Escrow Account"); 2. The amount of $326,189.00 shall be immediately released to Westbury Manor Enterpr..
More
ORDER
ANDREW P. GORDON, District Judge.
This matter came on for hearing before the Court based upon the Order Setting Briefing Schedule on Distribution of Sale Proceeds (ECF No. 66).
IT IS HEREBY ORDERED, ADJUDGED, AND DECREED that:
1. The amount of $100,000.00 shall be immediately released to Philadelphia
Indemnity Insurance from the Omni Abstract Corp. Escrow Account No. 020722184 ("Escrow Account");
2. The amount of $326,189.00 shall be immediately released to Westbury Manor Enterprises, Inc. from the Escrow Account.
3. The balance of $250,000.00 shall remain in the Escrow Account pending further order from this Court;
4. The Parties shall continue to work together to agree upon the distribution of the remaining $250,000.00 in the Escrow Account; and
5. In the absence of a mutual resolution, the Parties shall appear before the Court for a Status Check on May 16, 2018 at 9:00 a.m. to discuss additional distributions. Each side shall file a brief — no longer than five pages — proposing how the proceeds should be distributed and providing the basis for their respective proposals. The briefs shall be filed no later than 5:00 p.m. on Wednesday, May 9, 2018. Should an agreement be reached, the parties shall submit a stipulation and proposed order and the Court will vacate the May 16, 2018 Status Check.
