Securities and Exchange Commission v. Path America, LLC, 2:15-cv-01350-JLR. (2017)
Court: District Court, D. Washington
Number: infdco20171212666
Visitors: 8
Filed: Dec. 01, 2017
Latest Update: Dec. 01, 2017
Summary: ORDER APPROVING RECEIVER'S RECOMMENDED TREATMENT OF CLAIMS JAMES L. ROBART , District Judge . ORDER This matter came before the Court on the Receiver's Omnibus Motion Approving Receiver's Recommended Treatment of Claims ("Omnibus Claims Motion"), filed by Michael A. Grassmueck, Court-appointed receiver for Path America, LLC, et al. ("Receiver"). The Receiver has completed processing of all claims against the Receivership Entities submitted in accordance with summary claims procedures prev
Summary: ORDER APPROVING RECEIVER'S RECOMMENDED TREATMENT OF CLAIMS JAMES L. ROBART , District Judge . ORDER This matter came before the Court on the Receiver's Omnibus Motion Approving Receiver's Recommended Treatment of Claims ("Omnibus Claims Motion"), filed by Michael A. Grassmueck, Court-appointed receiver for Path America, LLC, et al. ("Receiver"). The Receiver has completed processing of all claims against the Receivership Entities submitted in accordance with summary claims procedures previ..
More
ORDER APPROVING RECEIVER'S RECOMMENDED TREATMENT OF CLAIMS
JAMES L. ROBART, District Judge.
ORDER
This matter came before the Court on the Receiver's Omnibus Motion Approving Receiver's Recommended Treatment of Claims ("Omnibus Claims Motion"), filed by Michael A. Grassmueck, Court-appointed receiver for Path America, LLC, et al. ("Receiver"). The Receiver has completed processing of all claims against the Receivership Entities submitted in accordance with summary claims procedures previously approved by this Court. The Receiver has made determinations regarding which claims he believes should be allowed, and in what amounts, and which claims are subject to objection and recommended for denial, as referenced in the charts attached hereto as Exhibits A and B. The Court, having considered the Receiver's Omnibus Claims Motion and all related submissions filed in support of and in response thereto, and other pleadings filed in this action, hereby ORDERS as follows:
1. The Receiver's Omnibus Claims Motion is hereby GRANTED;
2. The Receiver's proposed allowed and disallowed claims and proposed claim amounts are approved as specifically set forth in the charts referenced in Exhibits A and B, attached hereto, except as to the claims of Zhou Yan, (Claim Nos. 242a-242d.) The Zhou Yan claims shall be addressed separately per the Motion for Order Approving Treatment of Zhou Yan's Claims [Dkt. 590.]
EXHIBIT A
Receive Claims Recommendations Proof of Claims
Proposed
Claim # Claimant Claimed Amount Receiver Recommendation Allowed Amount
202 2812 Architecture $ 8,591.84 Deny/Assumed1 $0.00
203 AAR Testing Lab $ 12,514.00 Allow/Assumed2 $ 12,514.00
204 AAT CC Bellevue $ 105,866.49 Allow/Assumed $ 105,866.49
205 AJH Developmental Services, LLC $ 11,600.00 Partially Allow/Disallow $1,600 Unrelated to Receivership $ 10,000.00
206 AMDO Construction, LLC $ 170,214.98 Partially Allow $ 167,549.00
207a Ascent Law Group, LLC $ 30,712.50 Allow/Assume $ 30,712.50
207b Ascent Law Group, LLC $ 4,958.45 Allow/Assume $ 4,958.45
207c Ascent Law Group, LLC $ 1,697.50 Allow $ 1,697.50
207d Ascent Law Group, LLC $ 5,985.00 Allow $ 5,985.00
207e Ascent Law Group, LLC $ 10,920.00 Allow $ 10,920.00
207f Ascent Law Group, LLC $ 875.00 Allow $ 875.00
207g Ascent Law Group, LLC $ 7,367.50 Deny — Not a Receivership Obligation/Othello $0.00
207h Ascent Law Group, LLC $ 4,725.00 Deny — Not a Receivership Obligation/Othello $0.00
207i Ascent Law Group, LLC $ 7,005.00 Allow $ 7,005.00
207j Ascent Law Group, LLC $ 752.50 Allow $ 752.50
207k Ascent Law Group, LLC $ 25,227.50 Allow/Assumed $ 25,227.50
207l Ascent Law Group, LLC $ 980.00 Allow/Assumed $ 980.00
208 Bacchus Holding Inc. $ 10,000.00 Deny $0.00
209 Bargreen Ellingson $ 216,223.12 Deny/Assumed $0.00
210 Begum Steiner/Faruq Ramzanalli $ 7,472,387.13 Deny/Paid $0.00
211 Beijing Jiajing Consulting Service Co., Ltd unstated Deny $0.00
212 Cansine (HK) LLC $ 57,330.00 Deny $0.00
213 Cary Kopczynski & Co $ 1,548.00 Allow/Assumed $ 1,548.00
214 Cascade Riser Management $ 164.25 Allow $ 164.25
215 City of Shoreline $ 3,270.75 Allow $ 3,270.75
216 Comfort Systems USA Northwest, Inc (fka Merit
Mechanical, Inc) $ 100,497.30 Deny/Assumed $0.00
244 David Myaskovsky unstated Deny $0.00
217 Department of Treasury Internal Revenue Service $ 500,425.16 Partially Allow per Settlement
218 Dunner Law PLLC $ 1,496.00 Allow $ 1,496.00
219 efelle creative $ 570.00 Allow $ 380.00
220 EMA Investment, LLC Claims ownership interest Deny — Not Debt of Receivership $0.00
221 Eswar Eluri Claims ownership interest Allow $ 160,000.00
223 GLUMAC $ 6,300.00 Deny/Assumed $0.00
224 Gogert & Sons, Inc $ 4,475.54 Deny/Assumed $0.00
225 Goldfinch Brothers, Inc $ 19,904.00 Deny/Assumed $0.00
226 Hampton Inn Seattle-Everett $ 7,259.76 Allow $ 7,259.76
227 Johns Monroe $ 11,906.11 Allow $ 11,906.11
EXHIBIT B
228a King County Treasury Operations $ 2,751.00 deny/paid $0.00
228a King County Treasury Operations $ 7,772.42 Deny/Paid $0.00
228a King County Treasury Operations $ 1,608.37 Deny/Paid $0.00
228a King County Treasury Operations $ 5,497.77 Deny/Paid $0.00
228b King County Treasury Operations $ 16,439.52 Deny/Paid $0.00
228b King County Treasury Operations $ 5,633.84 Deny/Paid $0.00
228b King County Treasury Operations $ 3,534.85 Deny/Paid $0.00
Deny/Assumed $ 2,958/Deny $7,873.54 Claimed Against
229 KPFF $ 10,832.30 Othello. $0.00
230 Lobsang Dargey Claims ownership interest Deny $0.00
231 Marshall & Katherine Cymbaluk Family $ 1,331.00 $ 1,331.00
232a Moss Adams LLP $ 37,160.00 Allow $ 37,160.00
232b Moss Adams LLP $ 21,500.00 Allow $ 21,500.00
232c Moss Adams LLP $ 1,165.00 Allow/Assumed $ 1,165.00
232d Moss Adams LLP $ 7,500.00 Allow $ 7,500.00
232e Moss Adams LLP $ 5,445.00 Allow/Assumed $ 5,445.00
233 Newbanks, Inc $ 6,300.00 Deny $0.00
247 Pacific Coast Electrical Contractors, Inc $ 491,152.50 Deny/Assumed $0.00
234 Pelico Construction, Inc $ 45,680.00 Allow/Assumed $ 2,665.00
235 Perkins Cole, LLP $ 27,688.00 Allow/Assumed $ 27,688.00
236 Quality Press, Inc $ 311.25 Allow $ 311.25
237 Snohomish County Treasurer M/S #501 $ 5,993.62 Allow ?
238 Thomas Baker $ 226,700.85 Deny $0.00
239 US Securities and Exchange Commision Unstated Allow/Satisfied Through Receiver's Distrubutions
245 Veris Law Group, PLLC $ 5,184.00 Allow/Assumed $ 5,184.00
240a Voya Insurance and Annuity Company $ 27,588,209.86 Deny/Assumed $0.00
240b Voya Insurance and Annuity Company $ 1,328,000.00 Deny $0.00
246 WA State Dept of Labor and Industries $ 5,186.76 Deny $0.00
241 WSDOT Toll Division $ 187.85 Allow $ 187.85
242a Zhou-Yan $ 154,000.00 Deny $0.00
242b Zhou-Yan $ 77,084.38 Deny $0.00
242c Zhou-Yan Claims Ownership interest Deny $0.00
242d Zhou-Yan $ 1,397,596.00 Deny $0.00
243 Zizhen Shen (Jane) $ 546,363.50 Partially Allow $ 500,000.00
248 Toyota Motor Credit Corporation c/o Becket & Lee
LLP $ 4,447.36 Allow $ 4,447.36
TOTAL CLAIMS TOTAL ALLOWED
$ 40,862,007.38 $ 1,185,652.27
Receiver Tower Project Claims Recommendations Opt-Outs / Tower Claims
Proposed
Claimant Claimed Amount Receiver Recommendation Allowed Amount
Quionglin Miao $ 250,000.00 $ 250,000.00
Lin Li $ 250,000.00 $ 250,000.00
TingXuan Wang $ 250,000.00 $ 250,000.00
Chang Ding $ 250,000.00 $ 250,000.00
Mingjie Yu $ 250,000.00 $ 250,000.00
Ting Ji $ 250,000.00 $ 250,000.00
Shuxia Li $ 250,000.00 $ 250,000.00
Shengli Ding $ 250,000.00 $ 250,000.00
Guihua Li $ 250,000.00 $ 250,000.00
Ning Han $ 250,000.00 $ 250,000.00
Tower LLC $ - Allow per Tower Sale Order $ 6,381,300.00
Tower LLC $ - Allow per Tower Sale Order $ 500,000.00
TOTAL CLAIMS
$ 9,381,300.00
FootNotes
1. "Deny/Assumed" — these claims are Denied because they were assumed by the PAFM Project in connection with the sale/restructuring of the Farmers Market Entities.
2. "Allow/Assumed" — these claims are associated with the Tower Project and were allowed and addressed in connection with the Tower sale/restructuring transaction. Per the Tower Sale Order, the Receiver has processed the claims in the ordinary course of the receivership. The claims will be paid and the Receiver will be reimbursed by the Tower Entities.
Source: Leagle
