On Friday, October 28th, 2022, the Receiver filed a motion with the court to approve a second interim distribution of $1.2 million. The motion also proposes to reduce MIMO claims in the receivership for investors participating in the class action settlements with Davis Wright Tremaine. The Receiver’s distribution will be made off of these adjusted MIMO balances, and are subject to “true-ups” once actual recoveries from the settlement are known. The hearing for the motion is December 2, 2022. Pending approval, the distribution will be made by December 15th.
Trial Date
The trial date in the case re: American Equities Inc., Riverview Bank, Pacific Premier Bank, et al, has been rescheduled to start on June 12, 2023.
Document Upload
New documents have been uploaded to the Documents page under Court Filings > October 2022:
October 28, 2022: Declaration of Service
October 28, 2022: Notice of Filing of Receiver’s Report for Quarterly Reporting Period Ending September 30, 2022
October 28, 2022: Declaration of Hannah Schmidt in Support of Receiver’s Motion
October 28, 2022: Receiver’s Motion
October 28, 2022: Declaration of Service
October 28, 2022: Citation
Document Upload
New documents have been uploaded to the Documents page under Court Filings > October 2022:
October 12, 2022: Declaration of Service
October 12, 2022: Receiver’s Notice of Intent to Compensate (August and September 2022)
Document Upload
New documents have been uploaded to the Documents page under Court Filings > September 2022:
September 13, 2022: Ex Parte Order to Approving Receiver’s Sale of Real Property (Condominium Tamar Unit #200, Los Cabos, Baja California Sur, Mexico)
September 13, 2022: Ex Parte Motion to Approve Receiver’s Sale of Real Property (Condominium Tamar Unit #200, Los Cabos, Baja California Sur, Mexico)
September 13, 2022: Declaration of John R. Knapp Jr. in Support of Ex Parte Motion to Approve Receiver’s Sale of Real Property (Condominium Tamar Unit #200, Los Cabos, Baja California Sur, Mexico)
September 13, 2022: Declaration of Service
September 13, 2022: Receiver’s Notice of Intent to Compensate (March and August 2022)