United States of America v. Walden Capital Partners L.P.
Filing
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CONSENT ORDER of Receivership appointing U.S. Small Business Administration as Receiver for Walden Capital Partners L.P. re 1 Complaint filed by United States of America. Signed by Judge Barbara S. Jones on March 30, 2009, USDC, Southern District of New York, case no. 09-2845. (lw)
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T.-*futrp,fX$%tntfil, BE],-r .AM'BELL r.r{
ATTORNEY UNITED STATES (WY9t wILLTAM YOLD,IG 60)
lJ.S.Artorney S p e c i aessistant l E; 7"'Floor Essr, 2 7 1Cadman Plaza Itrooklyn, NewYork I1201 ' [ e l e p h o n e : (718) 254-605 7 (AE97I8) A R L E N E EMBREY M. l ' r i a l Afiorney U . S ,SoallBusi ncss Administration 4 0 9ThirdStreer, Floor S.W..Seventh \ V a r h i n g t o n , ?04l6 D.C, T e l e p h o n e , (?02)205-6976 F a c s i m i l e : (202i4S1-01?4
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t N THE Un*ITED STATESDISTRICT COIRT THE SOUTHETI.N F'OR DISTRICTOF ]{EW YORK I ; \ I T E D STATES AMERICA, OT' Flaintiff,
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C i v . A r t i o n -U " l L a V u w o.
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W A L D E NCAPITAL PARTI{ERS L.P. Dcfcndant,
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C O N S I : ] { TORDER this of B e l ' o r e Counis themotion theUnited bv States Amcrica. behalf the on of ("SBA").tbr a prcliminary perrnancnt Administration I , n i t e dStntcs SmallBusiness and tbr of l{eceivel Walden Capital i n j u n c t i o n theappointment theSBAasPermanent and P a r l n c rL P ThisCoun,being s firlly adviscd themerits. on hereby AND DECREES TH{T; O R D E R SADJUDGES . I Pursuanttutheprovisionsofl5C $ 687c Court t,.S this take shall
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jurisdiction Walden ("Walden"). nllof itsassets, excltrsive of Capital PartnersL.F. anci r,,,herever ("SBA"). located, theUnitcd Business and States Small Adrnrfljsrdtron is ("theltecciver") Walden sen,e hereby feceiver appointed of without to bonduntil I'rLrther g, is for o1' o r d e rol'thisCoun. TheRcceiver appointed thc puroose adrninirterin m a r s h a l l i nand, neccssary, g if liquidating of Waldcn's all to nssets .ratisfy claifis of the in by c r e d i t o rthercfrom thc orderofpriorityasdetemtined thisCourt s ?. authorities. andpriviteges TheRcceiver have powers. shall rights all
rflf,flagcrs, of h e r c l o f o rpossessed thegeneral e Dartners, oUiccrs, directors Waldcn and b}' )aw Pannership and under applicabie andfederal andby theClenificale l-irnited statc in to uponthe A u r e e m c n t saidpartnership,addition atl powers authorit.v and con(ened of panncrs. ol'l5 R e c e i v e r rhcprovisions U,S,C, (r87c ?8 U S,C. 754. Ihe general by and $ $ of dismissed. Suclt arc m a n a g e rdirectors. s. officers, and empJoyees agents Waldcrt hcrchy as except or persons $.ith iespect Waltlcn's to opcrations assets, shalthavcno authority and granted theReceiver, bv TheReceiver assunte shall he m a yhereatler expressly pursue preser,"c of its claims. all ofWalden shall and and c o n t r otheoperation l i general managers. Thepaslartdlot present agents. ditectors. offrccts.
in as actini.l partners. of\\'alden. wellasall those artorreys emp1o1'ees accounranrs, and fonhrvith booksto all are and t h e i rplace, herebl, ordctcd directed tum overto theRecejver and and and of r e c o r d sdocuments. . acconnts all otherinstruments papErs saidpartnership r'rpon of whether or personal receipt real asscts property ofthe pannership. a l l other and production. \\aldenshall of regarding timeandplace sr'tch i n s t r u c t i o n s theReceiver the by within listingthe f u r n i s h rvritten staremenT flve(5) days a al\ertheeatry thi$Order. of value all assers as i d e n t i r ylocation estimeted . afld of ofWalden rvellaslhenarnes,
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a d d r e s s c s anounts ofclainrs and ha"ing ofall tmorlncreditors olWalden.A1lpcrsons c o n t r o lcustody possessionanyassets propefiy . or or Waldcn of ol'Walden. including s panner formcr f o r m e general r and lhanagemcnt are compirfiy, hereby to directed trrmsuch p r o p e r t overIo thc Rccciver. y 4 gir,e TheReceiver promptll' noticc itsappointment atlknorvn to shnll of
g e n e r B l limitcdparlncr$, and oflcers,directors, manegers, agenrs. shnreholders. cnrplovecs. crcditors. or dcbtors agents and and an1, of\\/alden All persons entities orving obli-qations pay such to d e b t s Walden untillurther ordered rhisCoun, a)1 shall. by obligations in pa_v-ments rhereofto Receivcr, itsrcccipr such lbr rvith and shall a c c o r d a n c e theterms the forocandcffcctasif Waldcn received pavments. had h a v e samc tho such 5. st TheReceiver herebl' authorizcd open is such Receiver's accounts. to bank
inslitutions, extend or to credit behaliof to SBA b a n k i n g otherfinancial on Walden, rrtilize p e r s o n n e l , to employ such to oland as the othcrpersonnel necessarye1l'ecluate operation but and including, noi lirnited atlorneys accountants. i!ifunhcf to. and t h ereceivership and in such receivership to compensate persodneL funds such arnounts 4 u l h 6 r i z eto expend d deem rcaronablc lightoftheusual feesandbi)ling u p o nsuch shall in rcrms thcRcccivcr as (lor.rn is personncl Receir'cr notrequired obtain Thc to p r a c t i c eandproccdures such s of priorto thedisbursementreceivership t'orpfl)'lyrcnlspcrsonnel funds to of approval for incidental adminiitration thc bv of r m p i o y e d ihe Receilrror pa.r..fients erpenses 10 is R e c c i v e r s h rIn additiorl, Receiver authorized reinrbursc StsAor its p the to tlte for b1, personnel theestablishment add expeflses incurred SEIA ifl e r n p l o y e e s travel lna\r, order a d m i n i s t r a t i o n receivership Redeiver wirhout The frrrther ofthe ofthis Coun, or oiany claimor asser, than estare, real t r a n s f e compromis$, othcrwise r, dispose other
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w h i c h would rcsultin nel proceeds the Receiver. to {r Waldcn'spastand/orprcscnt of}Icers, Rrqents. mana,qers, ucneral direcrors,
(inclr.rding, p a r t n e r sshareholders, , persons uitlrout employees. otherappropriate and portfoliocl'srnallbusiness concerlsantlbanksor otherfinaflcial l i m i t a t i o n ,the defendanls u'ith defendant andror portlblioof smaLl business institutions defendant's doingbusiness which it may pr.rt tlrembv thc Receivcr to c o n c e r n sshallans'"vel ) undcroath a)l quesrions r e g a r d i n g business partnership, any olhertna er relevant lhc operalloll or or the o{'sard Io o a d m i n i s t r a t i o nt h e r e c e i v e r s h op t h ec o l l c c t i o n f f u n d sd u et o W a l d e n .I n t h e e v e n t ir of irc entioned t h a tthe Recciveldeem it necessary requ rhe appearance tlrealbrem s ol' to p e r s o n stlteprodrlction documents, , information.or anv olhcr fbrm of disccvery ol relevanlto properry business othermatter the or c o n c e r n i n g assets. assets Waldenor anJi of of ofthe Receivership the collection funrisdr.rc or to t h e operalion adnrinistration or w a l d e n , the Receivershall direct notice for anv suchappearance certi{ied mail, tutd sard by produce persons or shallappcar andgive answerto the Rcceiver,
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