Four in One Company, Inc. v. SK Foods, L.P. et al

Filing 268

STIPULATION and ORDER signed by District Judge Kimberly J. Mueller on 5/10/2016 ORDERING that the 5/12/2016 status conference is CONTINUED for one year until 5/11/2017 at 02:30 PM in Courtroom 3 (KJM) before District Judge Kimberly J. Mueller. (Zignago, K.)

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1 2 3 4 5 ROGER M. SCHRIMP (SBN 39379) DAMRELL, NELSON, SCHRIMP, PALLIOS, PACHER & SILVE 1601 I Street, Fifth Floor Modesto, CA 95354 Telephone: (209) 526-3500 Facsimile: (209) 526-3534 rschrimp@damrell.com Liaison Counsel for Plaintiffs and the Class 6 7 UNITED STATES DISTRICT COURT 8 9 EASTERN DISTRICT OF CALIFORNIA, SACRAMENTO DIVISION 10 11 12 FOUR IN ONE COMPANY, INC., on behalf of itself and all others similarly situated, 15 16 17 STIPULATION AND [PROPOSED] ORDER TO CONTINUE STATUS CONFERENCE Plaintiffs, 13 14 Case No. 08-cv-3017 KJM EFB v. SK FOODS, L.P., INGOMAR PACKING COMPANY, LOS GATOS TOMATO PRODUCTS, SCOTT SALYER, STUART WOOLF and GREG PRUETT, Date: Time: Place: Judge: May 12, 2016 3:30 p.m. Courtroom 3 Hon. Kimberly J. Mueller Defendants. 18 19 WHEREAS, on September 16, 2014, the United States Bankruptcy Court for the Eastern 20 District of California entered an order confirming the "Second Amended Joint Plan of Liquidation 21 of SK Foods, LP and its Substantively Consolidated Affiliates (July 16, 2014)" [Dkt. No. 4980] 22 (the "SK Foods Bankruptcy Plan") in the Chapter 11 bankruptcy action filed by Defendant SK 23 Foods, L.P. (Case No. 09-29162-D-11); and 24 WHEREAS, all funds from the Class settlements with Ingomar Packing Company, Los 25 Gatos Tomato Products, Stuart Wolf and Greg Pruett have been paid and distributed to the Class 26 and the only funds left to be distributed to the Class are those pursuant to the SK Foods 27 Bankruptcy Plan in the bankruptcy action; and 28 STIPULATION AND [PROPOSED] ORDER -1- CASE NO. 08-CV-3017 WHEREAS, the SK Foods Bankruptcy Plan became effective in early 2015 and the 1 2 Chapter 11 Trustee informed Class Counsel he anticipated making two or more distributions to 3 creditors with the initial distribution to the Class to occur in April 2015, and additional 4 distributions to the Class expected to occur in the near future pursuant to an application in the 5 bankruptcy action for the release of additional funds being held by the Australian government; 6 and 7 WHEREAS, Class Counsel received funds for the Class from the bankruptcy in the 8 amount of $425,532.72, which by order of this Court were distributed pro rata to the Class 9 members by the claims administrator under the approved plan of allocation; and 10 WHEREAS, on September 15, 2015, the Chapter 11 Trustee informed Class Counsel that 11 the Attorney-General’s Department of the Australian Government (the “AGD”) has refused to 12 release the requested additional funds finding such release inconsistent with the policy objectives 13 of Australia’s Proceeds of Crimes Act of 2002; and 14 15 16 WHEREAS, the Chapter 11 Trustee has decided not to challenge the AGD’s decision under Australia’s administrative procedures act; and WHEREAS, in light of the failure of the bankruptcy application to secure release of the 17 Australian funds, the Chapter 11 Trustee has asked the United States Department of Justice 18 (“DOJ”) to make a direct request to the Australian government for release of the funds; and 19 WHEREAS, Class Counsel does not yet know when or if the DOJ will agree to make such 20 a request, or whether the Australian government in its discretion would choose to grant the 21 request if made; and 22 WHEREAS, it is the opinion of Chapter 11 Trustee that if the DOJ were to make a direct 23 request it would likely will take at least a year for the Australian government to decide whether to 24 release all or a portion of the funds, based upon the Trustee’s experience with the Australian 25 Minister of Justice’s decision-making process; and 26 WHEREAS, the Chapter 11 Trustee has informed Class Counsel that there may be 27 monetary recovery obtained through adversary proceedings against the law firm of Kasowitz, 28 Benson, Torres & Friedman LLP, and Donald J. Putterman in the Bankruptcy Court for the STIPULATION AND [PROPOSED] ORDER -2- CASE NO. 08-CV-3017 1 Eastern District of California (Adversary Proceeding No. 14-02025-D), which could result in 2 funds being distributed to unsecured creditors, including the Class, but that any recovery is 3 uncertain at this point and unlikely to occur sooner than in twelve months as the litigation is in the 4 discovery phase with a pre-trial conference set for April 13, 2017; and 5 6 WHEREAS, the Chapter 11 Trustee anticipates making no future distribution to the Class other than the potential distributions referenced above; and 7 WHEREAS, the Court has a status conference currently scheduled for May 12, 2016; 8 NOW THEREFORE, the parties hereby stipulate, subject to this Court's approval, that the 9 May 12, 2016 status conference be continued for one year until May 11, 2017, or any other date 10 convenient for the Court, to address status of the potential distributions from the bankruptcy 11 proceedings. 12 13 DATED: May 9, 2016 By: DATED: May 9, 2016 By: /s/ Steig Olson (as authorized on 5/6/16) Stephen R. Neuwirth Steig Olson QUINN EMANUEL URQUHART & SULLIVAN, LLP 51 Madison Avenue, 22nd Floor New York, New York 10010 Telephone: (212) 849-7000 Facsimile: (212) 849-7100 stephenneuwirth@quinnemanuel.com steigolson@quinnemanuel.com 14 15 16 17 /s/ Arthur N. Bailey, Jr. Michael P. Lehmann Arthur N. Bailey, Jr. HAUSFELD LLP 600 Montgomer Street, Suite 3200 San Francisco, CA 94111 Telephone: (415) 633-1908 Facsimile: (415) 358-49800 mlehmann@hausfeldllp.com abailey@hausfeldllp.com 18 19 20 21 22 23 24 25 Class Counsel 26 27 28 STIPULATION AND [PROPOSED] ORDER -3- CASE NO. 08-CV-3017 DATED: May 9, 2016 By: 4 /s/ Stephen Zovickian (as authorized on 5/6/16) Stephen Zovickian MORGAN, LEWIS & BOCKIUS LLP One Market Street, Spear Tower San Francisco, CA 94105-1596 Telephone: (415) 442-1000 Facsimile: (415) 442-1001 Stephen.zovickian@morganlewis.com 5 Attorneys for Defendant Ingomar Packing Company 1 2 3 6 7 DATED: May 9, 2016 8 9 10 By: /s/ George A. Nicoud III (as authorized on 5/6/16) George A. Nicoud III GIBSON DUNN & CRUTCHER, LLP 555 Mission Street, Suite 3000 San Francisco, CA 94105-2933 Telephone: (415) 393-8200 Facsimile: (415) 393-8306 tnicoud@gibsondunn.com 11 Attorneys for Defendant Los Gatos Tomato Products 12 13 14 DATED: May 9, 2016 By:   15 16 17 /s/ Miles Ehrlich (as authorized on 5/6/16) Miles Ehrlich RAMSEY & EHRLICH LLP 803 Hearst Avenue Berkeley, CA 94710 Telephone: (510) 548-3600 Facsimile: (510) 291-3060 miles@ramsey-ehrlich.coom 18 Attorneys for Defendant Greg Pruett 19 20       21 DATED: May 9, 2016 22 23 24 25 By: /s/ William Farmer (as authorized on 5/6/16) William Farmer FARMER BROWNSTEIN JAEGER LLP 235 Montgomery Street, Suite 835 San Francisco, CA 94104 Telephone: (415) 962-2877 Facsimile: (415) 520-5678 wfarmer@fbj-law.com Attorneys for Defendant Stuart Woolf 26 27 28 STIPULATION AND [PROPOSED] ORDER -4- CASE NO. 08-CV-3017 1 DATED: May 9, 2016 By: 2 3 4 /s/ Malcolm Segal (as authorized on 5/6/16) Malcolm Segal SEGAL & ASSOCIATES LLP 400 Capitol Mall, Suite 2550 Sacramento, CA 95814 Telephone: (916) 446-0886 msegal@segal-pc.com 5 Attorneys for Defendant Scott Salyer 6 7 DATED: May 9, 2016 By: 8 9 10 11 /s/ Kevin W. Coleman (as authorized on 5/9/16) Gregory C. Nuti Kevin W. Coleman SCHNADER HARRISON SEGAL & LEWIS LLP 650 California Street, 19th Floor San Francisco, CA 94108-2736 Telephone: (415) 364-6700 Facsimile: (415) 364-6785 gnuti@schnader.com kcoleman@schnader.com 12 Attorneys for Bradley D. Sharp, Chapter 11 Trustee for SK Foods, LP 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 STIPULATION AND [PROPOSED] ORDER -5- CASE NO. 08-CV-3017 ORDER 1 2 As provided by the parties’ stipulation (ECF No. 267) and good cause appearing, 3 the May 12, 2016 status conference shall be continued for one year until May 11, 2017 to address 4 the status then of the potential distributions from the bankruptcy proceedings. 5 6 IT IS SO ORDERED. DATED: May 10, 2016. 7 8 UNITED STATES DISTRICT JUDGE 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 STIPULATION AND [PROPOSED] ORDER -6- CASE NO. 08-CV-3017

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