United States of America v. Altotech II LP

Filing 90

ORDER re: Third Receiver's Report (sclc2, COURT STAFF) (Filed on 12/3/2009)

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For the Northern District of California

UNITED STATES DISTRICT COURT NORTHERN DISTRICT OF CALIFORNIA

UNITED STATES SMALL BUSINESS ADMINISTRATION IN ITS CAPACITY AS RECEIVER FOR ALTO TECH II, L.P., Plaintiff, v. ALTOTECH II, LLP, Defendant.

United States District Court

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Case No. 06-3879 SC ORDER RE: THIRD RECEIVER'S REPORT

On September 24, 2009, the United States Small Business Administration ("SBA") as Receiver for Altotech II, L.P. ("Altotech"), filed a Motion for Entry of an Order Approving and Confirming the Third Receiver's Report for the period July 1, 2008 through June 30, 2009. Docket No. 86 ("Motion").

The Court notes that, between the Second and Third Receiver's Report, the cash assets of Altotech have dropped from $4,956,913.60 to approximately $1,394,608. See Docket No. 68

("Second Receiver's Report") at 6; Docket No. 85 ("Third Receiver's Report") at 6. The Third Receiver's Report does not The change may

contain a sufficient explanation for this change.

be related to the line item in the attached Schedule of Receipts and Disbursements labeled "Payment on Participating Securities {to

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For the Northern District of California

SBA}."

See Third Receiver's Report Ex. A.

Before the Court will

enter an Order Approving the Third Receiver's Report, the Court requires the Receiver to submit a declaration explaining the change. The declaration must be filed within fourteen (14) days

from the date of this Order.

IT IS SO ORDERED.

Dated: December 3, 2009 UNITED STATES DISTRICT JUDGE

United States District Court

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