United States of America v. JHW Greentree Capital

Filing 2

COPY OF ORDER from USDC-District of Connecticut appointing the Small Business Administration as receiver of JHW Greentree Capital. (JSF)

Download PDF
r i • Case 3:12-cv-00116-VLB Document 9 Filed 02110/12 Page 1 of 7 -'F1t..ED Filed 01/25/12 PW~~iQJlRIC,L:;:!~J~~ UISTF..CT OF Nt.~'C'i·,.)hA Case 3:12-cv..Q0116-VLB Document 2-1 12 FEB 2 I AM 10: 51 IN 'l'IIIt IOO'I'&D STAT.18 DDTRICl" COURT I'OJl THE DISTRIct OP CONNECl'Icur UNI'J'm BfATlBOP AMBRICA, . . . .lIrol......" ... U.... . . . S.......... AtbaIIdItntioa ,OfFICE OF Inc CLERK ) ) ) ) ) PllbdUI; ~ ) ) ) ) a..AedoaNo. 3/,t~ntA4 -------------------------) Q!N8!';N'1OBD1RO'pgm;prgpr IT IS HBRBBY ORDERED, ADJUDGBD AND DBCRBBD: ]. Pursuant to the proYisiooa of 15 U.s.c. §687c, this Court. . . cxclualw jurisclictiou of JRW Oreentaee ClpitaJ.. LP.("OracaIree") lad all ofb ...... ... property. ofwhatcvcr kind IIId wbonver locIIecI, and tho UDited States Sma11 BuIJDDss AdmiDiItratioIl raBA") is lI:n=by IPJM)iIm:d Racdwr ("tIM: Receivor") ofOreeldree to IICIrW without boad until fbrthor oaIer oftbla Court. The Reaei.,. is appo1Dted tor tho pU1pOIIO ofllllU'SbaJUugllld UquidadiDa in.. orderly JD8IIIK'II' aU ofONld:ree'...... aad satiaf)'lns tho claims of creditors tbereofin tho order ofpdodty 18 determiDed by tbls Court. 2. The R.eco1ver shaD have aD powers, authorities, rip1s IDCI privilop ha:dofOJe posseucd by the pzun1 pII'IDer. managers, ofticcn, directors, brvestment adviIors IDd other BpDtI of OreentIee UDdor appIicabJe. . aDd federal law. by tho CertItleate of Umitec1 Partncnhlp and Asreemant ofIJmited Partnarsblp of llid Jlmlted 1 Case 3:12-cv-00116-VLB Document 9 Filed 02110/12 Page 2 of 7 Case 3:12-cv..Q0116-VLB Document 2·1 Flied 01/25/12 Page 3 of 8 \ parbaahfp, in additioD to III pG'MI'I ad autharit)' of. aecoiver It equity, ad all powcn aad audIodty 00Dferred upon the RIoeiver by tho pmviaIoDa of 15 U.S.C.'687c amd 21 U.S.C. ,'1S4. Tho, mIDI.., ofBoers. dJrecfoD. iDve8tmeat IClYiDIIDd ...... of CJreaoIxeo are hereby dismlad IDd 1bo powell of1bo paanl pam... bcnby 8U1p111ded. Such parIOJII aha1l Uve DO 8Idhority with rospect to 0reen1me'1 operad_ or...., except to the extct IS may hereafter be expraaly amntod by 1bo Recelvw. 'l11e Reeciver aball_ 8IId COD1rol the operation of 0IeeD1ree and shill parsu.e _ pnIICI'YC aU of its claims. 3. Tho past IIIJIIIor preaoot paanl partDerI, mlllll&lllt oft1cen. dincIDrI, luwItmcDt advisors. apntI. trustees, ~, aocountants. ad cmplo,ees ofOrecrdnlct .. weD IS aU those ICtins iD their pIaee, _ _by orc1ad ad dbected to tum OWI'to tile Raceiver bthwith all boob, RCOrda, documeD1I, accounts aud aD other iutrumeatI and papers of aDd relatiua to Oreentrco IDd 1ta IUetI and aU otl1ar ..... and property of the COIpOI'Ition, whether real or peraonaI. The fbrm« 0eDaaI PInner aadlor oIber apat of Orcontreo, sbaU tbraiah • written statement witbiD teD (10) days after the CIItry oftbls Order, ~ 1be ideDtity, J.ocatlon and estimated IS 1be DIIIlCS, addresses _ue of aBusebt of Oxeentree IS wdl aDd IIDOUDtI ofclaims of a111mown CftIcIIton of 0reent1ee. W'dhiD thirty (30) da)'ll folJowiDs 1be entry oftbfs Order, such perIOD sball aJso funPsh a written report deacnDiDa all assctB. All pc:IJODI having COIdro1, custody or poaeaion of any aue1I or property of OftIeDlIee are hereby dfJeotlld to tum such ..... and property over to the RA:ceiver. 4. The R.ecelver shaD pmmpd.y alva notice ofits ippOintment to all known partners, ofllcors, dircctora, apota, employees. sIuutholden. creditors and de\Mors of 1 Filed 02/10/12 Page 3 of 7 Case 3:12-cv-00116-VLB Document 9 Case 3:12-cv-00116-VLB Document 2-1 Flied 01125/12 Page 4 of 8 Oreemree. II tbD Receiwt decIu DeCD••', or IdviIIbIe to eIl'oc:tulle the op.:atiOD of.. mceiwnIIip. All perIODI aad 0Idities owias my obJipticm or debt to 0reeDtrw, uadI bihar ordcrod by this Court, pay aIllUdl obIfpdoDs ill ICCOIdaiJce wI1h tile 1ImnI dIaoffO dJc Receiver and its JeOeipt for auch paJlIICIIfIlIbaI1luwe 1be IIIDO force ad effect IIICOJeeaIroc hid rocei'Vld 5. 1UCh,.,...... 1ho Receiver IaIMnbJ autharbIed to opal sacb Reociter'IICCO'UIltI at bIakiDa or otta. ftnmcIalla8tl1adoaa to exaend credit ell bebaIfofOreeDtrw, to utiI&Jo SBA peI'IODMI. aad to employ such other pmlOllDOl u it may" aeoesllr)' to c:ffectaate tile ope:ratioD of. lIICIlWDbip IncIudba& but DDllimttecl to, IltOmeyI. ICOOUDIBDts, and appraiaen, and II :ftIrtJIer .athoIlzed to apaId ftICClvenhip Imds to oompeaIIle aucb penonnel fa IUOb lD10UIltIaad upon such __ .1be R.eceiwr abaD deem 1'CIIIIODIb1e in IIsht of. usual_ aad bUIbta padiceB IIIICl p.IOCCIdunIs ofsuch pallOllJld. The RDceiver II DOt nquInd to ob1aiD Court approval pdcIr to the cUsbumoment ofRlOClivcnbip fbnds for payIDCIIII to pel. . . . . employed by the Reco.i'ftIr or for apeIIIOI tluat 1bc Reeelver deems advatIpous to the 0Idcrly adadDistradOllIlld opera1Ioa oftbe receiwnbip. In Idditioo, dlc Rece1wr lllUIbodzod to reimburle 1be SBA for travel cxpenICI iDcurrocl by SBA. pcIl'IODDOl in the eaIIIbHabmeat IDd admiDistratioD oftbo zeca\lCl'lbip. The Reed. .may. without fbather cmIcrr oftbls Court, tl~, C01'IlpI'OInIae or otberw.iIe diapoIe oflIlY _ ('lIlCludiDa without limitlticm my claim). otberoim real.­ 6. 0r0eaIrec'. past and/or prcaeDt pm1D.ers , otIlocn, directors, ..... 8CC01IIltants, IDIIDaacrs. sbaRhoJdm:B, cm.ploycea, debtca IID.d crcditons of OlCOidlee ad other appropriate persons (includiDs without Jimltation, the doteadlDl'l porttblio of small 3 Case 3:12-cv-00116-VLB Document 9 Case 3:12-cv-00116-VLB Document 2-1 Filed 02/10/12 Page 4 of 7 Filed 01125112 Page 5 of 8 buIIaaaa ClOJIIWDIIDd flDaacllII.iasIitudcIw doIDs 'buIIaeII with cIc.tiDIaDt eIJIJIot defimdant'a portIbllo ofllDllll:luslMa OODCIIIII) aIuIII, upoa reuaoable DOtice,. . . UDder 0Itb to the ReoeIwr all qaesdons wIdch the RIJceiWir may put to-them in compIiaace with die Pederal Rules ofCWiI PIocodare, IDd puIIII8IIt thaeto IhaIJ produce 8llJ docnmea1s _ nquired by the Recetnr ropnIiDa the busiDcas ofllid COIpOlIlion. or coJlcdion offimds clue to 0Jeentree. lD the 8Veat that the Recelver deems it DeCCIIIIJ to require the appeIl'IDCO ofthe aforaDeDtioDed pcnonat the production ofdocuInonts, iDftmatioa, or any other diacowry coaoanUna the III8OtI, pvparty or basiDca opcratk1es ofOnsen1lee, or 8llJ other DII1ter kelcmmt to the opendIoD. or jdministradOD oftbe Receivenbip or the c:oIlecI:kID oft\mds dae to an.sn.., die Reoaiver BIIaU mab ita discover)' requesl(s) in compliance with the DOdce.IUbpoeua ad other PecIeral Rules of Civil Procet:kn. 7. Tho pardea orplOllJleOdve.-ties to 8DJ·1ad all dvillepl poccedinp wbelever located, i:acI.ucUn& bat DOt timited to arbi1ratlOD pnceedinp., baknJptcy or foreclosure ICtioas, defiIuIt ~ or any other procecdinp ImoIving (i) 0nIeDttee, (it) aay assets of 0Jeentree. (ill) tile ReceIver tbr Oreent:rce or(iv) ORcr.aUee t • preacat or past ofticem, directors, managers, or pocral partners (iDcJ.udiDg the m..... or IDCIIlbcn of such general partner) to the CX1Mt said cIvlllopl JlI'OC"'C"inp involvo 8llJ actioa taIrm by them wbile acdDs in their official CIpIIClty with 0Ieentree, are eqIoined &om takiDa 8llJ acdoa. iDc.ludina cIIacovcry, CQlIIIIMI'dna or CODdDulDa aDy Jop1 pror.eediDa of 8DJ D8bR without tbrthet om. oftbis Court. 4 \ . Case 3:12-cv-00116-VLB Document 9 Filed 02110/12 Page 5 of 7 Case 3:12-cv-00116-VLB Document 2-1 Filed 01/25/12 Page 6 of 8 8. AD clvD .... poceedfnp wIIemw locIdId, iDcIDdfDa adJbratiw ~ fbnclO8llle IOdvitiea. 'baDIaupecy IICIio.nI, or defiaIt pmcoedfDp, bat exdudiDg file lasbmtpmaeedfn& brvoMDa (i) ~ (II) 1111 of..... ofOlealtree, (iii) the Recelva: ibr 0mm.tIec. (iv) Ch1Icm1:nIc'l pIeIIId or paIt ofBora, direckD, "......,Bt• ...,nl pedias(lncludflJlthe ........ or~oflUCh ..... parIIa") to the OJdaItsaid ctvJllepl pnlCeOdInp iIr¥olw ~ ICtkm 1aba In tbeIr of6dIl CIIJ*It1 hORleaircc ." stayod In the,lrerdblty,1Id III COUIfIbaYIDa 1111 judadictkI111aeofa cqiobd 6um taIdDg OfpemJlaiDa 1111 doD iii IUCh p:oceedmp undl1brtbcr Older of ddsCourt. 9. Further. u to a 08.1IIIe of acdoD ICCIUed or accruiaa ill favor of OrecDtnle II.piDst a tbiRt penon 01' party. any appIicIbJc Ibdu&e ofllndtldon Is 10Ued to the extent alkAwd by appHcablo Jaw cludDa the period in which tID lDjuDcdou ..... COIIIIIIODCCIDD oflcpl pmocccHnp .. in elliot u to 1bIt__ ofIOdoD. ]0. ORcntawamd its past aadIar p-.nt ............ pertDer or limItccl puIDerI, ofJ'ice.a, diftICtol8, ..... iIrYe:IbIIcmt advison, .p.oyw.... other pIIIOD8 acting in coaccrt or particlpatiaslbcn=wJ1h be, ... they hereby In, eqjoiDod 1iam ei1bI:r dlrcctly 01' ludirectly tIkiDs any doas. ca"sina 8Il'J such action to bel 1abn wbich would diulpde the . . . mdlor JIIOP'IdY of GraeatIw to the detrimeat ofb Rccciwr appoiD.ted ill 1bi8 causo, iDdudiDa but nat Jimi1ec1 to dostructloa of corporate IICOJda, • which would violate the SmIlI8usiDess 1Im:IstaDt Act of ]958. ulllDClllCled, J5 U.s.c. 661 &..., or the replatioDs promulptcd thenlUDdor 107. s rRegulatiou" 13 C.P.R. Part I • , Case 3:12-cv-00116-VLB Document 9 Case 3:12-cv-00116-VLB Document 2-1 Filed 02/10/12 Page 6 of7 Filed 01/25/12 Page 7 of 8 " up to $3.000.000, IIIId .latbom.Hocae OMabeo to iasuoRcceha'I CeItUfr:IIa of ~ in thepiDclpallDlOUldl of the liliiii ~ wbich CIIII1iflcatea wDlbelr iDten:It It CJI' about 10 pen=capel' IDIDDlIDd willlaYo'. maturity dB 110'" ba ] 8 JDCIIdhs .... tho date oflauc. Slid RI:ce1wI'I Cc:rtIfIcatII otlDl:lebledDoa IbaIlIa¥e priority CMIr all otbcr debta IDd obIiptioas ofOtMdl.. cxcIucIbIs IdaIiDiIIratiw ~ oftho R.ecei'vaIbfp, 12. wIIether......,. exiIdD& or.......iDouaecI. iDcIudina 'Ibis Court dc.nlira and a4jucIicItes that 0tec:I:Ib:e0. . ~o1atccldle SmIIl Business Invcatment Act. IS U.S.c. 661 et seq, IDd tbc Repl. .promulpted tbereunder at 1~ C.F.R. f 107.1 ct. " I I alleged ID tho 0:Implaint filed in1Ida ........ 13. AfteroompledDg ~ activities in aacoadaDcc with tbII Older, die Recelvcr may rcoommead that 0reeaae0.1iaeaae IIID SBlC be mokcd ad that eoDbol of~ Iimii:d p811DeIablp be retunIild 10 OI.MI.1tnIe'. pmnl pIIItDe:r aodIor i1I detlpco CJI' 6 Case 3:12-cv-00116*VLB Document 9 Case 3:12-cv*00116-VLB Document 2-1 Filed 02/10/12 Page 7 of 7 Filed 01/25/12 Page 8 of 8 SOORDERBDtbiI~ dafofFebruary2012 /s/ 1lIBHONORABLB UNrrBDSTATBS DISTRlCfCOURTJUOOB Vanessa L. Bryant SEEN AND AGREED BY mw GDIN'l'RIZ CAPITAL. L.P.AND TID U.s. ' SMALL BU8INB88 A.DMINIBTBA110N. T11RQUG111'BBIRDULY A1JTJIORIZED RBPIWDtNTATIVE8: JHW ORWll11ee CapItal, 1.P. By: iIs 0enaraI PadDa't JHW 0RtaInID Capital OPt u.c :~~~C_C¥·U.P. ~.~ MmwsJng Member 130 MaiD StnIet . New Canaan. Cf 06840 lJa.itcd State. Small Businoaa Adm.inia8ration Br.~~ ThomuG. • omcc of SBle f..kiuidatIoo 7

Disclaimer: Justia Dockets & Filings provides public litigation records from the federal appellate and district courts. These filings and docket sheets should not be considered findings of fact or liability, nor do they necessarily reflect the view of Justia.

Why Is My Information Online?