Dauphin v. Jennings et al

Filing 352

MEMORANDUM OPINION. Signed by District Judge Liam O'Grady on 4/7/2017. (awac, )

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IN THE UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT OF VIRGINIA Alexandria Division Katherine R. Dauphin, Plaintiff, Civil Action No. l:15-cv-149 Louis A. Jennings and Beverly L. Hennager, Defendants. MEMORANDUM OPINION This matter comes before the Courton Defendants Louis Jennings and Beverly Hennager's Motion for Stay of Action on the Proposed Assignment of the DAMN Lease Pending Hearing. Dkt. No. 287. The Court conducted a hearing on the Motion on March 10,2017during which John Ryan, representative of CBRE, engaged by the Special Master to sell the leasehold, provided testimony on the process of achieving the maximum value of the DAMN Leasehold to the Kay Jennings Family Limited Partnership. For the reasons discussed below. Defendants' Motion is hereby DENIED. The Courtauthorizes the Special Masterto enter into the assignment agreement with DAMN, LLC as of today's date. I. Background' The judicially-administered distribution of property in this matter arises out of Plaintiff Kathleen Dauphin's Complaint filed on December 31, 2014 in the Cu-cuit Court of Fairfax, Virginia seeking dissolution of the partnership, of which Plaintiffand Defendants are general and ' In the interest ofclarity, the Court notes an immaterial error in its recent memorandum opinion adopting the Reports and Recommendations of Magistrate Judge Buchanan. Dkt. No. 341. The opinion noted that "[Kathleen] Holmes waspermitted to withdraw [as attorney for Louis Jennings] by the Courton January 13,2017." Id. at 3. Her withdrawal was actually approved by the Court on July 22,2016. Dkt. No. 161.

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