Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-arwd-2_06-mc-00021/USCOURTS-arwd-2_06-mc-00021-0/pdf.json

Nature of Suit Code: 890
Nature of Suit: Other Statutory Actions
Cause of Action: Civil Miscellaneous Case

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Ellen E" Christtrsen

UEitid gtffi Att{sflsy'r Qff,oe

2ll W, Fofi StrEtt

Sulli 201

DErrcit MI 4*?26-3211

3r3-22d.9100

Enailr dlq4$sl4s6@g|0lss

Arlcm M. Enrb,rcy l-/

U. S, EffiaIl Euiilsr Admlnfufiatiod

409 Third Strost, S.w, Bsvfllut Floor

Wethlngto& D.C, 20416

202-205-6976

Emall: 4rknc.curbrey@hs.Eav

AfrsEnryr ft'rPlalf,dff

,JF

Mic.hrel K- Wyatt r

HoEa[ & ]hrt8on, LLF

S55 Tlrirtomh $trd, N.W.

TVuliugtso, D.C, 20005

20?'6.f,7.568r'.

Emalk mkwvn@hh law-com

Psrrylvl,Iftqtas t*.

Rolut W. Roddia

Kauhrr and Asaociates

MAY 03 2006

cltFtS R. Jfiivso 

, CLERK

DEPUTY CTERK

661 Airyort Bouldverd, Suitc 2A

AdrAr'bor. MI 48108

(?34) 769.34t0

En^eil; pnhffiot@ol.ooo

Attorneys fot Ddendant

IN THE TJNITEIT fITATTS DITITRICT COIJRT

FOR TEE DASTENil DISTRICT OE'MICHIGA}T

SOUTNERNDWIEION

ut{fiED BTAIE8 oF A}|ERICA,

pt{ir*lll,

Y.

PACInCCATTTAT4 L'P

Fs- 0L- zt

Clv. Acdon No. 0Gr0856 (EAF)

Ddcndrrl.

onpEF

Bsforr ihis cowt is ttc motion by &e udtsd suru of Afirdrca, ou bsbslf of ttre unit€d

ststrB suafl Bustregs Administtrtion C'8EA"). fur s Feliminry urd pcrrrrcllcnt id*itiod End

the appolfito.dt of the sBA rN pc'rrosr$st Rscoivir for pacific cspltd, t p c?sHfio cqital" u

-Doflnduf). TIU Corut, boing firtly advircd in tbe merite, hcrsby: '

OftDETS, ADtrI'DGF,S AND DECREES TITATI

$!6rllgtltaol'!ll,.raYl

Case 2:06-mc-00021-RTD Document 2 Filed 05/03/06 Page 1 of 7 PageID #: <pageID>
I . ItrEuEIt to thc prwisionr of I S U'8 'C. $ 687E ftis CorEt rlell tsks dt(clusivc

Jutrrllcrdm of Pacific Cspitrl, LP ("Fadfic Capllal' or "Defrod,ant!, md dtl of lts as8cls,

wharorrrc locatnd, afld tha UDlbd strtld fmrll Eudrcs drlnirlstattoo ('SBA'I is btfeby

appointed rcceiver Clho Reteivttrl of Psoifio Qapitf,l to slrvE witbout bfid undl firthc,r ordst of

rhie Courr Tbc Rroctvu ls appointil for the pwpose of adolntrtcr{ng, ffrshaltt4 aD{ if

ncoorsrry, llqntdatlng all ofPaoific Capital's asseB to *adgfy f16 olrirfl$ ofcrt{it0t8 tlsrdofit ir

tho ordcr of priority as ducnninrd by thir trout,

2, Thc Rpccivet qhall havs all pou,erq afitrorttlcs, dgfu ud rdvilcgos hg"tofue

poeseesed ty tln geeral partrem, managrm, office,rs, itkcdtoffi, employteo ad agmts ofPrnifc

Caplhl tudu appllcable Btde ard &dtrEl lan', urd by tlre Certlficate and llmltsd Ps{neffihtp

Arrcmont of mid pafinenlrlp, ln addtdon to all porarcrs and anthorlty confEncd r4on the R.oociwr

by tbs provilionr of 15 U,S,C, $ 6t7o and 28 U,E.C, $ 754 The ge$sfll p6tbEs! llnDEfF ir

directqrs, offiogs, eurployeoe aod rgrars ofPaciffc Cqibl aro horcby dkdl*d, $ush pesons

shall have no authorrity with respect to Pacifio Cryital's oP€$rtioog orasg€ts, qxsspt as EEy

hercrftm be oErclgly grantd by tbc RcEcir.d. tlcvii$sundtry lbc lbtugdng this Cottt

understands that the Puties acknowlcdge that the individuat msnbcrs of Woorllot lt4anagmmt,

LL,C, fta ftrmer mflsf,gsm.cffi cffipfliy 0f ltslffs CmiEl, hflve offe,red to cmtimre as

compeorrted mu,sultelte to Forifio CryiEl to rt6 srdcdt strd m such tsrdB Es lhe Sscdvcr mEy

a€cspt Iu E0coda$Ec wtth paregraph 5, bclcnr. Ths Rec0lv0t thall Nssurne ffid codFol tIrB

opcrdiou of Pacifo Crpitd md shall purruc oud pto+rw atl of itl shirDf,

3, ThE past asd/of lEe$cnt Officcrs, dircator4 Egsttft mEnEEErs, gcrEral plrhcr8,

accountn#, f,lhmsp lrd omploye$ of Pnsific CqpitaL es lv€ll Er all tbose acting iE rheir placq

uc hureby ordcred md dlrrstcd to trrt over to tho Rocelrrur fubwtlh 0I bookt, x€Eords,

2

t\lfiC. l|siitlor . ltdr.o fl

Case 2:06-mc-00021-RTD Document 2 Filed 05/03/06 Page 2 of 7 PageID #: <pageID>
dbflmffb, ecco'u D lrrd sI othtr iEltusitr md pcre of oaid Paru*gHp rad rll sdiq sfsitr

and peperty of tle prrrhcrtHp, urbcthcrcal o'r perronal, upoa rctatp of in*mctioor by frn

R.ccei'e rtgnrdlng tln tinc rnrt phor of nth poduction PanifiE Ca[lit5], F|F1fi6 eaFilal

CorporarioEt VP Ftclflc OP Ll,,cr wgodlot Mrnr*mat, LLC, ud/or Woodlot U gP' ilLC'

rtrrll firmi,rh a r+r{ttar stetursrt !o th,c Rcoeiver withiu fiw (5) buaircu dryt rftcr trc euty oftbir

Otdar, lirtiug the idenffiy, location and cstimaied valUe of AII assets of Pacific Cryihl as utll ds tre

names, sddrcstsa tld Eoutts df olalms of all onditryt of Praifio Capitd of lvhich Panlfo Crythl

Prdf,c Carpttal Corporation, WP ?salfio GP lIC, Wooillot lrrluogrusfrt, H,C, ild/or Woodltt ll

OP, LLC, haw krowlcdgc, dll pltrmru Td +uffiot Ltvfag oorruol, curtody or pooseorion ofary

asseE or pfi)pgtly of Pacific Capitai, ingluding the eenEral porners and the nmrgrmrnt co[Ipmy

of t46ffi6 C4ptiEIr qt! lt44lby dlpatFrl to tum s11ch trop6(V ov€E to lbe R&cdve.

4, Thc Rcceiver ehell pronptly glvc tgdcc ofiu rypoiflkdirrt ro rll looum geoaul

dld linitgd Fltllru, ofiIcers, dirreotorq ag6hb!rEIlEgg{$, crnplopes, shffeholderq areditest

debtor ad agemu of Prcif,c Cryttal, AII pqeoDl End Editicr owing rry obllgdloru ordcbts t

Pacjflc Cmlul shEll, rutil fifihcr ordffcd by ttrie Cour| pqy aII uroh obltguilomr ln accordmcc

vfith ttt tfrn$ ftS$Of tO tbt RcoCIwi snrl lE reccilit for urch m'wffiE Shf,[ heve thc Esmo fqrce

and effect a$ ifPacific Cq$lhl hd rccGivd yuoh pEmcds.

5, Thc R*eiver is bareby urtborizrd to oleu rtlh lt*eivcdf baok roceurdr, tt

ba*ing or ethor firllsisl iilstitutiorr, tF pdtnd orodlt oq hhdf of Pdft Cryttel, to rtlllm SBA

lsrsofmel' ssd b Epley ruEh other persornel as [Fc€Bssfy to effecfrEte thp opctadon ofts

Rcceiwruhip including, but mt liuiftC to, dorsysr acoouurrffE, ud consultffi rud is fJrtler

autlorized to cxpcnd Rcoohrc,rslrr:3 fiuds to cmpeomh ructrr pouorutl in auch amouds md upon

flch tffDE rs lhs Rcaclver qfiall deem reasofiable in llght ofthe usual ftes and bllllng panttces and

ISDC -tlJJffill -xldl+l6 rl

Case 2:06-mc-00021-RTD Document 2 Filed 05/03/06 Page 3 of 7 PageID #: <pageID>
pr,ocedrwr of auolr f,cEifinEl, Tle R.eceivrr ls ndt lEquhd to otrtein Corrt eppovnl prior to thc

dirbuounrm ofRcccirnr$ip fudr Srpapmh to ncmmol mplopa by fte Recatver u

peymta fm e*perses tncidcrtel t rdminictctlol of ftc Reccivcrship. Irr udditiorL tbn Roldrtr

t$ auhorized to rFiEhEBc 1}r BBA or tts EnplqJess for EilEI HOCnrfi bcurEd by SBA

pcrsonncl intho cchbfirlHrFt ffid rdrElEi6ffiior ofthe RecaivaBHp. Tbe Receiver ruy, s,t&ottt

firthrn order of tlfu Cout, tansftr, conFromise, or ordrururrfua dlrpore of any cluim u lrsel othet

tlm reol o*ae, vrhioh wonld r+flrlt ifl lst IEooGEds b lhc Rcceivcr,

6, Pacific CapiHI's past aud/m preseut otrcor4 drleotorq, ngienrs, ornagere, general

par{lerr, stluclnldors, snplo;cq+ ard otler appopiate persms (lnoludlng, qtlhotf llilltdon, fte

Deftndant's portrlio of cffiall h$iness concan+ ard hnkr o[ otber fiDtnsial iortiiltims doing

btshcst udfr DofmdmtaniVu Dafenda#r pottfulio sf lolU br.rriru*s crncms) qh.ull dlu/Ed

tldrr orfi, nr.rntant to B Loccfircr's Notice m Srrbpour4 o ths Rccolwr, nll que'rtionr rtrlcftt tt

rbay pr* b th!il tEgffdiflg es b,ushasg of mid p*tu*ship, or auy o6rr mettErelevam u tlu

oper*iou or admlnlsfaliotr of thc lkcdvcrshlp or trs collecdur of ffladt dus b Padfic capital. In

the evmt tha the Rsceiffi dE€E! it lFscltdfy b rtqui$ thp apponrance ofthe aforr,rncridsrn-d

pcno'nq tLe Froduction of docrrnus, irfornnatio4 m any oftcr form of dlfcorcfy coacerning ihe.

Esset+ FEopeffy or bminess assee of Paaifio C4ihl m acy oftEr BdtEr rel€\rEfit to &e cpcrdion or

adtdnlguNuon of tba fuod\Hrblp ortrc colledlof, offtEd.iftEto paEifid. Cryitd, thp Rmslver

shsll dirEct notice frr aay nrch appceuoucc by c{iltificd 'nail, Ed aaid pcmoru ftntl rypcar aud grvo

Afi'Ttts tq ths Rscei'reto Fttducc docqmcnb or srrbmlt to ary o,ther form of discovry la sEcsdasce

\\,th &r FodNFd Rtrlas qfCiyil Froscfi$E,

7 . The perdcs or pmrpoodw pardoe to arry wrd all cfuil legnl FocecdingD whErevcr

locrfrd, ineludiry, trut !6t lirnitcrt to abitrason pooocdingq tHdE rFtcy or ft'rtolossrt asdoffi,

!lDC-tl5Yl@l . ElfHI! rl

Case 2:06-mc-00021-RTD Document 2 Filed 05/03/06 Page 4 of 7 PageID #: <pageID>
default FtoocrdiEfr, or auy otlt lmoceedlugr Iuvolving Prnlfio Cryital u rqy loap ofPaoifo

Crpiul, iuwlvl.ng Proific Capital or lH FE*trt or prrt otrffis, .tirocttrE, Eruaggrs, or gcbtrsl

pwtrws or tfic ltccciver, $'htch F*!'s havt hnnujht arit or barn trtxr sucd fo, or In rorrso8on

with, ary acflm trkn by Patific Cqdtdto officsq dirrlcuttr, managcn, or Emcml parhcrs tnhilo

acting ln suah cryecitywhaft* as plaitriff, defcodni, ttld+mtyplahfffi, thtudaarty defeodau,

or otlren*lca, of wilh rEryecto ilfy HEsdts ofPadfic Cqful, ur anjoirrd from hkiry qry actior,

tnafuding diecovcry, dttttlli.tibg or sontinulug uy lognl posoadtqg of sry ueturc ltr cosslotiod

witL ary p,toceeding aicclrt as othnurlra povidcd ir the lr"rl rdence of pnr4nph E of this Ordu.

L AII pending cMt hgrl Foccedibgs ufisrcvu focfiod, inolrrring ubiratlon

foceedbgg, frrcclosurt arfivitie+ banhlptoy artiona or dofrult procffdlngE luvolving Padfic

Cqildl o'r any of its as$nff or any aElion of aoy n*w takm by Paci$a CaStal's FrrEoot s Fst

o,ffisrrs" dirEch'rs, rlaEagurs, tr gstrrdsl perluerq which pgffot heve huugld luit or have bem

eucd ftf, u ls cffrection vrltlr, gry ldtidn Hkd by tFrE wbtle acffry iD ftEir offtclal crpeorry

.r4lsther as plairfiff, deftndrrt, third-piltyplBild4, mild.!ffry defendmt, c othnnvise, de Etayd

in tlEir Edirety sud sll Csuril hrving ony judsdlcti*r cnrrr uy poding eivil legEl thoreuf re

enJoind &om takirg or Fadftittirg any action wrtil ff,utblr Ord$ ofllis Court, NffvithsrardiBg

the frrogoiog tlc ftllowing cases orc arerupt fiom frir Fby crdff "'dl fisthetr Ordtr of lhts Corft

(e) thc instr* proccodfug (b) Sc E€pffiie recslwcihip ecrou filed iu trls Corlrt stylod Uritld

&are,\ u mrlte PIrcE ilmiled Pfrurar'ch& /lsnd (c) the peuding acdon rryled pao lfu Cqttat v.

gtrgtr.grflttrt, Irc-, * al (Int, Cowtf,or Stillrt r Couay, Tent'8weet,

9. Paoific Cepiul add lil pasr Fnd/or FGeEdrt directo$r ofiic€lrs, fiffagsrs, getr6r0l

FcdEErq aEcntg EEployees ef,d other pelsods aatirE lE oonp€rt crr particlprtion rhem''firr be, fid

thcy hotcly aft, qoif,eil *gf, SitIEr diruOtly Or hdircctly teki4 a1y astor1g or cagsiry my er5,h

lEE.ltt||dil . tsfiflE yl

Case 2:06-mc-00021-RTD Document 2 Filed 05/03/06 Page 5 of 7 PageID #: <pageID>
e$flon to bc tkan y&ioh wsuld dl$ipe ftE a$ct. ud FoFkfr of Faoife csl o thc @iurm

of the Rrorivcr 4poffid il thie crurc, trcluding br$ not lirntbd to dtgtldor, Of prtefsfp

'.ooadg or whielr would vloldr thc smell Br|rfoms Inrrrroet Act of rgsf,, Es anrndad" (tho

'SBIAT' 15 u,s'c. $ 661, gg ggg* or thc *gulatlonr pton'Isssed ilrrnq' der, (fts "Raetltionr'i,

13 eJ,n gl0?.l,slsg.

10. The Rccelvu ir srthorizcd to borrow on bchdf of paclflc Cap,tftl, fiam the SE/C;

up to $t'000'000' aEd is sthodzod to ce*o prdfro cqritar to hfuo R6n6iv.d! crttific#e of

In&bhdouss itr the prlndpel finomtr ofth. $rms bor,oy,E4 crhich c*tificates will bffi qfcrffit at

u ebouten (10) prceut Fff !qSU$ Bnd s,ilt lUre a maturiry date no later tlun l g mnnrhc eftlr tre

dac ofigeue. gatal Rccd8vqil.ra cEiltiscarea of ltdebte&ross rtrall harrc prdodty qvtr sr oth.r &bE

srl obltgafio6| efPaFifie cqttsl, u$ludins Ndriidrtr*ive erqcurto of tlc Rc+civemhip, rvkthu

prermtly oxi*iug or herdrufur ircutru4 includiry without limitattm rny elaimr of oqdty boucnr

ofPaclflc fuptul

I I . rlrie coL.t d*t*.oinss f,nd sqiudic#s that paoifio capftor rrrr viorated tbc eaihl

Imp*iment pr*|rtoru ofit,u sBrA md of$n RegursrioDq ss alte{Ed in thc comprrht ffred in frrg

ufrr' Aftr couplctiog lts ildvfti.e h a."orde*e rvift rhrs ftdar, thr Rrorive uay ntbqft e

reporto thts Coui, rroommcrrding thtt papiffo Cmitl,e liceose ag s[ SBIC bc *rrendcrcrt and

ldr/Ekod

12, The Unirsd St'is$ $fiafl Businsss Aft,,iflishafifi i€ fi,s{her ffirtU€d ro ajudgned

t€lidFi FaciEo c4iel in rhc totit rurn of $g,3S4,5+9.03, maeirting offlnoiS,el in tbc u,ouEt of

$9'364,803'79 and accnrcd brtcr,cst in thc cnoutrt of $19,7afJ4 ," of Aprit lg, 2006 witlt a pu

dlsn rete of$1'J18'85 up to thc dsls ufdE'v ofthio ordu*, prus postjudE''dt hterc& purtu'nt

to 28 U.S.C, g t96l as ofr[c daE of{f,try ofthls frrder.

tf,llc ,5l$qEEt , $at{tt Yt

Case 2:06-mc-00021-RTD Document 2 Filed 05/03/06 Page 6 of 7 PageID #: <pageID>
13- Any 6l1tsgffi+fl8, hcludilrg porir[t ofrtomc'y, aH' into by md b6tmo

Woodlot Mrrugomcn! LLC and/or tbc iudividual npngrds fhercof sd cdtain co.in$stor8 ln

crrtain rortfulio companlcr of Paoillc Cryltal aro horoby uslarjsod in tbdr cntirettr fdurddd

ttdr, f,o difqfit Ehqll be talr$ tfte'isuidff by f,qy pCrNCfl Or !d51y 1vftich qhrll inhCftOc with or

irryodo thc oodou of thc Rccci'rcr or thc ttfuinistrEtiou of lbc receiwr*bil ostatt; ardprolidod

furthu tha, neith,€'r SBA i! its sryrEiry as ftddrt rguoy m lts rcptE$Efitativssr SBA h tb

caFdcity |r CotEt lppointod Roodrur or thG Rrcrivcrr3 Egsnts or rtTresef,tEtivcs sbrll lbedEb or

bo r*pmaibla for auy dudcs or llabllt$cs arising from, or r#crring or rrladrg to, srrcb

aff8hgrocfib.

UF{IIT,D STATESDISTRICT COIJRT (ffiEF JUI}G|E

SDC ' iFlB[{0t -tLo{ld Yl

Case 2:06-mc-00021-RTD Document 2 Filed 05/03/06 Page 7 of 7 PageID #: <pageID>