Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-caed-2_03-cv-00112/USCOURTS-caed-2_03-cv-00112-1/pdf.json

Nature of Suit Code: 423
Nature of Suit: Bankruptcy Withdrawal 28 USC 157
Cause of Action: 28:0157 Motion for Withdrawal of Reference

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Dacquisto v. Burke, No. 03-0112-FCD

Stipulation for Release of Blue Ridge Funds.5

Mike K. Nakagawa, Esq. (SB#95760)

NAKAGAWA & RICO

A Professional Association

2151 River Plaza Drive, Suite 195

Sacramento, California 95833

Telephone: (916) 923-2800

Facsimile: (916) 923-2828

Attorneys for Defendants

Vista Property Development, Inc.,

Blue Ridge Properties, LLC,

and James Burke & Company

UNITED STATES DISTRICT COURT 

EASTERN DISTRICT OF CALIFORNIA

(Sacramento Division)

In re:

TRUCK-A-WAY,

Debtor.

 /

MICHAEL P. DACQUISTO,

Plaintiff,

v.

LINDA M. BURKE, ET AL., 

Defendants.

 /

Bankruptcy Case 02-21699-B-7

CIV S-03-0112-FCD

STIPULATION FOR RELEASE OF

BLUE RIDGE FUNDS AND ORDER

THEREON

Plaintiff Michael P. Dacquisto (hereafter “the Trustee”) and Defendant Blue Ridge

Properties, LLC (hereafter “Blue Ridge”), by and through their respective counsel, hereby agree

and stipulate as follows: 

1. All the parties set forth above, and others, have entered into a global settlement

which includes the above-captioned action. 

2. Said global settlement has been approved by the bankruptcy court with jurisdiction

over the pending bankruptcy cases of Truck-A-Way (Case No. 02-21699) and James D. Burke

(Case No. 02-26749), by means of orders entered March 10, 2005, which currently are on appeal.

///

Case 2:03-cv-00112-FCD-JFM Document 261 Filed 06/21/05 Page 1 of 4
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Dacquisto v. Burke, No. 03-0112-FCD

Stipulation for Release of Blue Ridge Funds.5 2

 3. The global settlement requires the payment of $350,000.00 to the Truck-A-Way

Trustee by wire transfer from funds maintained by Blue Ridge in A.G. Edwards Account No. 331-

334960 (hereafter “AGE Account”). Said funds (and other assets in the AGE Account) have been

frozen by means of an injunction issued by this Court on April 8, 2004 (hereafter “April 8th

Injunction”) and by a writ of attachment issued in this action when it was pending in the

bankruptcy court. 

4. Under a separate Claims Purchase, Assignment and Release Agreement, (hereafter

“Claims Assignment Agreement”) to which the Truck-A-Way Trustee is not a party, James D.

Burke or an entity owned or controlled by him is also required to pay $80,000.00 to City National

Bank from the AGE Account.

 5. In accordance with the global settlement, Blue Ridge hereby authorizes the transfer

of $350,000.00 by wire transfer to the Truck-A-Way Trustee from the funds in the AGE Account.

 6. In accordance with the separate Claims Assignment Agreement, Blue Ridge hereby

authorizes the transfer of $80,000.00 by wire transfer to City National Bank from the funds in the

AGE Account.

 7. Upon payment of the $350,000.00 to the Truck-A-Way Trustee, and $80,000.00 to

City National Bank, the balance of all funds remaining in the AGE Account shall be released to

Blue Ridge, free and clear of any interests of the Truck-A-Way Trustee, City National Bank and

any other party to the global settlement or the Claims Assignment Agreement, including any

interests arising as a result of attachments or judicial restraints. The release of the balance of the

funds in the AGE Account shall be effective upon the termination of the April 8th Injunction, as

provided in the separate Stipulation for Termination of Injunctions and Turnover of Property, and

Order Thereon, submitted herewith.

8. The parties to this Stipulation agree that the April 8th Injunction and any other

judicial restraints, including attachments, are lifted with respect to the AGE Account to permit the

payments provided under Paragraphs 3 through 7, above.

9. After payment of all funds due under the global settlement to the Trustee, the parties

shall submit a stipulation for dismissal of the within case. 

Case 2:03-cv-00112-FCD-JFM Document 261 Filed 06/21/05 Page 2 of 4
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Dacquisto v. Burke, No. 03-0112-FCD

Stipulation for Release of Blue Ridge Funds.5 3

10. This Stipulation may be signed by facsimile in counterparts and the parties agree

that the fully executed Stipulation may be submitted to the Court for approval without further

notice.

IT IS SO STIPULATED.

Dated: , 2005 

Michael P. Dacquisto, Chapter 7

Trustee for the Truck-A-Way Estate 

Dated: , 2005 Blue Ridge Properties, LLC 

By 

James D. Burke 

APPROVED AS TO FORM:

Stevens & O’Connell, LLP

Dated: , 2005 By 

Craig C. Allison, Esq.

Attorneys for Michael P. Dacquisto,

Chapter 7 Trustee for Truck-A-Way

Nakagawa & Rico

A Professional Association

Dated: , 2005 By 

Mike K. Nakagawa, Esq.

Attorneys for Vista Property Development,

Blue Ridge Properties, LLC, and James Burke

& Company

Case 2:03-cv-00112-FCD-JFM Document 261 Filed 06/21/05 Page 3 of 4
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Dacquisto v. Burke, No. 03-0112-FCD

Stipulation for Release of Blue Ridge Funds.5 4

ORDER

The above stipulation is hereby approved. 

Dated: June 20, 2005 /s/ Frank C. Damrell Jr. 

Honorable Frank C. Damrell, Jr.

United States District Judge

Case 2:03-cv-00112-FCD-JFM Document 261 Filed 06/21/05 Page 4 of 4