Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-3_14-cv-04891/USCOURTS-cand-3_14-cv-04891-9/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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United States District Court

Northern District of California

IN THE UNITED STATES DISTRICT COURT

FOR THE NORTHERN DISTRICT OF CALIFORNIA

In re

SYNERGY ACCEPTANCE 

CORPORATION,

Debtor

___________________________________

E. LYNN SCHOENMANN, Trustee of the 

Bankruptcy Estate of Synergy Acceptance 

Corporation,

 v.

JAMES A. TORCHIA, et al.,

Defendants.

Case No. 14-cv-04891-MMC 

ORDER DIRECTING PARTIES TO 

FILE UPDATED JOINT STATUS 

REPORT

Before the Court is "Trustee's Status Report," filed May 27, 2016, and 

"Defendants' Status Report," filed May 27, 2016. In their respective filings, the parties 

report that the Northern District of Georgia has placed certain of the defendants herein 

into receivership, and, in addition, the parties note that the Trustee intends to file in this 

Court a motion to enforce a settlement agreement between the Trustee and defendants, 

which motion defendants intend to oppose.

The parties previously advised the Court that the settlement agreement "must be 

approved by the Bankruptcy Court." (See Joint Notice, filed April 15, 2016, at 1:28 - 2:1); 

see also Fed. R. Bankr. P. 9019(a) (providing bankruptcy court with authority to "approve 

compromise or settlement"). Neither party indicates that a motion for approval has been 

filed in the Bankruptcy Court, and this Court's review of the Bankruptcy Court's docket 

indicates no such motion has been filed. Given that any issue as to the enforceability of 

Case 3:14-cv-04891-MMC Document 123 Filed 06/17/16 Page 1 of 2
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United States District Court

Northern District of California

the settlement agreement would appear to be premature unless and until the settlement 

agreement has been approved, the Court hereby DIRECTS the parties to file an Updated 

Joint Status Report, no later than September 30, 2016, to apprise the Court as to the 

status of the settlement.

IT IS SO ORDERED.

Dated: June 17, 2016

MAXINE M. CHESNEY

United States District Judge

Case 3:14-cv-04891-MMC Document 123 Filed 06/17/16 Page 2 of 2