Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-3_06-cv-06103/USCOURTS-cand-3_06-cv-06103-4/pdf.json

Nature of Suit Code: 870
Nature of Suit: Tax Suits
Cause of Action: 26:7426 IRS: Wrongful Levy for Taxes

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28 7439\412553v1 

Stip. re: Distribution of Excess Proceeds and 

Dismissal and [Proposed] Order 

Case No. C-06-6103 WHA (EMC) 

LAW OFFICES 

SIDEMAN

& BANCROFT LLP 

ONE EMBARCADERO CENTER, 8TH FLOOR 

SAN FRANCISCO, CALIFORNIA 94111-3629

WENDY ABKIN (State Bar No. 121286) 

E-Mail: wabkin@sideman.com

EMILY J. KINGSTON (State Bar No. 184752) 

E-Mail: ekingston@sideman.com

SIDEMAN & BANCROFT LLP 

One Embarcadero Center, Eighth Floor 

San Francisco, California 94111 

Telephone: (415) 392-1960 

Facsimile: (415) 392-0827 

Attorneys for Kristal L. Smith 

UNITED STATES DISTRICT COURT 

NORTHERN DISTRICT OF CALIFORNIA 

 SAN FRANCISCO DIVISION 

KRISTAL L. SMITH, Individually, and in her 

capacity as Trustee of the Smith Trust dated 

May 31, 2002, 

Plaintiff, 

v. 

UNITED STATES OF AMERICA; and 

DAVID L. LOPEZ-QUINTANA, 

Defendants. 

DAVID L. LOPEZ-QUINTANA, 

Counterclaimant, 

v. 

KRISTAL L. SMITH, Individually, and in her 

capacity as Trustee of the Smith Trust dated 

May 31, 2002, 

Counterdefendant. 

 CASE NO. C-06-6103 WHA (EMC) 

PARTIES’ STIPULATION REGARDING 

DISTRIBUTION OF EXCESS PROCEEDS 

AND TO DISMISS ACTION WITH 

PREJUDICE AND [Proposed] ORDER

IT IE HEREBY STIPULATED AND AGREED, by and between the Plaintiff and 

Counterdefendant, Kristal L. Smith, Individually, and in her capacity as Trustee of the Smith Trust 

dated May 31, 2002, (“Ms. Smith”), the Defendant, the United States of America, for itself and on 

behalf of the Internal Revenue Service (the “United States”), and the Defendant and 

Case 3:06-cv-06103-WHA Document 35 Filed 11/20/07 Page 1 of 4
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28 7439\412553v1 

Stip. re: Distribution of Excess Proceeds and 

Dismissal and [Proposed] Order 

No. C-06-6103 WHA (EMC) 

2

LAW OFFICES 

SIDEMAN

& BANCROFT LLP 

ONE EMBARCADERO CENTER, 8TH FLOOR 

SAN FRANCISCO, CALIFORNIA 94111

Counterclaimant, David L. Lopez-Quintana (“Mr. Quintana”), by and through the signatures of 

their respective counsel as set forth below, as follows: 

 1. This was an action pursuant to 26 U.S.C. § 7426(a)(3) to determine the proper 

distribution of excess net sales proceeds totaling $380,388.91 (“Excess Proceeds”), arising out of 

the sale on May 30, 2006, of a parcel of real property located at 1620 Germano Way, Pleasanton, 

California (the “Property”). The parties to this action claimed competing interests in the Excess 

Proceeds. 

2. On February 23, 2007, pursuant to the stipulation of the parties, the amount of 

$383,698.27, comprised of the Excess Proceeds of $380,388.91, and accrued interest thereon of 

$3,309.36, (the “Deposit”), was deposited by the parties with the Clerk of the Court for the 

Northern District of California (the “Clerk”). 

3. Pursuant to the stipulation of the parties and 28 U.S.C. § 2041, the Deposit of 

$383,698.27, was to be thereafter deposited by the Clerk with the Treasurer of the United States, 

or a designated depository, in an account maintained in the name and to the credit of the United 

States District Court for the Northern District of California, San Francisco Division, and to be 

maintained in said account pending a resolution of the parties’ competing interests therein. 

4. The parties have resolved their competing claims in and to the Excess Proceeds and 

the accrued interest thereon. 

5. Pursuant to the Agreement of the parties, the Clerk shall distribute from the Deposit 

to Ms. Smith the amount of $110,309.36 (comprised of principal in the amount of $107,000, plus 

interest totaling $3,309.36 accrued on the Excess Proceeds prior to the date of deposit with the 

Clerk on or about February 23, 2007), plus any and all interest accrued on the total Deposit of 

$383,698.27, from and after the date of deposit with the Clerk on or about February 23, 2007. 

Case 3:06-cv-06103-WHA Document 35 Filed 11/20/07 Page 2 of 4
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28 7439\412553v1 

Stip. re: Distribution of Excess Proceeds and 

Dismissal and [Proposed] Order 

No. C-06-6103 WHA (EMC) 

3

LAW OFFICES 

SIDEMAN

& BANCROFT LLP 

ONE EMBARCADERO CENTER, 8TH FLOOR 

SAN FRANCISCO, CALIFORNIA 94111

6. Pursuant to the Agreement of the parties, the Clerk shall distribute from the Deposit 

to the United States the amount of $273,388.91, which amount will be applied by the United 

States to the outstanding unpaid Federal tax liabilities of Mr. Quintana. 

7. Upon completion of the distributions provided for in paragraphs 5 and 6, above, 

this action shall be dismissed with prejudice, with each side to bear its own fees and costs. 

8. Any and all counterclaims in this matter shall be dismissed with prejudice upon the 

transfer by Ms. Smith to Mr. Quintana of the items listed in Exhibit A attached hereto, with each 

side to bear its own fees and costs. 

IT IS SO STIPULATED AND AGREED. 

 SIDEMAN & BANCROFT LLP 

DATED: November 19, 2007 By: /s/ Emily J. Kingston 

 EMILY J. KINGSTON 

 Attorneys for Krystal L. Smith 

 SCOTT N. SCHOOLS 

 UNITED STATES ATTORNEY 

DATED: November 19, 2007 By: /s/ Cynthia Stier 

 CYNTHIA STIER 

 Assistant U.S. Attorney, Tax Division 

 Attorneys for the United States of America 

 SUGARMAN & CANNON 

DATED: November 15, 2007 By: /s/ Christopher Cannon 

 CHRISTOPHER CANNON 

 Attorneys for David L. Lopez-Quintana 

ORDER

PURSUANT TO THE AGREEMENT AND STIPULATION OF THE PARTIES, as 

set forth above, 

Case 3:06-cv-06103-WHA Document 35 Filed 11/20/07 Page 3 of 4
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28 7439\412553v1 

Stip. re: Distribution of Excess Proceeds and 

Dismissal and [Proposed] Order 

No. C-06-6103 WHA (EMC) 

4

LAW OFFICES 

SIDEMAN

& BANCROFT LLP 

ONE EMBARCADERO CENTER, 8TH FLOOR 

SAN FRANCISCO, CALIFORNIA 94111

IT IS HEREBY ORDERED, 

a. That the Clerk shall cause to be distributed from the Deposit to Ms. Smith the 

amount of $110,309.36 (comprised of principal in the amount of $107,000, plus interest totaling 

$3,309.36 accrued on the Excess Proceeds prior to the date of deposit with the Clerk on or about 

February 23, 2007), plus any and all interest accrued on the total Deposit of $383,698.27, from 

and after the date of deposit with the Clerk on or about February 23, 2007. 

b. That the Clerk shall cause to be distributed from the Deposit to the United States 

the amount of $273,388.91, which amount will be applied by the United States to the outstanding 

unpaid Federal tax liabilities of Mr. Quintana. 

c. That upon completion of the distributions by the Clerk as set forth above, this 

action shall be dismissed with prejudice, with each side to bear its own fees and costs. 

d. That any and all counterclaims in this action shall be dismissed with prejudice upon 

the transfer by Ms. Smith to Mr. Quintana of the items listed in Exhibit A attached hereto, with 

each side to bear its own fees and costs. 

 IT IS SO ORDERED. 

Date: 

 THE HONORABLE WILLIAM H. ALSUP 

 United States District Judge 

November 20, 2007

U

NITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORNIA

IT IS SO ORDERED

Judge William Alsup

Case 3:06-cv-06103-WHA Document 35 Filed 11/20/07 Page 4 of 4