Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-4_04-cv-04351/USCOURTS-cand-4_04-cv-04351-0/pdf.json

Nature of Suit Code: 890
Nature of Suit: Other Statutory Actions
Cause of Action: 15:631 Small Business Act

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C 04-4351 SBA - ORDER APPROVING THE FORM AND MANNER OF NOTICE TO

CLAIMANTS AND ESTABLISHING A CLAIMS BAR DATE

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KEVIN V. RYAN, CA NO. 118321

United States Attorney

JOANN M. SWANSON, CA NO. 88143

Chief, Civil Division

EDWIN L. JOE, CA NO. 112328

Special Assistant U.S. Attorney

455 Market Street, Sixth Floor

San Francisco, CA 94105

Telephone: (415) 744-8494

Facsimile: (415) 744-6812

edwin.joe@sba.gov

Attorneys for Plaintiff

UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORNIA

OAKLAND DIVISION

UNITED STATES OF AMERICA, ) E-Filing

)

Plaintiff, ) Case No: C 04-4351 SBA

) HON. SAUNDRA BROWN ARMSTRONG

)

v. ) Date: January _24__, 2006 

) Time: 11:00 AM

PROSPERO VENTURES, L.P. ) Room: Ctrm 3, 1301 Clay St., Oakland 

)

Defendant. )

______________________________)

ORDER APPROVING THE FORM AND MANNER OF NOTICE TO

CLAIMANTS AND ESTABLISHING A CLAIMS BAR DATE

Upon full consideration of the Motion of the U.S. Small Business Administration as

Receiver (“Receiver”) for Prospero Ventures, L.P. (“Prospero”) (f/k/a Dotcom Ventures, L.P., 

f/k/a ASCII Ventures, L.P.) for an Order Approving the Form and Manner of Notice to 

Claimants and Establishing a Claims Bar Date, and this Court being duly advised as to the merits

and made certain findings on the record including a sufficient notice period shall be sixty (60) 

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C 04-4351 SBA - ORDER APPROVING THE FORM AND MANNER OF NOTICE TO

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days notice and by using a national publication to give sufficient notice to potential unknown 

claimants,

IT IS HEREBY ORDERED THAT:

1. The Receiver's Motions (1) to Reopen this case and (2) to consider entry of an Order 

Approving the Form and Manner of Notice to Claimants and Establishing a Claims Bar Date are

both GRANTED;

2. Following the entry of this Order, the Receiver is ORDERED to send notice, 

substantially in the form set forth as Exhibit "A" hereto, via first-class mail, postage prepaid, to 

those persons or entities, other than the U.S. Small Business Administration and parties 

contracted or retained by the U.S. Small Business Administration as Receiver, which the 

Receiver has reason to believe are creditors, agents, former directors or officers, employees, 

partners, participant investors or lenders of Prospero, portfolio concerns or limited partners of 

Prospero, and to any other persons or entities who have, during the term of the receivership, 

asserted a claim (of whatever kind or merit) against Prospero, the receivership estate, or assets or 

funds in the possession of the Receiver;

3. The Receiver is further ORDERED to publish notice, substantially in the form set 

forth in Exhibit "A" hereto, once each week for two weeks in The Wall Street Journal, a 

newspaper of general circulation;

4. This Court further ORDERS that it finds that notice provided in the form and 

manner described in Paragraphs 2 and 3 of this Order is reasonable notice, under the 

circumstances, to persons or entities who may have claims against Prospero, the receivership 

estate, or assets or funds in the possession of the Receiver;

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C 04-4351 SBA - ORDER APPROVING THE FORM AND MANNER OF NOTICE TO

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5. All persons or entities having claims against Prospero, or the receivership estate, 

or assets or funds in the possession of the Receiver, other than the U.S. Small Business 

Administration and parties contracted or retained by the U.S. Small Business Administration as 

Receiver, are ORDERED to file such claims in writing and in the form prescribed in paragraph 6 

of this Order, with the Receiver, c/o Brian S. Stern, Principal Agent for SBA, Receiver for 

Prospero Ventures, L.P., 666 11th Street, N.W., Suite 200, Washington, D.C. 20001, within sixty

(60) days of the last day of notice by publication, which date will be stated in the mailed and 

published notices;

6. In setting forth a claim against Prospero, the receivership estate or assets or funds 

in the possession of the Receiver, all persons and entities are ORDERED to state in writing: (1) 

the full name and address and telephone number of the claimant; (2) the amount of the claim; (3) 

the specific grounds for each claim; and (4) the date on which the obligation was allegedly 

incurred by Prospero; and (5) to provide at the time of filing such written claims any and all 

documents or other materials which the claimant believes supports the claim or might assist the 

Receiver in evaluating the claim;

7. In the event that the Receiver recommends denial of any claim, it is ORDERED 

that the Receiver is authorized and directed to move for summary disposition of said claim(s) 

and to furnish a copy of the moving papers to the claimant(s); in such case the claimant may 

respond within 30 days, serving a copy of its response on the Receiver, and the Court will 

resolve said claim(s) expeditiously through a summary procedure that the Court will determine at 

that time; and

8. To give effect to the "claims bar date" established in Paragraph 5 of this Order, by 

which date claims must be filed or shall forever be barred, it is further ORDERED that any 

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persons or entities, other than the U.S. Small Business Administration and parties contracted or 

retained by the U.S. Small Business Administration as Receiver, which fail to file a claim against 

Prospero, the receivership estate, or assets or funds in the possession of the Receiver, in the form 

and by the time and date required by this Order, shall be forever barred and permanently 

enjoined from asserting, pursuing or prosecuting any such claims, of any kind or nature, whether 

now known or unknown, against Prospero, its Receiver, their successors or assigns, or against 

assets or funds in the possession of the Receiver.

(9) In accordance with the Court Order granting Receiver’s Motions to Reopen this case, 

this case is now administratively closed. The Receiver may move to re-open the case for 

appropriate post-judgment relief at a later time. The Clerk shall close the file and terminate any 

pending matters.

SO ORDERED: This 7th_ day of February 2006, in Oakland, California.

____________________________________

HON. SAUNDRA BROWN ARMSTRONG

United States District Judge

Copies To:

Edwin L. Joe 

Special Assistant United States Attorney

455 Market Street, Sixth Floor

San Francisco, CA 094105

Telephone: (415) 744-8494

Facsimile: (415) 744-6812

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Arlene P. Messinger

Assistant General Counsel for SBIC Enforcement

U.S. Small Business Administration

Receiver for Prospero Ventures, L.P.

409 Third Street, S.W., 7th Floor

Washington, DC 20416

Telephone: (202) 205-6857

Facsimile: (202) 481-0325

Brian S. Stern

Principal Agent for the Receiver

SBA, Receiver for Prospero Ventures, L.P.

666 11th Street, N.W., Suite 200

Washington, D.C. 20001-4542

Telephone: (202) 272-3604

Facsimile: ( 202) 504-2247

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NOTICE TO ALL CREDITORS OR CLAIMANTS OF

PROSPERO VENTURES, L.P.

By Order of the U.S. District Court for the Northern District of California, Oakland

Division, dated _________________, persons or entities who wish to assert a claim against 

Prospero Ventures, L.P. (“Prospero”) (f/k/a Dotcom Ventures, L.P., f/k/a ASCII Ventures, L.P.) 

must do so by filing a written claim with the Receiver on or before [date sixty (60) days after last 

date of notice by publication]. All previously submitted claims against Prospero or its Receiver 

must be resubmitted in accordance with this Notice.

Prospero, a California limited partnership, is a Small Business Investment Company 

("SBIC") licensed by the U.S. Small Business Administration ("SBA"). Prospero has been in 

receivership since October 20, 2004 by Order of the Court identified above, entered in Case No. 

C 04-4351, U.S.A. v. Prospero Ventures, L.P.,

Any person or entity asserting a claim against Prospero or assets or funds in the hands of 

the Receiver, must do so in writing, and forward such claim to: 

SBA, Receiver for Prospero Ventures, L.P.

Brian S. Stern, Principal Agent 

666 11th Street, N.W., Suite 200

Washington, D.C. 20001-4542

Claims must be received no later than 5:00 p.m. E.S.T., [date sixty (60) days after last 

date of notice by publication].

Your claim must state: (1) the full name, address and telephone number of the claimant; 

(2) the amount of the claim; (3) the specific grounds for each claim; (4) the date on which the 

obligation was allegedly incurred by Prospero or the Receiver; and (5) must attach all other 

documents or materials which support the claim, or which the Receiver might require in 

evaluating the claim. If you fail to provide any of the specified information, your claim will be 

deemed incomplete and untimely.

Failure to present a complete and timely claim to the Receiver on or before (Date) will 

result in your claim being forever barred, and you will not thereafter be able to make a claim 

against Prospero, or any other assets or funds in the possession of the Receiver.

U.S. SMALL BUSINESS ADMINISTRATION

As Receiver for Prospero Ventures, L.P.

EXHIBIT A

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