Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-5_13-cv-04444/USCOURTS-cand-5_13-cv-04444-11/pdf.json

Nature of Suit Code: 840
Nature of Suit: Trademark
Cause of Action: 15:1051 Trademark Infringement

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JIB’S STATUS REPORT REGARDING ORDER GRANTING Case No. 5:13-CV-04444-EJD

MOTION TO AMEND TURNOVER ORDER AND

APPROVE PRIVATE FORECLOSURE SALE

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LECLAIRRYAN

Robert S. McWhorter (CA 226186)

robert.mcwhorter@leclairryan.com

Kevin T. Collins (CA 185427)

Kevin.collins@leclairryan.com

980 9th Street, 16th Floor

Sacramento, CA 95814

Telephone: 916.449.9690

Facsimile: 916.449.9694

Attorneys for Plaintiff

JACK IN THE BOX INC.,

a Delaware corporation, formerly known as Foodmaker, Inc.

UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORNIA

JACK IN THE BOX INC., a Delaware

corporation, formerly known as Foodmaker,

Inc.,

Plaintiff,

vs.

DEEPAK MEHTA, an individual; KIRAN

MEHTA, an individual; MEHTA

ENTERPRISES, INC., a suspended California

corporation; DEEPAK ENTERPRISES INC.,

a California corporation,

Defendants.

Case No: 5:13-cv-04444-EJD

FIFTH STATUS REPORT REGARDING

ORDER GRANTING PLAINTIFF’S

MOTION TO AMEND TURNOVER

ORDER AND APPROVE PRIVATE

FORECLOSURE SALE

UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORN

I

A

IT IS SO ORDERED

Judge Edward J. Davila

DATED: 12/15/2015

Case 5:13-cv-04444-EJD Document 271 Filed 12/15/15 Page 1 of 3
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JIB’S STATUS REPORT REGARDING ORDER GRANTING Case No. 5:13-CV-04444-EJD

MOTION TO AMEND TURNOVER ORDER AND

APPROVE PRIVATE FORECLOSURE SALE

4844-9655-1711.1

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Plaintiff, Jack in the Box Inc., provides this Status Report regarding the Order Granting

Plaintiff’s Motion to Amend Turnover Order and Approve Private Foreclosure Sale (the

“Order”)(Docket Item 116). Capitalized terms not otherwise defined herein shall have the

meaning ascribed to those terms in the Order.

On May 19, 2014, the Court entered the Order approving and authorizing a private

foreclosure sale (the “Sale”) of the GECB Collateral by GECB to Plaintiff pursuant to the terms

of the APA. The APA conditioned the closing of the Sale upon Plaintiff’s satisfactory

completion of a due diligence review and additionally contemplated a closing on or before

October 1, 2014. Due to unanticipated developments in this case, Closing has not occurred and

Plaintiff and GECB have agreed to extend the Outside Date for Closing on more than one

occasion. Plaintiff has notified the Court of such amendments by filing prior Status Reports

with the Court.

On August 28, 2015, this Court entered its Order vacating all pretrial dates, discovery

cutoff dates, expert disclosures and trial dates pending the Court’s ruling on Jack in the Box,

Inc.’s Summary Judgment Motion (Docket No. 266). Pending the Court’s ruling on the

Summary Judgment Motion, Jack in the Box has not committed the substantial resources

required to complete both its diligence review and a closing of the Sale. Accordingly, as

permitted by the APA approved by the Court, Plaintiff and GECB have again agreed to extend

the Outside Closing Date, as defined in the APA, to January 31, 2016. JIB retains the right to

terminate the APA until five calendar days prior to Closing. Plaintiff has again agreed to make

monthly payments, retroactive to August, 2014, to GECB in the amount of $50,000 (the “Interim

Payments”) until the earlier of July 31, 2015 or the actual Closing. The Interim Payments will

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Case 5:13-cv-04444-EJD Document 271 Filed 12/15/15 Page 2 of 3
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JIB’S STATUS REPORT REGARDING ORDER GRANTING Case No. 5:13-CV-04444-EJD

MOTION TO AMEND TURNOVER ORDER AND

APPROVE PRIVATE FORECLOSURE SALE

4844-9655-1711.1

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reduce the principal obligation owing from the Defendants to GECB and will reduce the

Purchase Price.

Dated: December 9, 2015 LECLAIRRYAN

By: /s/ Robert S. McWhorter

Robert S. McWhorter

Attorneys for Plaintiff

JACK IN THE BOX INC.

Case 5:13-cv-04444-EJD Document 271 Filed 12/15/15 Page 3 of 3