Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-5_05-cv-04187/USCOURTS-cand-5_05-cv-04187-1/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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C05 4187 JF - Joint Case Management Statement and Proposed Order 1

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KEVIN V. RYAN (SBN 118321)

United States Attorney

JOANN M. SWANSON (SBN 88143)

Chief, Civil Division

EDWIN L. JOE (SBN 112328)

Special Assistant United States Attorney

455 Market Street, 6th Floor

San Francisco, California 94105-2420

Telephone: (415) 744-8494

Facsimile: (202) 481-1810 or (415) 744-6812

Email: edwin.joe@sba.gov 

Attorneys for the Receiver 

IN THE UNITED STATES DISTRICT COURT

FOR THE NORTHERN DISTRICT OF CALIFORNIA

SAN JOSE DIVISION

UNITED STATES OF AMERICA, ) E-filing

Plaintiff, )

) Civil Case No. C05 4187 JF

v. )

)

NEW VISTA CAPITAL FUND, LP ) JOINT CASE MANAGEMENT

) STATEMENT AND 

) PROPOSED ORDER

)

Defendant. ) Date: May 5, 2006

) Time: 10:30 AM

____________________________________) Ctrm: 3, 5th Floor

280 S. First St., San Jose

The parties to the above entitled action jointly submit this Case Management 

Statement and Proposed Order and request the Court adopt it as its Case Management 

Order in this case.

//

//

**E-filed 5/4/06**

Case 5:05-cv-04187-JF Document 14 Filed 05/04/06 Page 1 of 4
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Description of the Case

1. Overview: NEW VISTA CAPITAL FUND, L.P. (“New Vista”) was licensed 

by United States Small Business Administration (“SBA”) as a Small Business Investment 

Company (“SBIC”) under section 301 (c) of 15 U.S.C. §681(c). SBA determined the 

SBIC to be capital impaired in 2003, unable to cure the capital impairment by 2004, 

obtained the SBIC’s agreement to a Consent Order for Receivership and for SBA to be 

appointed Receiver by the court.

2. Thereafter, since the court has jurisdiction over SBIC receiverships, SBA 

obtained court approval of the Consent Order for Receivership, and SBA was appointed 

Receiver on December 8, 2005. Currently, there is approximately $9 million (principal) 

in outstanding Participating Securities purchased by SBA.

3. Current Status: SBA as Receiver is currently marshalling assets and reviewing 

the financial records of New Vista. SBA will file an annual accounting with the court 

approximately March 2007 for the period between December 2005 to December 31, 

2006. There are no anticipated issues, factual or discovery disputes between the parties, 

since New Vista has fully cooperated with the Receiver.

4. Since a Consent Order of Receivership has been entered, no trial date is 

needed. However, overall court supervision is needed until the Receiver completes the 

accounting process, requests the court set a claims bar date for any other potential 

creditors/claimants, completes liquidation of New Vista, and seeks case closure. 

Case 5:05-cv-04187-JF Document 14 Filed 05/04/06 Page 2 of 4
C05 4187 JF - Joint Case Management Statement and Proposed Order 3

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5. Therefore, the parties suggest canceling or postponing the May 5, 2006, Case 

Management Conference until approximately March or April 2007, when the Receiver 

will likely be filing the first annual accounting for this Receivership.

Dated: _4/26/06_____ __/s/ Edwin L. Joe __________________

Edwin L. Joe

Special Assistant United States Attorney

Dated: _4/10/06___ _/s/ Frank S. Greene________________

Frank S. Greene, Managing Member

New Vista Capital, LLC, General Partner of 

New Vista Capital Fund, LP

CASE MANAGEMENT ORDER

This Case Management Statement and Proposed Order is hereby adopted by the 

Court as the Case Management Order for the case and the parties are ordered to comply 

with this Order. In addition the Court orders:

1. The Case Management Conference for May 5, 2006 at 10:30 AM is hereby 

postponed until (date and time) _____________________.

Dated:_________________ ______________________________________

HONORABLE JEREMY FOGEL

UNITED STATES DISTRICT JUDGE

3/3/07 5/4/06

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