Document ID: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-4_04-cv-04351/USCOURTS-cand-4_04-cv-04351-3/pdf.json

Parties Involved:
John W. Murphy
Miscellaneous
Prospero Ventures, L.P.
Defendant
U.S. Small Business Administration
Receiver
United States of America
Plaintiff

Document Text:

C 04-4351 SBA - ORDER PARTIALLY LIFTING THE JUDICIAL STAY FOR A 

LIMITED PURPOSE 

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SCOTT N. SCHOOLS, CA NO. 9990 

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: 

) Time: 

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

 Defendant. ) 

______________________________)

STIPULATED ORDER PARTIALLY LIFTING THE JUDICAL STAY FOR A LIMITED 

PURPORSE

This matter comes before the Court on the Stipulation of the United States of America 

(“USA”) for its agency the U.S. Small Business Administration (“SBA”), Plaintiff, and the U.S. 

SBA in its capacity as Receiver (“Receiver”) for Prospero Ventures, L.P. (“Prospero”) (f/k/a

Dotcom Ventures, L.P., f/k/a ASCII Ventures, L.P.), Defendant, for Entry of an Order partially 

lifting the blanket judicial injunction and stay against the commencement of civil legal 

proceedings of any nature involving Prospero, or any assets of Prospero, or any of Prospero’s 

general or limited partners, imposed by Paragraph 7 of this Court’s Order Granting Receivership 

Case 4:04-cv-04351-SBA Document 34 Filed 04/03/2007 Page 14 of 18 Case 4:04-cv-04351-SBA Document 37 Filed 04/13/07 Page 1 of 4
C 04-4351 SBA - ORDER PARTIALLY LIFTING THE JUDICIAL STAY FOR A 

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and Permanent Injunctive Relief (“Receivership Order”), entered October 20, 2004, for the 

limited purpose of authorizing the Receiver to commence civil litigation in this Court against 

certain individuals and entities who/which are limited partners (“LP”) in Prospero, and to take all 

steps necessary to recover on the obligations owed to Prospero by those same LPs, and this Court 

being duly advised as to the merits, 

 IT IS HEREBY ORDERED THAT: 

 1. The parties' Stipulation/Motion (1) to reopen this case and (2) to consider entry of an 

Order partially lifting the blanket judicial injunction and stay against the commencement of civil 

legal proceedings of any nature involving Prospero, for a limited purpose, are both GRANTED;

and

 THE COURT FINDS THAT: 

 (1) The Receiver is charged with pursuing and preserving all claims and assets of 

Prospero.

 (2) The relief proposed by the Plaintiff and Defendant in their Stipulation/Motion filed 

herein is reasonable, necessary and in the best interest of the Prospero Receivership Estate. 

 IT IS HEREBY ORDERED AND DECREED THAT: 

 (1) The blanket judicial injunction and stay previously imposed in this proceeding by the 

Receivership Order is hereby partially lifted for the limited and sole purpose of authorizing the 

Receiver to commence and prosecute separate litigation in this Court against each of the LPs 

who/which has not paid its unfunded capital commitment to Prospero, and to take all steps 

necessary to collect on the obligation of each LP, its assignee or successor, to pay its unfunded 

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capital commitment, without further prior order of this Court.

 (2) The Receiver is authorized, upon entry of this Order, to file separate Complaints in 

the United States District Court for the Northern District of California against any or all of the 

following LPs, their assignees and successors, and to serve process on each: 

 1) Donald K. Emery 

 2) John W. Murphy 

 3) Bhalerao Family Trust (aka Rainbow Enterprises), 

 Prakash Bhalerao, Trustee 

 4) Jarrat Enterprises LP, Henri Jarrat, General Partner, as transferee of 

 interest of Henri Jarrat 

 5) High Growth Management, Ltd. 

 6) John M. Sloane 

 7) John M. Sloane as transferee of interest of Janet M. Mills 

 8) John M. Sloane as transferee of interest of Margaret E. Sloane 

 9) Jane C. Sloane 

 10) Luzon Investments, Ltd. 

 11) Jose Maria Insenser and Lucia Martinez 

 12) Bun Bun & Co., Ltd. 

The Receiver is further authorized to prosecute its causes of action against each of the LPs, their 

assignees or successors in each case, and to take all steps necessary to collect on the obligation of 

each LP, its assignee or successor, to pay its unfunded capital commitment to Prospero, without 

further prior order of this Court. 

 (3) In accordance with the Court Order granting the Stipulation/Motion to Reopen 

this case and to consider entry of an Order partially lifting the blanket judicial injunction and stay 

against the commencement of civil legal proceedings of any nature involving Prospero, for a 

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

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Case 4:04-cv-04351-SBA Document 34 Filed 04/03/2007 Page 17 of 18

13TH APRIL

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