Document ID: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-3_05-cv-01195/USCOURTS-cand-3_05-cv-01195-4/pdf.json

Parties Involved:
Milepost Ventures, LP
Defendant
United States of America
Plaintiff

Document Text:

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UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORNIA

UNITED STATES OF AMERICA,

Plaintiff,

v.

MILEPOST VENTURES, LP,

Defendant.

___________________________________/

No. C-05-1195 EMC

ORDER RE SUPPLEMENTAL

BRIEFING

The United States Small Business Administration, as Receiver for Milepost Ventures, L.P.,

has filed two motions: (1) a motion for an order approving and confirming the First Receiver’s

Report (for the period June 4, 2005, through July 31, 2006) and (2) a motion for an order approving

the Receiver’s recommended disposition of claims and the priority of payment of approved claims

and without establishing summary disposition procedures. In order to rule on the two motions, the

Court hereby orders the Receiver to provide additional information for the Court’s consideration.

A. Motion for an Order Approving and Confirming the First Receiver’s Report

The Receiver states that it retained the law firm of Ober, Kaler, Grimes & Shriver to act as its

counsel in certain matters. See 1st Receiver’s Report at 3. Over $58,000 has been spent on

legal/agent fees. The Court orders the Receiver to provide more specific information as to what

those legal matters were.

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Case 3:05-cv-01195-EMC Document 37 Filed 10/05/06 Page 1 of 2
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B. Motion for an Order Approving the Receiver’s Recommended Disposition of Claims, Etc.

1. Claims Bar Date

Although the First Receiver’s Report states that the claims bar date is May 5, 2006, the

Receiver’s Determination of Claims Received and Priority of Payment of Claims states that the

claims bar date is April 28, 2006, and/or April 14, 2006. See Receiver’s Determination at 1, 4. The

Receiver should explain the inconsistency.

2. SBA Claim

The Receiver’s Determination states that the “SBA is the sole preferred limited partner” of

Milepost and “is entitled to priority . . . before payment to any other equity holders.” Receiver’s

Determination at 5. The Receiver should provide a copy of the Agreement of Limited Partnership to

the Court, along with any other evidence supporting this statement.

All information requested by the Court should be filed by October 18, 2006.

The Receiver should immediately serve a copy of this order on all relevant parties.

IT IS SO ORDERED.

Dated: October 5, 2006

_________________________

 EDWARD M. CHEN

United States Magistrate Judge

Case 3:05-cv-01195-EMC Document 37 Filed 10/05/06 Page 2 of 2