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United States District Court

Northern District of California

UNITED STATES DISTRICT COURT

NORTHERN DISTRICT OF CALIFORNIA

SECURITIES AND EXCHANGE 

COMMISSION,

Plaintiff,

v.

SAN FRANCISCO REGIONAL CENTER 

LLC, et al.,

Defendants.

Case No. 17-cv-00223-RS 

ORDER GRANTING CERTAIN 

PENDING MOTIONS

Pursuant to Civil Local Rule 7-1(b), the receiver’s motions presently set for hearing on 

October 5, 2017 are suitable for disposition without oral argument, and that hearing is hereby 

vacated. The motions1 will be granted.

1. The receiver seeks approval of interim fee and cost claims for certain attorneys and 

accountants she retained under the authority of prior orders. See Dkt. Nos. 208, 209, 210, and 

211. The receiver also seeks leave to pay those claims upon approval, subject to a 20% holdback. 

The claims having been adequately supported as representing reasonable and necessary 

expenditures for the benefit of the estate, and no opposition having been filed, those motions are 

granted.

 

1

 Counsel are reminded of Civil Local Rule 5-1(e)(2), which provides: “Documents filed 

electronically must be submitted in PDF format. Documents which the filer has in an electronic 

format must be converted to PDF from the word processing original, not scanned, to permit text 

searches and to facilitate transmission and retrieval. If the filer possesses only a paper copy of a 

document, it may be scanned to convert it to PDF format.

Case 3:17-cv-00223-RS Document 234 Filed 10/03/17 Page 1 of 3
CASE NO. 17-cv-00223-RS

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United States District Court

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2. The receiver and her counsel seek approval of their own respective fee and cost claims, 

and authority to pay those claims, with a 20% holdback. Plaintiff filed a limited and conditional 

opposition to counsel’s fee claim, pointing out certain allocation errors in the billing. Counsel 

revised the claim to address those points, and plaintiff has not objected to the revised request. The 

claims, as revised, having been adequately supported as representing reasonable and necessary 

expenditures for the benefit of the estate, the motion (Dkt. No. 212) is granted.

3. The receiver seeks an order authorizing her to sell the remaining personal property of 

Central California Farms, LLC. See Dkt. No. 205. The receiver has adequately demonstrated the

sale of the personal property to be appropriate and in the best interests of the estate, and there is no 

opposition. The motion at Docket No. 205 also sought authorization for the receiver to enter into 

an agreement calling for deed in lieu of foreclosure with respect to the real property. The receiver

informally notified the Court that the terms of that transaction are being revised, and requests to 

have that prong of the motion continued to October 26, 2017, when another hearing is already 

scheduled.

4. Finally, the motion at Docket No. 205 also requests authority for the receiver to retain 

Colliers Parrish International, Inc. as a broker for the listing, marketing and sale of the real 

property located at 800-900 Market Street, Oakland, California, owned by Relief Defendant, JL 

Gateway, LLC. WOMAC Properties, Inc., a minority owner in JL Gateway, opposes, arguing 

listing and selling the property is premature and inappropriate at this juncture, given remaining 

uncertainties regarding the extent to which intermingled funds can be traced to the property, and in 

light of a purported public and municipal interest in how the property is put to use.2 WOMAC has 

failed to demonstrate that it has a cognizable interest that would be impaired if the property is 

listed and sold. As the receiver has otherwise adequately demonstrated retaining Colliers to list 

the property for sale to be appropriate and in the best interests of the estate, the motion at Docket 

 

2 WOMAC is joined in its opposition by JLG Associates LLC, a related entity that the receiver 

asserts is no longer in legal existence.

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CASE NO. 17-cv-00223-RS

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United States District Court

Northern District of California

No. 205 will be granted, except as to the request for approval of the agreement to provide the deed 

in lieu of foreclosure. That issue will be disposed of in conjunction with the other matters 

presently set for hearing on October 26, 2017.

IT IS SO ORDERED.

Dated: October 3, 2017

______________________________________

RICHARD SEEBORG

United States District Judge

Case 3:17-cv-00223-RS Document 234 Filed 10/03/17 Page 3 of 3