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Gold Weems
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Order | Filed: May 15, 2024 | Entered: May 15, 2024 United States Securities and Exchange Commission v. Larmore et al
Other Statutes: Securities/Commodities | Arizona
Order
ORDER: The Receiver filed motions on April 19, 2024 (Doc. 139 ) and on April 26, 2024 (Doc. 147 ). On May 8, 2024, the Court received an objection to these motions by Defendant Michelle Larmore. (Doc. 155 .) This objection was timely as to the Receiver's April 26 motion, but untimely as to the Receiver's April 19 motion. Nonetheless, the Court ordered the Receiver to respond (Doc. 158), which it did via a stipulation (Doc. 162 ). Now, the Court has received another objection to the Receiver's motions, this time by Arizona Bank & Trust. (Doc. 163 .) This objection does not appear to be an objection to the approval of the Receiver's orders, but instead argues over what should happen with the proceeds of the sale contemplated by those motions. The Court will consider this objection, but all parties are ordered to read Local Rule of Civil Procedure 7.2, which addresses the default deadlines for responding to motions, and to comply moving forward. The Court's ability to timely rule on motions is hampered when it receives a slow trickle of unexpected and untimely responses. Further, the parties are strongly encouraged to confer on issues before resorting to motion practice. Here, for example, it would be helpful for the Court to know whether it can issue the Receiver's requested orders at Docs. 139 and 147, subject to subsequent litigation over how to manage the proceeds of any sale, or whether any of the objecting parties are asking the Court not to approve the Receiver's requested orders in their current forms. Accordingly, so that the Court may act on the Receiver's motions, the Court orders the parties to confer and to jointly notify it in writing by no later than May 17, 2024, whether the Court may enter the Receiver's requested orders at Docs. 139 and 147, subject to later litigation over how to manage the proceeds, or whether any objecting party is seeking modifications to those orders before they issue. If the latter, the Court expects the objecting parties to confer with the Receiver and attempt in good-faith to resolve those disputes prior to seeking relief from the Court. Ordered by Judge Douglas L Rayes on 5/15/2024. This is a TEXT ENTRY ONLY. There is no PDF document associated with this entry. (MMO)
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Misc | Filed: May 15, 2024 | Entered: May 15, 2024 United States Securities and Exchange Commission v. Larmore et al
Other Statutes: Securities/Commodities | Arizona
Statement
STATEMENT of Position Regarding the Receiver's Motion for Orders re: 155 Objection,, 147 MOTION : Receiver's Motion for Orders (I) Approving (A) the Engagement and Compensation of Marcus & Millichap Real Estate Investment Services as Broker for the Sale of the Real Properties Owned by ATA Mercado St. Augustine FL, LLC and ATA, 139 MOTION : Receiver's Motion for Orders (I) Approving (A) the Engagement and Compensation of Marcus & Millichap Real Estate Investment Services as Broker for the Sale of Substantially All Assets of Glenrosa 32, LLC, and (B) the Auction and B by Defendant Arizona Bank & Trust. (Cohen, Scott)
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Misc | Filed: May 14, 2024 | Entered: May 14, 2024 First Guaranty Bank v. Larmore et al
Real Property: Foreclosure | Louisiana Western
Status Report
STATUS REPORT - March 2024 Receiver Report by First Guaranty Bank. (aty,Drell, Bradley)
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