IN RE STILLWATER ASSET BACKED OFFSHORE FUND LTD.

Case No. 12-14140 (MEW). Adv. Pro. No. 14-02245 (MEW).

559 B.R. 563 (2016)

IN RE: STILLWATER ASSET BACKED OFFSHORE FUND LTD., Debtor. Stillwater Liquidating LLC, Plaintiff, v. Net Five at Palm Pointe, LLC, et al., Defendants. Gerova Financial Group Ltd., Nominal Defendant.

United States Bankruptcy Court, S.D. New York.

Signed September 2, 2016.


Attorney(s) appearing for the Case

FOLEY & LARDNER LLP, New York, New York, Counsel to Stillwater Liquidating LLC, By: Douglas Spelfogel, Esq. , Richard J. Bernard, Esq. , David B. Goroff, Esq. , Katherine R. Catenese, Esq. ,

MARC STUART GOLDBERG, LLC., Scarsdale, New York, Counsel to Paul Rohan, Gregory Laubach, Eric Halter, Net Five at Palm Pointe, LLC, Net Five Holdings LLC, Planet Five Development Group LLC, Net Five South Beach LLC, Net Five at Kings Hotel LLC and Planet Five at Gerova, LLC, By: Marc Stuart Goldberg, Esq. ,

BERLANDI NUSSBAUM & REITZAS LLP, New York, New York, Counsel to Paradigm Credit Corporation, By: Joshua T. Reitzas, Esq. , Jay Nussbaum, Esq. ,

DORF & NELSON LLP, Rye, New York, Counsel to Calhoun Commercial Construction LLC, By: Jonathan B. Nelson, Esq. , Laura-Michelle Horgan, Esq. ,

BUTLER, FITZGERALD, FIVESON & McCARTHY, New York, New York, Counsel to SFN DeKalb Holdings, LLC, By: David K. Fiveson, Esq. ,

ACKERMAN, LEVINE, CULLEN, BRICKMAN & LIMMER, LLP, Great Neck, New York, Counsel to John R. Daniel , Yvette Daniel , Stephen J. McDonald , and Vicki McDonald , By: Brian J. Grieco, Esq. ,


OPINION ON MOTIONS TO DISMISS

Stillwater Liquidating LLC claims that the "Stillwater Funds" were defrauded in 2010 when their assets were transferred to the Gerova group of companies and then, a few months later, to the Net Five group of companies. Stillwater Liquidating...

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