Slatkin Depos to Start week
of November 14th: By the previous Riblet
order Danning will begin. Background check required to be
present which takes some time.
Final Summary Judgment Hearing
set for February: 21 defendants have been
sued for a final judgement. Many have settled and the few
remaining will face summary judgement at the end of February.
Partial Summary Judgments
briefs due: Defendants appealing the partial
summary judgement order to Lew have a few days to get their
papers filed or join with Danning Gill.
Sept-JUDGE LEW DENIES STAY-
Danning Gill appealed to Lew to
stay the Plan of Reorganization. In the decision Lew stated
the "Appellants have demonstrated that there are serious
questions to be addressed on appeal."- order.
The issues in part revolve around discovery, notification
and examination of witnesses, production of documents and
rules and procedures of law.
Bryan Cave Settles:
The law firm of Bryan Cave paid 650k to the trustee to settle
a lawsuit with the estate regarding their inability to realize
and detect Slatkin's fraudulent business activity.
Because Slatkin generated large capital gain, interest and
dividend tax obligations, some defendants never kept more
than a fraction of the money they received. They are in
the unfortunate position of being sued for money they transferred
to the IRS and state taxing authorities. So far refunds
have been sparse and the IRS memo on tax treatment is confusing.
This amounts to a difficult scenario for manywho have been
sued for 2 to 4 times the money they kept after tax payments.
While the amounts some defendants are sued for run from
the hundreds of thousands into the millions, this is over
a 7 year period and millions in taxes were paid on the income
reported which will not be recoverable.
The trustee has made the first distribution from the liquidating
trust of approximately 4.5% of the accepted claim. This
is to be the first of several payments.
Sept 2-Slatkin Sentenced:
Slatkin was sentenced to 14 years in prison and will get
credit for the 500 days in prison He must serve 85% of the
sentence. This calculates to 10.5 more years and a 2114
release of a 64 year old Slatkin. Janu is in final stages
of her plea and McMullin and Jacobs await a Nov sentencing
date. Slatkininfo believes Mr. Slatkin belongs in jail for
a substantial amount of time for the harm he has caused.
Comments were made at sentencing about his being less than
forthcoming about the whereabouts of personal assets and
the reason for hundreds of European phone calls (see slatkinfraud.com)
Slatkinfo hopes for further recovery of foreign and personal
assets. Slatkininfo has always maintained Mr. Slatkin committed
financial fraud on all involved and should serve a long
June- 2nd Judge
Lew Accepts Interlocutory Appeal of the Partial Summary
Judgment on Intent to Defraud.
District Court Judge Lew to hear the appeal
on the Partial Summary Judgment.