Hi Gang - Yes, I've been gone for a bit. Repeatedly pointing out LCC's ongoing and unrepentant bad behavior has gotten rather tedious so I've been working on other things. However - when news like this comes up, I had to fire up the old editor to get the word out. First - Sage Properties... Continue Reading →
A Refresh on CEF, DIL, SVM, and Related Matters
With COVID 19 making a mess of things, the long delay since we'd last heard from Deloitte Restructuring, Sage, and KPMG, along with some accidental comments on past articles pertaining to "where are things" and "I've waited long enough for my money", I thought it'd be a good time for a refresh on where everything... Continue Reading →
CEF/DIL: Monitor’s 38th Report – Update
In my prior post "CEF/DIL: Monitor's 38th Report" I surmised that this report pertained to an upcoming court case. I now believe that analysis is inaccurate because if you look at the report, it's dated Nov 26, 2019. My guess is that this report was originally generated and submitted to the Court last fall /... Continue Reading →
CEF/DIL: Monitor’s 38th Report
Just when I turned in for the night, my alerting system told me Deloitte'd published their 38th report to their website. This report was created to support a forthcoming application to the Court, as I'd discussed in "CEF: Deloitte Calling!" This report pertains to the Representative Actions and not a future distribution. Hopefully that'll appear... Continue Reading →
CEF: Deloitte Calling!
Well, I've learned something. And now I've learned something else. Tyler of Deloitte returned my phone call tonight. Tyler's been helping with this case for the past few months and was able to give me an update on where things are. What follows is from my notes of that conversation and not to be considered... Continue Reading →
CEF: Wherefor Art Thou Luke Pt II.
When I learn something, I'll post it here. Well, I've learned something. "Luke" is on holidays, he's expected to be away for two more weeks, and nobody else can check the file to see where things are. The Calgary office has also been getting peppered with calls. I wonder why? 🙂
CEF: Wherefor Art Thou Luke?
In the previous article I wrote about the lack of activity on the Monitor website pertaining to the ABC District CCAA case. I didn't get a callback in the morning so I called Deloitte again and got routed to voicemail. Not satisfied with leaving another message I called the switchboard to learned what I could... Continue Reading →
CEF: The Number You Have Called Is Not In Service
Back in September 28, 2019 I posted an article "CEF: Update from Deloitte" which posited that the Tuscany property had been sold, a distribution was waiting for court approval, with the expectation the distribution would be out the door sometime in Nov 2019. Fast forward to Jan 2020. The Deloitte insolvency website hasn't been updated with... Continue Reading →
CEF Representative Action: Higgerty Law Update – Dec 9, 2019
Now that the CCAA process is almost done, the folks at Higgerty Law have been moving the CEF Representative Action case forward, and they recently published the following update to their CEF page. December 9, 2019 A third case management meeting occurred on December 5, 2019 at our initiation wherein most notably the Scheduling Order... Continue Reading →
CEF Representative Action: Higgerty Law Update Nov 6, 2019
Higgerty Law is counsel for the Representative Action, and today they updated their Representative Action web page with the following notice: The second case management meeting happened on October 22, 2019, and we are currently working on finalizing the Scheduling Order. US Legal describes a scheduling order as: Scheduling orders are part of case management, which... Continue Reading →