"Law360, Wilmington (July 12, 2011) -- A Delaware bankruptcy court on Tuesday granted Major League Baseball limited discovery from the hedge fund that loaned $60 million to the Los Angeles Dodgers as the league attempts to supplant the loan with an MLB-sponsored financing package.
U.S. Bankruptcy Judge Kevin Gross granted MLB a deposition and limited document production from Highbridge Principal Strategies LLC, a JP Morgan-affiliated hedge fund, but constrained the discovery only to the terms of the debtor-in-possession loan itself, which would be worth $150 million upon final approval.
The judge ruled out much of what the league requested in its subpoena of the hedge fund, including Highbridge’s internal analysis of the loan, its take on the debtors’ decision-making process and information on milestone provisions that have since been removed from the DIP agreement
“Debtor-in-possession financing is very sensitive business — we don’t want to unduly burden parties that are prepared to make financing available to debtors, for fear that financing will be less available or more expensive,” the judge said.
According to a letter filed with the court Friday, MLB is particularly interested in information that Highbridge may have on a previously undisclosed $5.25 million fee that Dodgers owner Frank McCourt is believed to have paid to the hedge fund on top of a $4.5 million deferred commitment fee as part of the DIP facility.
The league contends its rival loan is clearly superior due to its lower interest rate and the absence of any fees, and further argues that McCourt’s personal payment of the allegedly undisclosed fee creates a conflict of interest for the owner.
The Dodgers counter that the MLB loan is strictly an attempt by the league to gain leverage in the case and realize its ultimate goal of wresting control of the Dodgers from McCourt.
Gary L. Kaplan of Fried Frank Harris Shriver & Jacobson LLP, an attorney for Highbridge, bristled at the suggestion that the second fee was hidden from the court, arguing at the hearing that it was disclosed to MLB in negotiations at the first day hearing in the bankruptcy and that a letter detailing the agreement has since been produced.
“While it may continue to play well in the media, the issue of the fees is a complete red herring,” the attorney said.
A hearing on the financing dispute is scheduled for July 20.
Last week, Judge Gross completely shot down a broad discovery request of MLB from the Dodgers seeking information on the league’s handling of the club’s financial troubles and MLB’s business dealings with other teams.
The team hoped to use the information to highlight the league’s unfair treatment of the club and bolster its position that MLB is not a suitable DIP lender, but the judge found the requested information was irrelevant to the financing dispute.
The Dodgers’ finances — and McCourt’s stewardship of the franchise — have come under scrutiny from MLB since the owner fired his wife, Jamie McCourt, as CEO of the Dodgers the day she filed for divorce in October 2009. Jamie McCourt is seeking 50 percent ownership of the Dodgers in divorce proceedings.
MLB alleges in court papers that the divorce brought to light the owner’s mismanagement of the club, revealing that the McCourts had siphoned more than $100 million from the Dodgers to fund their lavish lifestyle.
The Dodgers are represented by Bruce Bennett and Sidney P. Levinson of Dewey & LeBoeuf LLP as well as Robert S. Brady of Young Conaway Stargatt & Taylor LLP.
MLB is represented by Jeffrey M. Schlerf of Fox Rothschild LLP, by Bradley I. Ruskin and Jeffrey W. Levitan of Proskauer Rose LLP, and by Thomas E. Lauria and Glenn M. Kurtz of White & Case LLP.
Highbridge is represented by Gary L. Kaplan of Fried Frank Harris Shriver & Jacobson LLP.
The case is In re: Los Angeles Dodgers LLC et al., case number 1:11-bk-12010, in the U.S. Bankruptcy Court for the District of Delaware."
Source of Jeffrey W. Levitan - MLB Gets Limited Discovery Of Dodgers' Lender - Proskauer Rose LLP Post.
http://www.law360.com/articles/257397/mlb-gets-limited-discovery-of-dodgers-lender
How is Joseph Leccese Proskauer connected to This? Why did Joseph Leccese get to be chairman of Proskauer Rose LLP - what do the Dodgers and these Massive Money Loans have to do with Joseph Leccese Proskauer? eMail your Tip to Crystal@CrystalCox.com
Showing posts with label JP Morgan. Show all posts
Showing posts with label JP Morgan. Show all posts
Saturday, July 16, 2011
Thursday, February 3, 2011
What is Going on at New York's Tenth Judicial District Grievance Committee ?
What is the Duty of the Chief Attorney Grievance Committee for the Tenth Judicial District ?
What were the Duties and Responsibilities of the Chief Attorney Grievance Committee for the Tenth Judicial District, Suffolk County - Nassau County - in the State of New York Rita Adler ? ( That Coming Soon )
Someone in the position of Chief Attorney Grievance Committee for the Tenth Judicial District, Suffolk County - Nassau County, such as Rita Adler was, that has the power to take away licenses to do business, has the power to protect hundreds of millions of dollars in corporate crime and the power to change peoples lives entirely... well this SHOULD never have any kind of "Immunity".
Rita Adler should be held accountable for what she has done and so should the Grievance Committee for the Tenth Judicial District for Suffolk County - Nassau County - in the State of New York.
What were the Duties and Responsibilities of the Chief Attorney Grievance Committee for the Tenth Judicial District, Suffolk County - Nassau County - in the State of New York Rita Adler ? ( That Coming Soon )
And did Rita Adler, Ex- Chief Attorney Grievance Committee for the Tenth Judicial District, Suffolk County - Nassau County follow these Laws, Rules, Standards of Ethics ? I think Not.
Did Did Rita Adler obey the Laws of the State of New York? Should Rita Adler be Held accountable for the lives she has affecting adversely?
Should Rita Adler Be Dis-Barred ? Where is Rita Adler now and whose life is her total lack of Ethics affecting Now? All that and more Coming Soon to RitaAdler.com ....
Did Did Rita Adler obey the Laws of the State of New York? Should Rita Adler be Held accountable for the lives she has affecting adversely?
Should Rita Adler Be Dis-Barred ? Where is Rita Adler now and whose life is her total lack of Ethics affecting Now? All that and more Coming Soon to RitaAdler.com ....
Is Robert A. Green Chief Attorney Grievance Committee for the Tenth Judicial District, Suffolk County - Nassau County - in the State of New York , Continuing the Legacy Of Corruption and Life Ruining Behavior that Rita Adler Left Behind?
Or is Robert A. Green cleaning up "Dirty" "Business as Usual" at the Tenth Judicial District Grievance Committee ?
Or is Robert A. Green cleaning up "Dirty" "Business as Usual" at the Tenth Judicial District Grievance Committee ?
The Facts are there, the Truth Speaks for Itself.
It all comes down to a matte of if Robert A. Green Tenth Judicial District Grievance Committee for Suffolk County and Nassau County, New York ... if Robert A. Green will read the facts, and uphold the laws of the United States of American and protect the Taxpaying Voters of New York or ... if Robert A. Green will protect the Corporate Greed, Money Machine and Wall of Corruption in New York that Rita Adler Boldly protected for so many years... and seemingly accountable to No One.. Oh of course but to Me and NOW that you Know the Facts.. Rita Adler - Robert A. Green - Leslie B. Anderson are accountable to ALL OF YOU.
It all comes down to a matte of if Robert A. Green Tenth Judicial District Grievance Committee for Suffolk County and Nassau County, New York ... if Robert A. Green will read the facts, and uphold the laws of the United States of American and protect the Taxpaying Voters of New York or ... if Robert A. Green will protect the Corporate Greed, Money Machine and Wall of Corruption in New York that Rita Adler Boldly protected for so many years... and seemingly accountable to No One.. Oh of course but to Me and NOW that you Know the Facts.. Rita Adler - Robert A. Green - Leslie B. Anderson are accountable to ALL OF YOU.
Rita Adler, Ex- Chief Attorney Grievance Committee for the Tenth Judicial District, Suffolk County - Nassau County, Retired or Not is Still Liable for the Lives she has ruined, for her unEthical and Illegal behavior while Rita Adler, was Chief Attorney Grievance Committee for the Tenth Judicial District, Suffolk County - Nassau County ... and I intend to Expose ever single one .. over her 4.5 year tenure..
Coming Soon Defamation Lawsuit(S) and Criminal Complaint(S) against Rita Adler personally and against Grievance Committee for the Tenth Judicial District for Suffolk County - Nassau County - in the State of New York.
"Retirement" Does not mean "Immunity".
Someone in the position of Chief Attorney Grievance Committee for the Tenth Judicial District, Suffolk County - Nassau County, such as Rita Adler was, that has the power to take away licenses to do business, has the power to protect hundreds of millions of dollars in corporate crime and the power to change peoples lives entirely... well this SHOULD never have any kind of "Immunity".
Rita Adler should be held accountable for what she has done and so should the Grievance Committee for the Tenth Judicial District for Suffolk County - Nassau County - in the State of New York.
Coming Soon What Judge, Laws, Ethics, Oversight is Responsible for the Behavior, Ethics, and Activities of the Grievance Committee for the Tenth Judicial District for Suffolk County - Nassau County - in the State of New York ? And are they paying any attention at all ? Or do they even know what is going on at the Grievance Committee for the Tenth Judicial District for Suffolk County - Nassau County - in the State of New York. Well if they don't know they soon will.
Also Coming soon what Exactly are the Duties, Responsibilities and Standard of Ethics that apply to Leslie B. Anderson - Grievance Committee for the Tenth Judicial District for Suffolk County - Nassau County - in the State of New York ? What Liability does Leslie B. Anderson have in the Peter Sivere Case, the George Demos Issue or the Life and Economic Condition of New York Attorney Ruth Pollack?
Has the Grievance Committee for the Tenth Judicial District for Suffolk County - Nassau County - in the State of New York Ruined Your Life, Not Protected your Rights, Discriminated against you, Committed Fraud, aided and abetted corruption that you know of? Send your tip to me Crystal L. Cox ~ Investigative Blogger, Crystal@CrystalCox.com
Also Check Out the Peter Sivere Story at PeterSivere.com - $335 Million Dollars in JP Morgan Cover Ups, protecting Corrupt SEC investigator George Demos - what did Rita Adler and have to gain in protecting a Lie and not Defending the Whistleblower telling the Truth Peter Sivere Should have been Protected by National Whistle Blower Laws and the SEC Whistle Blower program and Peter Sivere was not. Why did Rita Adler Protect George Demos ? Why did Leslie B. Anderson protect George Demos ?
What Did "Chris Fox's" father in law really turn up on George Demos ? As he apparently hired New York Criminal Defense Attorney David Schwartz to investigate "look into" George Demos? What did they find, what was a blind eye turned on ?
Also Check out the Odd story of a New York Attorney with her licensed suspended and no real explanation it seems, no real reason... I Believe it was to cover up millions hidden by the Valley Stream No. 24 and Edward Fale .. and I intend to Prove it Coming Soon to EdwardFale.com - Every Dollar, every dirty .. I want to KNOW.. eMail me at Crystal@CrystalCox.com
Edward Fale is part of some cover up that has changed the life of one Honest New York Attorney, and ya know thats gotta be rare.. (Smile) anyway Edward Fale seems to be a part of the Problem and not the solution and has made the life of Kevin Chesney and Attorney Ruth Pollack Collateral Damage in whatever it is Edward Fale is hiding and for Whom.... so It is time I get to the bottom of what Edward Fale is REALLY up To. ( oh and just how is Rita Adler and Leslie B. Anderson connected to Edward Fale .. Really ? )
Edward Fale is part of some cover up that has changed the life of one Honest New York Attorney, and ya know thats gotta be rare.. (Smile) anyway Edward Fale seems to be a part of the Problem and not the solution and has made the life of Kevin Chesney and Attorney Ruth Pollack Collateral Damage in whatever it is Edward Fale is hiding and for Whom.... so It is time I get to the bottom of what Edward Fale is REALLY up To. ( oh and just how is Rita Adler and Leslie B. Anderson connected to Edward Fale .. Really ? )
Email me Your Story
Crystal@CrystalCox.com
Crystal L. Cox
Crystal L. Cox
the "LIE will NOT become the TRUTH on My Watch"
P.S - How's My "A Game" so Far ?
Pumpkin ?
Pumpkin ?
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