Referee, Provisional Director, ABCs, Liquidating Agent

750 Fifth Ave | San Diego, CA

An E3 principal was appointed Referee for this restaurant/office building in the Gaslamp District in a family dispute matter. The Referee was charged with locating a tenant for the office space, conducting repairs and inspections, and then sell the property.

Ethika Funds | Los Angeles, CA

An E3 principal was named Independent Director, and then Authorized Signatory for the Ethika Fund Investment Committee and Laurus Corporation, which owned a distressed portfolio of numerous hotel, office and other commercial properties.

FanPics | San Diego, CA

An E3 principal was named Assignee in an Assignment for Benefit of Creditors (“ABC”) to liquidate a state-of-the-art technology company which captured images of sports fans at professional sporting events, including the Staples Center in Los Angeles, CA. The Assignee sold the equipment and all of the rights and patents for the business for $565,000.

Marina Cortez | San Diego, CA

An E3 principal was appointed as a Provision Director to assist this Harbor Island marina resolve pending issues relating to a family ownership dispute. Issues include potential new management, hiring new corporate attorney and accountant, locating a tenant for vacant restaurant space, ongoing litigation, and resolving other family dispute items.

Matthews Signs | San Diego, CA

An E3 principal was appointed as Liquidating Agent to assist in the sale and liquidation of the sign installation company as a result of a family ownership dispute. The Liquidating Agent developed a list of rights and duties, as well as a Plan of Dissolution which resulted in the auction of the company’s assets, after being unable to arrange a sale to one of the competing family members.

Nationwide Home Medical d/b/a Trusted Mobility | San Diego, CA

An E3 principal was named Assignee in an ABC for this medical supply company which primarily sold medical mobility scooters  The company had already ceased operations, but the Assignee was engaged to attempt to collect Medicare accounts receivable.

Rancho Soledad Nursery | Rancho Santa Fe, CA + Hilo, HI

An E3 principal was appointed as a Provision Director to assist this large nursery company resolve management issues and claims resulting from a family dispute. After the Court resolved the current board of director composition, the Provisional Director was appointed to resolve outstanding claims made by competing family interests, including a forensic review of financial claims.

Seating Concepts | San Diego, CA & Tijuana, MX

An E3 principal was named Assignee in an ABC for this theater seating manufacturer. The company ceased operations immediately prior to the ABC. The Assignee closed the company’s office and sold the assets. Significant effort went into accounts receivable collections as the largest asset for creditors.

Shield Aviation | San Diego, CA

An E3 principal was engaged as Liquidating Trustee for this technology firm which specialized in unmanned autonomous aircraft after the sale of its assets to Cubic Corp. This seven (7) year engagement is to provide final services involving tax, vendor and investor issues.

X Stream Design | San Diego, CA

An E3 principal was named by the Court as Provisional Director to resolve a deadlocked family dispute involving investments and operational control for this technology firm specializing in point vision video cameras used by security firms and law enforcement agencies. The E3 principal was able to mediate the dispute and was instrumental in arranging a family buyout of the firm.