Following are excerpts from the Court Appointed Receiver's 23rd Quarterly Status Report, filed on 7/9/2024 Doc #1275
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C. Status of Settlement Agreements. To date, 81 settlement agreements have been satisfied in full and the underlying lawsuits have been dismissed or notices were filed that the judgments were satisfied.
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C. Recovery Litigation. Three recovery lawsuits filed by the Receiver are still active.
1. Plaskolite. On June 7, 2024, the Court denied Plaskolite's motion for summary judgment. The ruling denied various legal defenses asserted by Plaskolite and identified material facts that are established for purposes of trial. The Receiver believes this ruling will substantially narrow trial on this matter. A summary judgment motion filed by the Receiver is still pending.
2. Glenda Johnson. On May 7, 2024, the Court brought to the Receiver's attention that Glenda Johnson had died. The Receiver filed a status report describing his intent to move forward with his action against Mrs. Johnson's estate. Neldon Johnson has agreed to be appointed as personal representative for Glenda Johnson and the Receiver has filed a motion in state court for that appointment. When that personal representative appointment is confirmed, the Receiver will grant Neldon Johnson thirty days to respond
to the Receiver's motion for partial summary judgment against Glenda Johnson.
3. Nelson Snuffer. The Receiver's lawsuit against the Nelson Snuffer law firm is moving steadily towards trial. Both the Receiver and Nelson Snuffer provided reports by their various experts in June. Rebuttal expert reports are due August 16, with expert depositions to be concluded by September 16. The deadline for dispositive motions is October 16, 2024. Settlement talks have not been fruitful.
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Criminal Contempt Case. The indictment against Glenda Johnson was dismissed on May 3, 2024 due to her death. Neldon Johnson's trial on criminal contempt charges was again postponed, this time to December 2, 2024. The stated reasons for the most recent postponement were ongoing plea negotiations and Mr. Johnson's health problems.
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Recovery Litigation. Litigation will continue in:
(i) the three previously filed recovery cases,
(ii) the two newly filed fraudulent transfer cases, and
(iii) bankruptcy court to litigate claims against Randale Johnson and Christopher Taylor.
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"If it sounds too good to be true, it probably is."
-- IRS
Sure is a pretty day.
TED |
