Sand Canyon Corp. v. Coleman

Full title: SAND CANYON CORPORATION, FKA PREMIER TRUST DEED SERVICES, INC. Plaintiff…

Court: UNITED STATES DISTRICT COURT EASTERN DISTRICT OF CALIFORNIA

Date published: Apr 18, 2013

Case No. 2:12-CV-02107-JAM-KJN (E.D. Cal. Apr. 18, 2013)

Opinion

Case No. 2:12-CV-02107-JAM-KJN

04-18-2013

SAND CANYON CORPORATION, FKA PREMIER TRUST DEED SERVICES, INC. Plaintiff, v. ALAN S. COLEMAN, STACI E. COLEMAN, CALIFORNIA SERVICE BUREAU, CALIFORNIA FRANCHISE TAX BOARD, FRIEDMAN FINANCIAL, and UNITED STATES OF AMERICA Defendants.

KATHRYN KENEALLY Assistant Attorney General LEE PERLA Trial Attorney, U.S. Dept. of Justice BENJAMIN B. WAGNER United States Attorney Of Counsel Attorneys for the United States of America KAMALA D. HARRIS, State Bar No. 146672 Attorney General of California MOLLY K. MOSLEY, State Bar No. 185483 Supervising Deputy Attorney General JANE O'DONNELL, State Bar No. 100617 Deputy Attorney General Attorneys for California Franchise Tax Board Michael K. Sipes, State Bar Number 155148 LAW OFFICES OF MICHAEL K. SIPES Attorney for Claimant California Service Bureau, Inc.

John A. Mendez

KATHRYN KENEALLY
Assistant Attorney General
LEE PERLA
Trial Attorney, U.S. Dept. of Justice
BENJAMIN B. WAGNER
United States Attorney
Of Counsel
Attorneys for the United States of America

JOINT STIPULATION AND

APPLICATION FOR

DISBURSEMENT

In accordance with this Court's Order, Rec. Doc. 22, released on April 11, 2013, the United States of America ("United States"), the California Franchise Tax Board ("FTB"), and the California Service Bureau, Inc. ("CSB"), submit this joint stipulation and jointly apply for disbursement in accordance with the following: 1. The Court ordered that the surplus funds shall be distributed as follows:

a. The United States—$33,237.55, plus additional interest thereon from and after January 18, 2013, less any applicable credits;
b. FTB—$75,592.40, plus additional interest thereon from and after January 18, 2013, less any applicable credits;
c. CSB—$198,023.54, plus additional interest thereon from and after January 18, 2013, less any applicable credits.

2. The parties stipulate that for the claims ordered paid in the Court's Order, see No. 22, the additional interest accrued from and after January 18, 2013, less any applicable credits, equals the amounts on the dates set forth below:

+--------------------------------------------------------------------------------------------+ ¦ ¦ ¦ ¦ ¦Balance as of ¦Balance as of ¦Balance as of ¦ ¦ ¦ ¦ ¦Balance as of ¦ ¦ ¦ ¦ ¦ ¦Amount ¦Recorded ¦ ¦Apr. 19, 2013 ¦Apr. 23, 2013 ¦Apr. 26, 2013 ¦ ¦ ¦ ¦ ¦Jan. 18, 2013 ¦ ¦ ¦ ¦ ¦ ¦ ¦ ¦ ¦(+91 days) ¦(+95 days) ¦(+98 days) ¦ +----+-----------+-----------+---------------+---------------+---------------+---------------¦ ¦ ¦ ¦Sep. 17, ¦ ¦ ¦ ¦ ¦ ¦CSB ¦$3,933.14 ¦ ¦$8,513.14 ¦$8,610.51 ¦$8,614.79 ¦$8,618.00 ¦ ¦ ¦ ¦2001 ¦ ¦ ¦ ¦ ¦ +----+-----------+-----------+---------------+---------------+---------------+---------------¦ ¦U.S.¦$20,090.82 ¦May 8, 2003¦$33,237.55 ¦$33,487.07 ¦$33,498.08 ¦$33,506.34 ¦ +----+-----------+-----------+---------------+---------------+---------------+---------------¦ ¦ ¦ ¦May 21, ¦ ¦ ¦ ¦ ¦ ¦FTB ¦$17,199.48 ¦ ¦$28,404.40 ¦$28,615.49 ¦$28,624.86 ¦$28,631.89 ¦ ¦ ¦ ¦2003 ¦ ¦ ¦ ¦ ¦ +----+-----------+-----------+---------------+---------------+---------------+---------------¦ ¦CSB ¦$9,692.24 ¦Sep. 2, ¦$18,892.68 ¦$19,133.83 ¦$19,144.43 ¦$19,152.38 ¦ ¦ ¦ ¦2003 ¦ ¦ ¦ ¦ ¦ +----+-----------+-----------+---------------+---------------+---------------+---------------¦ ¦ ¦ ¦Nov. 8, ¦ ¦ ¦ ¦ ¦ ¦FTB ¦$18,456.56 ¦ ¦ ¦ ¦ ¦ ¦ ¦ ¦ ¦2004 ¦ ¦ ¦ ¦ ¦ +----+-----------+-----------¦ ¦ ¦ ¦ ¦ ¦ ¦ ¦Nov. 8, ¦ ¦ ¦ ¦ ¦ ¦FTB ¦$14,352.69 ¦ ¦$47,188.00 ¦$47,632.19 ¦$47,647.78 ¦$47,659.47 ¦ ¦ ¦ ¦2004 ¦ ¦ ¦ ¦ ¦ +----+-----------+-----------¦ ¦ ¦ ¦ ¦ ¦ ¦ ¦Nov. 8, ¦ ¦ ¦ ¦ ¦ ¦FTB ¦$16,380.04 ¦ ¦ ¦ ¦ ¦ ¦ ¦ ¦ ¦2004 ¦ ¦ ¦ ¦ ¦ +----+-----------+-----------+---------------+---------------+---------------+---------------¦ ¦ ¦ ¦Jun. 10, ¦ ¦ ¦ ¦ ¦ ¦CSB ¦$167,087.67¦ ¦$296,774.42 ¦$300,934.03 ¦$301,116.87 ¦$301,254.00 ¦ ¦ ¦ ¦2005 ¦ ¦ ¦ ¦ ¦ +--------------------------------------------------------------------------------------------+ 3. Accordingly, the parties jointly apply for disbursement of the surplus funds to the claimants as follows:

a. If paid on Apr. 19, 2013, the recipient and amount should be as follows:

i. The United States—$33,487.07;
ii. FTB—$76,247.68; and
iii. CSB—the balance of the remaining surplus funds.

b. If paid on Apr. 23, 2013, the recipient and amount should be as follows:

i. The United States—$33,498.08;
ii. FTB—$76,272.64; and
iii. CSB—the balance of the remaining surplus funds.

c. If paid on April 26, 2013, the recipient and amount should be as follows:

i. The United States—$33,506.34;
ii. FTB—$76,291.36
iii. CSB— the balance of the remaining surplus funds.

SO ORDERED,

John A. Mendez

UNITED STATES DISTRICT COURT JUDGE

Respectfully submitted,

KATHRYN KENEALLY
Assistant Attorney General
____________________
LEE PERLA
Trial Attorney, U.S. Dept. of Justice
P.O. Box 683, Ben Franklin Station
Washington, D.C. 20044-0683
Tel: 202-616-9183
BENJAMIN B. WAGNER
United States Attorney
Of Counsel
Attorneys for the United States
KAMALA D. HARRIS, State Bar No. 146672
Attorney General of California
MOLLY K. MOSLEY, State Bar No. 185483
Supervising Deputy Attorney General
____________________
JANE O'DONNELL, State Bar No. 100617
Deputy Attorney General
Attorneys for California Franchise Tax Board
____________________
Michael K. Sipes, State Bar Number 155148
LAW OFFICES OF MICHAEL K. SIPES
Attorney for Claimant
California Service Bureau, Inc.