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In re Slatkin

May 28, 2009

IN RE REED E. SLATKIN AND SUBSTANTIVELY CONSOLIDATED AFFILIATES TOPSIGHT OREGON, INC., AND REED SLATKIN INVESTMENT CLUB, L.P., REORGANIZED DEBTORS.
R. TODD NEILSON, TRUSTEE OF THE ESTATE OF REED E. SLATKIN AND SUBSTANTIVELY CONSOLIDATED AFFILIATES TOPSIGHT OREGON, INC., AND REED SLATKIN INVESTMENT CLUB, L.P. LIQUIDATING TRUST, PLAINTIFF,
v.
JACINTO CASTELLANO, AN INDIVIDUAL, AND DOES 1-10, INCLUSIVE, DEFENDANTS.



The opinion of the court was delivered by: Honorable Ronald S.W. Lew Senior, U.S. District Court Judge

Bk. No. ND 01-11549-RR

CHAPTER 11

[Adv. No. 07-01009]

AMENDED JUDGMENT

Pursuant to Fed.R.Civ.P. 56(c), Fed. R. Bankr. P. 7056(c), 28 U.S.C. § 157(c)(1), and Fed.R.Bankr.P. 9033, this Court has considered the motion (the "Motion") of plaintiff R. Todd Neilson, in his capacity as the trustee (the "Trustee") of the "Estate of Reed E. Slatkin and Substantively Consolidated Affiliates Topsight Oregon, Inc. and Reed Slatkin Investment Club, L.P. Liquidating Trust" (the "Liquidating Trust"), the successor-in-interest to the chapter 11 bankruptcy estate (the "Estate") of Reed E. Slatkin and substantively consolidated affiliates Topsight Oregon, Inc. and the Reed Slatkin Investment Club, L.P., for summary judgment on the Trustee's first and second claims for relief alleged in the Complaint against defendant Jacinto Castellano ("Castellano").

Having considered the Motion, all documents filed in support of the Motion, the Bankruptcy Court's Findings of Fact and Conclusions of Law on the Motion ("Findings and Conclusions"), and all other pleadings and papers on file in this action, no opposition to the Motion having been filed, no objection to the Findings and Conclusions having been filed or received by the Court, and good cause appearing, the Court hereby accepts the Bankruptcy Court's Findings and Conclusions as its own and grants summary judgment in favor of the Trustee and against Castellano as follows:

IT IS ORDERED, ADJUDGED AND DECREED that: On the First Claim for Relief:

1. On the Trustee's first claim for relief against Castellano for the avoidance and recovery of actual fraudulent transfers pursuant to Fla. Stat. §§ 726.105(1)(a) and 726.108, judgment is entered against Castellano and in favor of the Trustee in the following amounts:

a. The principal amount of $235,691.26;

b. Pre-judgment interest in the sum of $53,563.16 (calculated at the rate of 7% per annum on the sum of $235,691.26 from March 8, 2005 [the date of the avoided fraudulent transfer] through the date of judgment in accordance with Fla. Stat. §§ 687.01 and 55.03); and

c. Post-judgment interest in accordance with 28 U.S.C. § 1961 on all unpaid amounts awarded in paragraphs 1(a) and (b) of this judgment from the date this judgment is entered until all such amounts are paid.

2. On the Trustee's first claim for relief against Castellano for the avoidance and recovery of actual fraudulent transfers pursuant to Fla. Stat. §§ 726.105(1)(a) and 726.108, judgment is further entered against Castellano and in favor of the Trustee as follows:

Castellano, his agents, servants, employees, and attorneys, and those in active concert or participation with him or them, are hereby restrained and enjoined from either transferring or encumbering, without leave of this Court or the consent of the Trustee, any of the real properties (the "Castellano Properties") legally described as:

PARCEL I: Lot 10, Block 8, NORTH SHORE PARK, according to the map or plat thereof as recorded in Plat Book 3, Page 10, Public ...


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