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SECURITIES AND EXCHANGE COMMISSION v. COLONIAL TIDEWATER REALTY INCOME PARTNERS, LLC

Civil Action No. ELH-15-2401.

SECURITIES AND EXCHANGE COMMISSION Plaintiff, v. COLONIAL TIDEWATER REALTY INCOME PARTNERS, LLC, et al. Defendants.

United States District Court, D. Maryland.

December 22, 2015.

Attorney(s) appearing for the Case

Securities and Exchange Commission, Plaintiff, represented by Christopher R Kelly , US Securities and Exchange Commission.

Woodlands Bank, Defendant, represented by David Bryan Applefeld , Adelberg Rudow Dorf and Hendler LLC.

Northwest Savings Bank, Creditor, represented by Scott William Foley , Shapiro Sher Guinot and Sandler.

Marion A. Hecht, Receiver, represented by J Jonathan Schraub , Sands Anderson PC.

MEMORANDUM

This Memorandum addresses a dispute between a court-appointed receiver and a bank that has a secured interest in property that the receiver seeks to sell to a third party. In particular, the bank insists that it is entitled to default rate interest and attorney's fees, in addition to unpaid...

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