KEYBANK NATIONAL ASSOCIATION v. FLEETWAY LEASING COMPANY et al
KEYBANK NATIONAL ASSOCIATION |
FLEETWAY LEASING COMPANY and FMC3, LLC |
SANTANDER BANK, N.A. |
1ST SOURCE BANK |
FMC2, INC., WILLIAM STAMPS and ERIC STAMPS |
2:2018cv00667 |
February 14, 2018 |
US District Court for the Eastern District of Pennsylvania |
Philadelphia Office |
Outside the State of PA. |
GERALD A. MCHUGH |
Contract: Other |
28 U.S.C. ยง 1332 Diversity-Other Contract |
None |
Available Case Documents
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Filing 327 MEMORANDUM, THE THIRD CIRCUIT HAS REMANDED THIS MATTER SO THAT I MAY DETERMINE WHETHER AGAIN TO APPOINT WILLIAM T. HANGLEY AS RECEIVER PENDENTE LITE OR LET MR. HANGLEY'S EXISTING APPOINTMENT EXPIRE. (SEE ORDER, KEYBANK NAT'L ASS'N V. F LEETWAY, NO. 18-2822 (3D CIR. SEPT 13, 2018.) ONE CREDITOR MAKES BASELESS, ILL-CONSIDERED OBJECTIONS, WHICH I WILL OVERRULE...WHEN I APPOINTED MR. HANGLEY, FLEETWAY WAS SWIMMING IN DEBT, SELF-DEALING, AND CREDITOR LITIGATION. IN FIFTEEN MONTHS, HE HA S TRANSFORMED THE COMPANY: IT IS WELL MANAGED, ITS SECURED CREDITORS ARE RECEIVING MILLIONS OF DOLLARS FROM ASSET SALES, AND SELF-DEALING IS AT AN END, AS IT IS POINTLESS, EXPENSIVE LITIGATION AMONG THE BANKS. THAT IS CERTAINTLY WHY OUR OF FLEETWAY& #039;S SECURED CREDITORS DO NOT OBJECT TO MR. HANGLEY'S REAPPOINTMENT. INDEED, EVEN THE STAMPS FAMILY HAS APPLAUDED MR. HANGLE'S EFFORTS. SANTANDER'S UNENDING EFFORTS TO CHALLENGE AND OBSTRUCT THE RECEIVERSHIP ARE WITHOUT BASIS IN LAW, BORDER ON THE IRRATIONAL, AND HAVE CAUSED CONSIDERABLE, UNNECCESSARY EXPENSE. HOW THAT EXPENSE IS APPORTIONED WILL BE ADDRESSED IN DUE COURSE. FOR THE PRESENT, I WILL REAPPOINT MR. HANGLEY SO THAT HE MAY COMPLETE HIS EFFORTS. AN APPROPRIATE ORDER FOLLOWS.SIGNED BY HONORABLE PAUL S. DIAMOND ON 10/11/2019. 10/11/2019 ENTERED AND COPIES E-MAILED.(rt) |
Filing 295 MEMORANDUM, WILLIAM T. HANGLEY, ACTING AS RECEIVER PENDENTE LITE FOR THE FLEETWAY ENTITIES, ASKS ME TO ORDER FLEETWAY'S SECURED CREDITORS TO DISCLOSE THE LEGAL FEES AND EXPENSES THEY HAVE INCURRED DURING THIS LITIGATION. (RECEIVER'S MOT., D OC. NO. 275 ). KEYBANK HAS ALREADY PROVIDED THE RECEIVER WITH THIS INFORMATION (DOC. NO. 278 ). FOUR OF THE CREDITORS - SANTANDER, TD BANK, PNC, AND 1ST SOURCE - REFUSE TO DO SO, OBJECTING PRIMARILY ON STANDING, ATTORNEY-CLIENT PRIVILEGE, AND RELEV ANCE GROUNDS. (DOC. NOS. 277 , 279 , 281 , 283 ). I WILL OVERRULE THE BANKS' OBJECTIONS, BUT DENY THE RECEIVER'S MOTION WITHOUT PREJUDICE....IN THE CIRCUMSTANCES PRESENTED, THE RECEIVER MAY PERMISSIBLY SEEK AND OBTAIN THE BANKS' FEE DATA, WHICH IS RELEVANT AND PROBATIVE AS TO WHETHER I SHOULD RE-APPOINT MR. HANGLEY. CONCERNS RESPECTING THE DISCLOSURE OF PRIVILEDGED INFORMATION HAVE NO BASIS. I WILL ALSO OVERRULE THE BANKS' REMAINING OBJECTIONS, WHICH DO NOT REQUIRE FURTHER DISCUSSION. AS I HAVE EXPLAINED, I WILL, FOR THE PRESENT, DEFER MY DECISION ON THE RECEIVER'S REQUEST FOR FEE INFORMATION. AN APPROPRIATE ORDER FOLLOWS.SIGNED BY HONORABLE PAUL S. DIAMOND ON 8/23/2019. 8/23/2019 ENTERED AND COPIES E-MAILED.(rt) |
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