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Driftwood Absolute Return Fund Ltd Litigation 12 docs · open →

Document types detected

Pleading / procedure4

Correspondence3

Analysis / memo3

Engagement letter1

Other1

Parties across the matter

AND CASTELLAN REALTY HOLDINGS LLCCastellan Realty Holdings LLCDEFENDANT MERIDIAN PRIME CAPITAL LLCDriftwood Absolute Return Fund LtdDriftwood Capital Management LPGaines LLPHARKNESS LLPHargrove Corporate Services LtdHarkness LLPMERIDIAN PRIME CAPITAL LLCMeridian Prime Capital LLCOVER MERIDIAN PRIME CAPITAL LLCOfficer Driftwood Capital Management LPRoe LLP

Chronology

2024-05-22 · matter-closing-memo.docx

… RKNESS LLP 200 Park Avenue, 42nd Floor New York, New York 10166 Date: May 22, 2024 To: Priya Anand, Responsible Partner, Litigation (General) Douglas Carmichael, Billing Pa …

2024-05-10 · matter-closing-memo.docx

… s, and a partial satisfaction of judgment was filed with the court on May 10, 2024. The matter is closed effective May 22, 2024. The matter proceeded from the filing of the …

2024-05-03 · final-recovery-accounting-client-letter.docx

… : (212) 554-7000 Facsimile: (212) 554-7001 www.calderwoodharkness.com May 3, 2024 Matter Number: 1024-00003 VIA HAND DELIVERY AND ENCRYPTED EMAIL Marcus Ellison Chief Inve …

2024-04-22 · final-recovery-accounting-client-letter.docx

… c details of each recovery source are set forth in Section III below. April 22, 2024 — Zelenko Cooperation Agreement. Following extended negotiations between Calderwood & Har …

2024-04-22 · matter-closing-memo.docx

… 8, 2024) and the negotiation of the cooperation agreement executed on April 22, 2024. No counsel appeared on behalf of Carvallo or Sobchak following the withdrawal of Whitmor …

2024-04-12 · final-recovery-accounting-client-letter.docx

… ver process, Palmetto International Bank remitted the frozen funds on April 12, 2024. The total amount recovered from Palmetto International Bank was $16,400,000. The shortfa …

2024-04-12 · matter-closing-memo.docx

… enabled the recovery of $16.4 million from the Stellaris accounts on April 12, 2024. Zelenko Family Irrevocable Trust was established on April 8, 2021 (Tax ID 86-6092411) wi …

2024-04-05 · final-recovery-accounting-client-letter.docx

… um unit, located at 17 Wooster Street, Unit 3, New York, NY 10013, on April 5, 2024. Like the East 58th Street property, this unit was held through Castellan Realty Holdings …

2024-03-28 · final-recovery-accounting-client-letter.docx

… nit located at 425 East 58th Street, Apt. 32F, New York, NY 10022, on March 28, 2024. This property was held through Castellan Realty Holdings LLC (Delaware LLC, EIN 87-15482 …

2024-03-20 · final-recovery-accounting-client-letter.docx

… ull briefing and argument. Bridgemont Bank complied with the order on March 20, 2024. The funds recovered from Bridgemont Bank totaled $8,700,000. These funds represented the …

2024-03-15 · final-recovery-accounting-client-letter.docx

… escribed in Section II above. The Court entered the turnover order on March 15, 2024, finding that the Fund had demonstrated a strong likelihood of success on the fraudulent …

2024-03-12 · final-recovery-accounting-client-letter.docx

… ointed receiver. The turnover order was entered by Justice Vasquez on March 12, 2024, following full briefing and argument. Bridgemont Bank complied with the order on March 2 …

2024-03-08 · final-recovery-accounting-client-letter.docx

… ation of additional asset classes, including cryptocurrency holdings. March 8, 2024 — Fraudulent Conveyance Action Filed. Calderwood & Harkness filed a fraudulent conveyance …

2024-03-08 · matter-closing-memo.docx

… he trust was a defendant in the fraudulent conveyance action filed on March 8, 2024. Castellan Realty Holdings LLC is a Delaware limited liability company (EIN 87-1548203) c …

2024-03-01 · final-recovery-accounting-client-letter.docx

… rust Company of Delaware — Turnover of Zelenko Family Trust Assets On March 1, 2024, Calderwood & Harkness filed a motion under CPLR § 5227 for a turnover order directed to …

2024-03-01 · turnover-motion-trust.docx

… Company of Delaware, the Affirmation of Hannah Brinkley, Esq., dated March 1, 2024, together with Exhibits A through G annexed thereto, and upon all prior proceedings had h …

2024-02-28 · final-recovery-accounting-client-letter.docx

… entified as a recipient of substantial transfers from Meridian Prime. February 28, 2024 — Zelenko Asset Disclosure Examination. Zelenko appeared for an asset disclosure examinat …

2024-02-28 · matter-closing-memo.docx

… enko in connection with his CPLR § 5223 asset disclosure examination (February 28, 2024) and the negotiation of the cooperation agreement executed on April 22, 2024. No counsel …

2024-02-28 · turnover-motion-trust.docx

… 0,000 in securities and cash. (Brinkley Aff. ¶ 23; Ex. B.) Second, on February 28, 2024, Plaintiff conducted a post-judgment asset disclosure examination of Zelenko pursuant to …

2024-02-12 · final-recovery-accounting-client-letter.docx

… g, or otherwise disposing of any assets of the receivership entities. February 12, 2024 — Information Subpoenas Served. Information subpoenas under CPLR § 5224 were served upon …

2024-02-12 · matter-closing-memo.docx

… enas and a letter rogatory served pursuant to the Hague Convention on February 12, 2024, and ultimately complied with a freezing order that enabled the recovery of $16.4 million …

2024-02-12 · turnover-motion-trust.docx

… assets have been confirmed through two independent sources. First, on February 12, 2024, Plaintiff served information subpoenas on Marlowe Asset Management Trust Company of Dela …

2024-02-05 · final-recovery-accounting-client-letter.docx

… Castellan Realty Holdings LLC and other Zelenko-controlled entities. February 5, 2024 — Appointment of Receiver. Justice Vasquez granted the petition and appointed Barrow & Fi …

2024-02-05 · matter-closing-memo.docx

… ew York, New York 10036. Barrow & Fitch was appointed by the court on February 5, 2024 as receiver over Meridian Prime Capital LLC and Castellan Realty Holdings LLC. In that ca …

2024-02-05 · turnover-motion-trust.docx

… n appearance on behalf of defendant Zelenko. (Brinkley Aff. ¶ 15.) On February 5, 2024, this Court appointed Barrow & Fitch Realty Inc., with Thomas Barrow serving as receiver, …

2024-01-29 · final-recovery-accounting-client-letter.docx

… t that proved significant in the later stages of the recovery effort. January 29, 2024 — Petition for Appointment of Receiver. Calderwood & Harkness filed a petition with the C …

2024-01-29 · petition-appointment-of-receiver.docx

… R MERIDIAN PRIME CAPITAL LLC AND CASTELLAN REALTY HOLDINGS LLC Filed: January 29, 2024 CALDERWOOD & HARKNESS LLP 200 Park Avenue, 42nd Floor New York, NY 10166 Telephone: (212) …

2024-01-22 · final-recovery-accounting-client-letter.docx

… is a chronological summary of the principal enforcement steps taken: January 22, 2024 — Appearance of Counsel for Zelenko. Aaron Kessler of Kessler Brandt & Roe LLP entered a …

2024-01-22 · matter-closing-memo.docx

… w York, New York 10022. Kessler Brandt & Roe entered an appearance on January 22, 2024 on behalf of Viktor Zelenko individually in connection with post-judgment enforcement pro …

2024-01-22 · post-judgment-enforcement-strategy-memo.docx

… by the note regarding Zelenko's retention of post-judgment counsel on January 22, 2024, which is addressed in Section IX below. Based on the preliminary analysis set forth in t …

2024-01-22 · turnover-motion-trust.docx

… n in the attorney-client relationship. From November 13, 2023 through January 22, 2024, Defendants were unrepresented and failed to retain successor counsel within the time fix …

2024-01-15 · post-judgment-enforcement-strategy-memo.docx

… O: Priya Anand, Partner FROM: Hannah Brinkley, Senior Associate DATE: January 15, 2024 RE: Post-Judgment Enforcement Strategy — Driftwood Absolute Return Fund Ltd. v. Meridian …

2024-01-10 · final-recovery-accounting-client-letter.docx

… t in connection with the above-captioned matter. As you are aware, on January 10, 2024, the Honorable Eleanor Vasquez, J.S.C., of the Supreme Court of the State of New York, Ne …

2024-01-10 · matter-closing-memo.docx

… r ego claims against the three individual defendants, each entered on January 10, 2024, by the Honorable Eleanor Vasquez, J.S.C., in the total amount of $58.9 million. Post-jud …

2024-01-10 · post-judgment-enforcement-strategy-memo.docx

… Ltd. Right-click to update Table of Contents I. Executive Summary On January 10, 2024, the Honorable Eleanor Vasquez, J.S.C., entered judgment in the Supreme Court of the Stat …

2024-01-10 · petition-appointment-of-receiver.docx

… 3) controlled by defendant Viktor Andreyevich Zelenko ("Zelenko"). On January 10, 2024, this Court entered a judgment in favor of Driftwood and against all defendants in the to …

2024-01-10 · turnover-motion-trust.docx

… ash, in partial satisfaction of the judgment entered by this Court on January 10, 2024 in the total amount of $58,900,000 against defendants Meridian Prime Capital LLC, Viktor …

2023-12-15 · final-recovery-accounting-client-letter.docx

… ar pro se under New York law), the Fund moved for default judgment on December 15, 2023. That motion was granted on January 10, 2024. Summary Judgment Against the Individual Def …

2023-12-15 · post-judgment-enforcement-strategy-memo.docx

… ve on November 13, 2023, and following the lapse of the court-imposed December 15, 2023 deadline for substitute counsel to appear. As to the individual defendants — Zelenko, Car …

2023-12-15 · motion-default-summary-judgment.docx

… , on a date to be set by the Court following the lapse of the Court's December 15, 2023 deadline for the appearance of substitute counsel on behalf of the Defendants, for the fo …