Trustee’s Twenty-Seventh Report
On January 18, 2022, the Trustee served materials in connection with its motion returnable January 31, 2022, which provides, among other things, a comprehensive update on developments in these proceedings since the Twenty-Sixth Report was filed in support of the Trustee’s request for orders authorizing and approving, as applicable:
the distribution of 85% of the Realized Property received by the Trustee in respect of the South Shore Project to all syndicated mortgage lenders in the South Shore Loans on a pari passu basis;
the distribution to the Investors in the Kemp Project of the remaining realized property being held by the Trustee in respect of the Kemp Project; and
the: (i) Twenty-Seventh Report and activities of the Trustee described therein; and (ii) the Trustee’s activities and its fees and disbursements, including the fees and disbursements of its counsel, for the period from May 1, 2021 to December 31, 2021.
Copies of the materials filed on January 18, 2022, including the Trustee’s Twenty-Seventh Report, are available below.
