On March 6, 2020, the Trustee served materials in connection with its motion returnable March 17, 2020, which provides, among other things, a recommendation that the Court grant an order:

approving certain amendments to the interim stabilization measures of the Appointment Order to:
- authorize the Trustee to distribute 50% of the Realized Property to the applicable Investors, including, without limitation, authorizing and directing the Trustee to effect a distribution:
  - to Bayview Individual Investors in an amount equal to 50% of the Bayview Realized Property,
  - to Gotham Investors in an amount equal to 50% of the Gotham Realized Property; and
  - to the HVS Investors in an amount equal to 50% of the HVS Realized Property; and
- authorize the Trustee to use the retained Realized Property as an administrative holdback to fund the cost of these proceedings, including to pay operating and professional costs associated with the SML Administration Business; and
approving the First Report of the Trustee dated January 22, 2020 and the Second Report dated March 6, 2020, as well as the Trustee’s activities described therein, and approving the Trustee’s fees and disbursements, including the fees and disbursements of its counsel, for the period from the date of the Appointment Order to January 31, 2020; and
directing the applicable Land Registry Office to, upon the filing by the Trustee of one or more certificate(s) with the Court, expunge and delete the Appointment Order from title to the property(ies) identified in such certificate(s).

Copies of the materials filed on March 6, 2020, including the Trustee’s Second Report, are available below.