Donna Cangelosi v. Silar Advisors, Lp

Opinion

FILED UNITED STATES COURT OF APPEALS SEP 08 2010

MOLLY C. DWYER, CLERK FOR THE NINTH CIRCUIT U.S. COURT OF APPEALS

In the Matter of: USA COMMERCIAL No. 09-15632 MORTGAGE COMPANY. D.C. No. 2:07-cv-00892-RCJ District of Nevada, DONNA CANGELOSI; et al., Las Vegas

Plaintiffs - Appellants,

v.

SILAR ADVISORS, LP; et al.,

Defendants - Appellees,

WILLIAM A. LEONARD, Jr., Trustee for the Estate of Asset Resolution, LLC,

Trustee - Appellee.

In the Matter of: USA COMMERCIAL No. 09-16897 MORTGAGE COMPANY, D.C. Nos. 2:07-cv-00892-RCJ Debtor. 3:07-cv-00241-RCJ 2:07-cv-00894-RCJ 3685 SAN FERNANDO LENDERS, LLC; 2:07-cv-01133-RCJ et al., 3:07-cv-01389-RCJ District of Nevada, Plaintiffs - Appellees, Las Vegas

v. CROSS EQUITIES PARTNERS, LLC; et al.,

Intervenors - Appellees,

Defendants - Appellants,

and

WILLIAM A. LEONARD, Jr., Trustee for the Estate of Asset Resolution LLC,

Trustee - Appellant,

COMPASS FINANCIAL PARTNERS LLC; et al.,

Defendants - Appellees.

In the Matter of: USA COMMERCIAL No. 09-17382 MORTGAGE COMPANY, D.C. No. 2:07-cv-00892-RCJ Debtor. District of Nevada, Las Vegas ROBERT J. KEHL; et al.,

Plaintiffs - Appellees,

-2- ASSET RESOLUTION, LLC,

Defendant - Appellant,

In re: ASSET RESOLUTION, LLC. No. 09-73419

D.C. No. 2:07-cv-00892-RCJ ASSET RESOLUTION, LLC, District of Nevada, Las Vegas Petitioner,

UNITED STATES DISTRICT COURT FOR THE DISTRICT OF NEVADA, LAS VEGAS,

Respondent,

ROBERT A. KEHL; et al.,

Real Parties in Interest.

In the Matter of: USA COMMERCIAL No. 10-15253 MORTGAGE COMPANY. D.C. No. 2:07-cv-00892-RCJ District of Nevada, CERTAIN DIRECT LENDERS; et al., Las Vegas

-3- v.

DEBT ACQUISITION COMPANY OF AMERICA, LLC; et al.,

Appellees,

ASSET RESOLUTION, LLC; et al.,

UNITED STATES TRUSTEE,

ASSET RESOLUTION, LLC; et al., No. 10-15496

Debtors - Appellants, D.C. No. BK-S-09-32824-RCJ District of Nevada, v. Las Vegas

DONNA CANGELOSI; et al.,

Respondents - Appellees,

WILLIAM A. LEONARD, Jr.,

DUVAL & STACHENFELD, LLP, No. 10-15497 former counsel to the Official Committee of Unsecured Creditors in the above D.C. No. BK-S-09-32824-RCJ

-4- captioned Chapter 11 cases (the District of Nevada, “Bankruptcy Cases”) of Asset Resolution Las Vegas LLC and its affiliated debtors, as debtors in possession (collectively, the “Debtors”),

Appellant,

Debtors - Appellees,

ASSET RESOLUTION, LLC; et al., No. 10-15500

Debtors - Appellants, D.C. No. BK-S-09-32824-RCJ District of Nevada, v. Las Vegas

-5- WILLIAM A. LEONARD, Jr.,

SILAR ADVISORS, LP and SILAR No. 10-15735 SPECIAL OPPORTUNITIES FUND, LP, D.C. No. BK-S-09-32824-RCJ Debtors - Appellants, District of Nevada, Las Vegas v.

WILLIAM A. LEONARD, Jr., ORDER Trustee - Appellee.

Before: GOODWIN and W. FLETCHER, Circuit Judges, and MILLS, Senior District Judge.*

The court previously consolidated appeal No. 09-15632 with appeal Nos.

09-16897, 09-17382, 10-15253, 10-15496, 10-15497, 10-15500 and 10-15735.

The court further directed that petition No. 09-73419 be calendared with these

consolidated appeals.

Today the court issues its decision in appeal No. 09-15632 only.

Accordingly, appeal No. 09-15632 is severed from the remaining consolidated

appeals. Appeal Nos. 09-16897, 09-17382, 10-15253, 10-15496, 10-15497, 10-

* The Honorable Richard Mills, Senior United States District Judge for the Central District of Illinois, sitting by designation. -6- 15500 and 10-15735 remain consolidated, and shall be calendared with petition

No. 09-73419.

Briefing in the remaining consolidated appeals remains stayed pending

disposition of the court’s August 23, 2010 order directing new counsel for

Appellants Asset Resolution, LLC to file a notice of appearance.

-7-