In re: Spokane Raceway Park Inc.

CourtUnited States Bankruptcy Appellate Panel for the Ninth Circuit
DecidedAugust 2, 2013
DocketEW-12-1659-PaJuTa
StatusUnpublished

This text of In re: Spokane Raceway Park Inc. (In re: Spokane Raceway Park Inc.) is published on Counsel Stack Legal Research, covering United States Bankruptcy Appellate Panel for the Ninth Circuit primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
In re: Spokane Raceway Park Inc., (bap9 2013).

Opinion

FILED AUG 02 2013 SUSAN M SPRAUL, CLERK 1 U.S. BKCY. APP. PANEL OF THE NINTH CIRCUIT 2 3 UNITED STATES BANKRUPTCY APPELLATE PANEL 4 OF THE NINTH CIRCUIT 5 In re: ) BAP No. EW-12-1659-PaJuTa ) 6 SPOKANE RACEWAY PARK INC., ) Bankr. No. 06-01966 ) 7 Debtor. ) ___________________________________) 8 ) ORVILLE MOE, ) 9 ) Appellant, ) 10 ) v. ) M E M O R A N D U M1 11 ) JOHN D. MUNDING, Chapter 11 ) 12 Trustee, ) ) 13 Appellee. ) ___________________________________) 14 Argued and Submitted on July 25, 2013 15 at Butte, Montana 16 Filed - August 2, 2013 17 Appeal from the United States Bankruptcy Court for the Eastern District of Washington 18 Honorable Patricia C. Williams, Bankruptcy Judge, Presiding 19 20 Appearances: Orville Moe, pro se appellant, and John D. Munding, Chapter 11 Trustee, pro se appellee, argued. 21 22 Before: PAPPAS, JURY, and TAYLOR, Bankruptcy Judges. 23 24 25 26 1 This disposition is not appropriate for publication. 27 Although it may be cited for whatever persuasive value it may have (see Fed. R. App. P. 32.1), it has no precedential value. See 9th 28 Cir. BAP Rule 8013-1.

-1- 1 Creditor Orville Moe (“Moe”) appeals the order of the 2 bankruptcy court entering a final decree and closing the 3 chapter 112 case of debtor Spokane Raceway Park, Inc. (“Debtor”). 4 We AFFIRM. 5 FACTS 6 Debtor was formed in 1971 in the State of Washington to 7 manage and oversee the development of a motor racing stadium 8 complex in Airway Heights, Washington. Moe is president of Debtor 9 and, with his brothers, owns 90 percent of the shares of debtor; 10 10 percent is owned by Robert Kovacevich. Debtor is the general 11 partner of Washington Motorsports Limited (“WML”), a partnership 12 created to own, develop and operate the stadium. Kovacevich v. 13 Munding (In re Spokane Raceway Park, Inc.), 2007 Bankr. LEXIS 4856 14 *2 (9th Cir. BAP December 13, 2007) aff’d, 329 Fed. Appx. 86 (9th 15 Cir. 2009).3 16 In 1994, Debtor entered into an agreement with the Kalispel 17 Indian Tribe (the “Tribe”) creating the KNAEZ Joint Venture to 18 develop a business enterprise zone on twenty acres adjacent to the 19 motor racing stadium. There were a number of other agreements and 20 leases among the Debtor, WML and the Tribe. As a result of 21 various disputes, Debtor, WML and the Tribe have been involved in 22 23 2 Unless otherwise indicated, all chapter, section and rule 24 references are to the Bankruptcy Code, 11 U.S.C. §§ 101-1532, and to the Federal Rules of Bankruptcy Procedure, Rules 1001-9037. 25 Civil Rule references are to the Federal Rules of Civil Procedure 1-86. 26 3 As discussed below, we cite these unpublished decisions 27 under the doctrine of law of the case. For clarity and brevity, we will cite the BAP decision as Spokane Raceway I, and the Ninth 28 Circuit’s decision affirming the BAP as Spokane Raceway II.

-2- 1 several legal actions in state and federal courts since 2003. 2 On August 17, 2006, Debtor filed a petition for relief under 3 chapter 11 of the Bankruptcy Code. On motion of the state- 4 appointed Receiver of WML and the U.S. Trustee, John D. Munding 5 (“Trustee”) was appointed to serve as chapter 11 trustee on 6 September 28, 2006. 7 Trustee eventually negotiated a settlement agreement (the 8 “Settlement Agreement”) among Debtor, WML (through its Receiver) 9 and the Tribe. Under its terms, the Tribe released Debtor and 10 WML, and WML and Debtor released the Tribe, from the claims 11 asserted in the litigation in the federal and state courts. In 12 exchange for the mutual releases, the Tribe agreed to pay 13 $2.45 million to Debtor and WML in consideration for Debtor and 14 WML’s conveyance of their interests in 2.9 acres located near the 15 stadium. Upon that conveyance, the Tribe agreed to convey 16 whatever interests it may claim in ten acres of WML’s property. 17 Moe and Kovacevich strenuously objected to approval of the 18 Settlement Agreement in the bankruptcy court because, they 19 alleged, the Tribe owed Debtor over $17 million as a result of an 20 arbitrator’s decision on June 8, 2005. Additionally, they argued 21 that the Tribe’s $2.4 million payment for the 2.9 acres was less 22 than the arbitrator’s valuation of the land at $3.1 million. 23 The bankruptcy court conducted an evidentiary hearing 24 concerning approval of the Settlement Agreement on May 10, 2007. 25 After considering the evidence presented, at a continued hearing 26 on May 15, 2007, the court announced its oral findings of fact and 27 conclusions of law and its decision to approve the Settlement 28 Agreement. Applying the factors in Martin v. Kane (In re A&C

-3- 1 Props.), 784 F.2d 1377, 1381 (9th Cir. 1986), the court concluded 2 that the compromise represented by the Settlement Agreement was 3 fair and equitable as to Debtor. 4 Kovacevich appealed the bankruptcy court’s decision to the 5 BAP, essentially offering the same arguments Moe and he had made 6 in the bankruptcy court. Moe did not appeal. The BAP rejected 7 Kovacevich’s appeal on alternative grounds. First, the Panel 8 decided that appeal was moot because the order approving the 9 Settlement Agreement had not been stayed and the financial terms 10 of the Settlement Agreement had been concluded. In this respect, 11 the Panel noted that, at oral argument, Kovacevich was unable to 12 “offer any meaningful suggestion as to how effective appellate 13 relief could be afforded.” Spokane Raceway I at *8. 14 The Panel also ruled that, even if the issues were not moot, 15 “we nevertheless hold that the bankruptcy court did not abuse its 16 discretion in granting the trustee's motion for approval of the 17 Settlement Agreement.” Id. at *12. The Panel examined the record 18 and reviewed the bankruptcy court’s application of the A&C Props. 19 factors. The Panel concluded that “the [bankruptcy] court made 20 sufficient factual findings to support its conclusion that the 21 Settlement Agreement was fair and equitable and should be 22 approved.” Id. at *13. The Panel therefore decided that the 23 bankruptcy court “did not abuse its discretion in approving the 24 settlement because the court examined all four factors adequately 25 in making a full and independent assessment that the compromise 26 was fair and equitable.” Id. at *19. 27 Kovacevich appealed the BAP’s decision in Spokane Raceway I 28 to the Ninth Circuit, which affirmed in an unpublished memorandum

-4- 1 on May 19, 2009. Spokane Raceway II, 329 Fed. Appx. 86. 2 Trustee proposed a liquidating plan in the bankruptcy case on 3 November 7, 2009. Based on the funds received in the Settlement 4 Agreement, the plan proposed a distribution by Trustee that would 5 pay 100 percent of the creditors’ claims. Moe contested 6 confirmation of that plan, relying on substantially the same 7 grounds that he had opposed the Settlement Agreement. After a 8 hearing, the bankruptcy court confirmed the plan in an order 9 entered March 16, 2010. Moe appealed the bankruptcy court’s 10 decision to confirm the plan to the District Court for the Eastern 11 District of Washington. The district court dismissed the appeal 12 on September 10, 2010, because Moe failed “to address the 13 underlying procedural or substantive reasons for the appeal.” 14 E.D. Wash. Case CV-10-106, dkt. no. 24. 15 On October 30, 2010, Trustee filed his Final Account and 16 Motion for Order Entering Final Decree.

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