LeFever Mattson, a California corporation, et al.
Case Number:
24-10545
MESSAGE TO INVESTORS AND CREDITORS FROM THE OFFICIAL COMMITTEE:
Date: September 4, 2025
Please join the Official Committee of Unsecured Creditors for its sixth virtual Town Hall on September 15, 2025 at 5:00 p.m. (Pacific Time). Attendees must register for the virtual Town Hall. Please register by clicking the following link: https://pszjlaw.zoom.us/webinar/register/WN_7Z33WvsmQxWpOWBmgZiI_A.
The purpose of this town hall is to introduce you to Robbin Itkin, the Responsible Individual for KS Mattson Partners, LP (“KSMP”), and to walk you through how to file a proof of claim against KSMP. As before, the meeting will be moderated by Kevin Katari, who is the Chair of the Creditors’ Committee in the LeFever Mattson cases, and now in the KSMP case as well.
At the Town Hall, Ms. Itkin will:
• Update you on what’s happened so far since KSMP formally entered bankruptcy, and outline KSMP’s plans going forward.
• Walk you through the required proofs of claim and the voluntary questionnaire—and how they relate to any forms you may have already filed in the LeFever Mattson cases—so you can complete the forms with confidence.
• Answer your questions. Please send your questions to KSMP@hoganlovells.com by Thursday, September 11, 2025. The Committee and KSMP will make every effort to answer your timely-submitted questions during the 1-hour Town Hall.
All Town Halls will be recorded and later viewable on the Committee’s website available at https://www.veritaglobal.net/lm/info/14065.
MESSAGE TO INVESTORS: INFO TO ATTEND HEARING ON JULY 25, 2025
Date: July 22, 2025
The Bankruptcy Court has issued special procedures to attend this Friday’s hearing on the matters scheduled in the LeFever Mattson and KS Mattson Partners LP bankruptcy cases.
The hearing will now be held on Friday, July 25, 2025 at 12:30 p.m.
Like past hearings, this hearing will be a “hybrid hearing” meaning you can attend in-person or via Zoom. However, investors who want to attend this hearing virtually will need to take some additional steps.
If you wish to listen via Zoom, you must email Judge Novack’s Courtroom Deputy (ruby_bautista@canb.uscourts.gov) no later than Wednesday, July 23rd at 12:30pm PT) to request an invitation to the Zoom webinar.
If you wish to listen via telephone, please dial-in by calling (571) 353-2301 and entering 648393891 as the Meeting ID. No advance registration is required to listen to the hearing by telephone.
More detailed instructions on how to attend this Friday’s hearing is available on the Bankruptcy Court’s website at: https://www.canb.uscourts.gov/sites/default/files/judge/calendar/7-25-25.1230%20p.m._0.pdf
MESSAGE TO INVESTORS: VIDEO OF FIFTH TOWN HALL IS AVAILABLE
Date: July 16, 2025
On July 14, 2025, the Committee and Debtors filed a Global Settlement and Plan Term Sheet outlining the chapter 11 plan that the Debtors and Committee intend to prepare and file with the Court in the coming months. A copy of the Global Settlement and Plan Term Sheet is available at: https://www.veritaglobal.net/lm/document/5910545250714000000000001
In an effort to get investors and creditors information about the Plan Term Sheet quickly, the Committee recorded the fifth virtual Town Hall in advance of its original scheduled time. The recording of the Fifth Town Hall is available here: https://pszjlaw.zoom.us/rec/share/pVn1ahZO1QhOS87NZkRIOeJ98sV4WbPaT7ewHX5D2uvqh1SPvsY9XPe6MtGdElv0.c5QoRPoHHpyrGYlk
If you have any questions, please email LMCommittee@pszjlaw.com.
MESSAGE TO INVESTORS AND CREDITORS FROM THE OFFICIAL COMMITTEE:
Date: June 17, 2025
Please join the Official Committee of Unsecured Creditors for its fifth virtual Town Hall on July 16, 2025 at 6:00 p.m. (Pacific Time). Attendees must register for the virtual Town Hall. Please register by clicking the following link: https://pszjlaw.zoom.us/webinar/register/WN_EtXHGVP8TRGuAQY3pttlKw
The purpose of this town hall is for the Committee to provide an update about the status of a plan of liquidation, the claims reconciliation process, the real estate sale process, and the potential impact of KS Mattson Partners, LP’s bankruptcy case on the Debtors’ chapter 11 cases. The Committee will also provide an overview of where it believes these cases are headed, a timeline for exiting bankruptcy, and projected creditor recoveries.
As a reminder, all town halls are recorded and later viewable on the Committee’s website available at https://www.veritaglobal.net/lm/info/14065.
MESSAGE TO INVESTORS FROM THE OFFICIAL COMMITTEE:
Date: June 12, 2025
Hello all,
A few things from the Committee.
We expect to have another town hall-like session (exact structure to-be-determined) in mid-July. We are going to try to do this in as low cost a way as possible-which probably means the Committee with one of the attorneys from PSZJ will present. Bankruptcy professional fees are generally crazy, so we want the professionals focused on where they can add the most value-the Committee can probably handle a good bit of the preparation and execution of the town hall.
Our hope is that by this next town hall we can provide you with a draft of terms of the overall plan of reorganization that the debtors (hand-in-hand with the Committee) will propose. What does that mean? Well put simply, we should end up with a pot of money from all of the ongoing asset sales. The plan of reorganization will provide the map between this pot of money and actual distributions to creditors and investors- i.e., who gets what and based on what logic. As you might imagine, the plan will need to address questions about substantive consolidation and Ponzi schemes that we have previously mentioned-both topics have required significant forensic accounting work. Investors and creditors will ultimately need to vote to approve a plan.
The recent bankruptcy filing of KSMP might complicate our work (though we see this filing as very positive) and delay the timeline for sorting all this out, but hopefully not-in any case, we will give you an update in mid-July.
Other key threads of activity include:
- Ongoing sales of property controlled by LM Corporation and the investment entities. You have probably seen some of these on the court docket-if you’re following those-and you should see many more in the coming weeks.
- Processing of the Proofs of Interest and Proofs of Claims submitted by investors. As you might imagine, these are very complicated, and PwC has tied many of them back to LM’s books and records or the 1059 account, but there are a significant number of loose ends that first need to be addressed before validating many of the claims or interests. LM created a very complicated world.
- KSMP / KM Involuntary Filings. I won’t go into any detail of the Committee’s professionals’ work on these matters, but we do see the KSMP consenting to the involuntary bankruptcy filing as a significant plus for investors.
That’s the short update. We all would like this to move more quickly, so we are doing our best to push things along. We greatly appreciate your patience as we proceed and look forward to giving you a more fulsome update in mid-July.
Kevin Katari
Chair of the Official Committee of Unsecured Creditors
MESSAGE TO INVESTORS: VIDEO OF FOURTH TOWN HALL IS AVAILABLE
Date: April 4, 2025
Thank you to all who attended the Official Committee of Unsecured Creditors’ Fourth Investor Town Hall.
A recording of the Town Hall, with closed captioning, is available here: https://pszjlaw.zoom.us/rec/share/tqm-dy9CWbJi_34K1kbDcGGLqCwflCtQ-YVf2OLWsQVp-_5jLX4R8w0lvQyFh-hd.k-csJsQ7DpK1oeHJ?startTime=1743641817000
If you have any questions, please email LMCommittee@pszjlaw.com.
MESSAGE TO INVESTORS AND CREDITORS FROM THE OFFICIAL COMMITTEE:
Date: March 7, 2025
Please join the Official Committee of Unsecured Creditors for its fourth virtual Town Hall on April 2, 2025 at 6:00 p.m. (Pacific Time). Attendees must register for the virtual Town Hall. Please register by clicking the following link: https://pszjlaw.zoom.us/webinar/register/WN_osf54igRSV2rfav6Db8JuQ
The purpose of this town hall is (i) for Bradley Sharp of Development Specialists, Inc. (the Debtors’ Chief Restructuring Officer) to share preliminary findings from the forensic analysis, (ii) for PwC US Business Advisory LLP (the Committee’s proposed financial advisor) to provide an overview of its analysis to-date of the proofs of interest and proofs of claim, and (iii) for Greg Gotthardt of FTI Consulting, Inc. (the Debtors’ and Committee’s real estate advisors) to provide an update on the real estate process.
At least 48 hours in advance, you may submit questions to LMCommittee@pszjlaw.com. If the answer to your timely-submitted question would be helpful and informative to investors generally, the Committee will make every effort to answer it during the 1-hour Town Hall. All Town Halls will be recorded and later viewable on the Committee’s website available at https://www.veritaglobal.net/lm/info/14065.
MESSAGE TO INVESTORS: VIDEO OF THIRD TOWN HALL IS AVAILABLE
Date: January 16, 2025
Thank you to all who attended the Official Committee of Unsecured Creditors’ Third Investor Town Hall.
A recording of the Town Hall, with closed captioning, is available here: https://pszjlaw.zoom.us/rec/share/AN3GRm5cWryUZ43nL5D4dkZfhooWpptyNe4v5DrYo3ipxhzcyVFluPb1zsmktE8E.OKXyW1BZ7MEFki1H?startTime=1736992723000
Updated FAQs will be posted by Friday, January 17th at 5pm (PT). If you have any questions, please email LMCommittee@pszjlaw.com.
MESSAGE TO INVESTORS AND CREDITORS FROM THE OFFICIAL COMMITTEE:
Date: January 3, 2025
Please join the Official Committee of Unsecured Creditors for its third investor Town Hall on January 15, 2025 at 6:00 p.m. (Pacific Time). Attendees must register for the virtual Town Hall. Please register by clicking the following link: https://pszjlaw.zoom.us/webinar/register/WN_7Rqd3W9rQTm7JZGGu99SOA
The purpose of this Town Hall is to answer your questions about completing and submitting the Proof of Interest form.
At least 48 hours in advance, you may submit questions to LMCommittee@pszjlaw.com. If the answer to your timely-submitted question would be helpful and informative to investors generally, the Committee will make every effort to answer it during the 1-hour Town Hall. All Town Halls will be recorded and later viewable on the Committee’s website available at https://www.veritaglobal.net/lm/info/14065.
MESSAGE TO INVESTORS: PRESENTATION REGARDING PROOF OF INTEREST FORM
Date: December 20, 2024
On December 13, 2024, the Court approved (a) the procedures for investors to assert their interests in the Debtors and (b) the Proof of Interest form. In an effort to help investors with this process, the Committee recorded an instructional presentation that guides investors through the process of filling out and submitting the Proof of Interest form. The presentation is available here:
https://pszjlaw.zoom.us/rec/share/yfpUA0sn0CiHP_L0KBEwIzKsNDdLiKSXTzce6QfuXgOL89r9IuyRgVKekxqZAvc.GM4pkTxNklnWEIeE
We encourage all investors to watch this video before completing the Proof of Interest form, and if you have questions, please submit them to the Committee’s email address at LMCommittee@pszjlaw.com. The Committee will host a Town Hall in January to answer your questions about the Proof of Interest Form.
As a reminder, the deadline to submit a Proof of Interest is February 14, 2025. In light of this timing, we encourage you to take your time, watch the instructional video, gather your documents, submit any questions you have to the Committee, and stay tuned for a further Town Hall in January.
MESSAGE TO INVESTORS: VIDEO OF SECOND TOWN HALL IS AVAILABLE
Date: November 27, 2024
Thank you to all who attended the Official Committee of Unsecured Creditors’ Second Investor Town Hall.
A recording of the Town Hall, with closed captioning, is available here: https://pszjlaw.zoom.us/rec/share/aC5fUFIQCJLMlIsdYmiCQiip0I0oArz1k0OaOnO2NEdQF4zhcFex5QG1G1-N1ne7.TZrZyG9IkMKaAxtL
If you have any questions, please email LMCommittee@pszjlaw.com.
MESSAGE TO INVESTORS AND CREDITORS FROM THE OFFICIAL COMMITTEE:
Date: November 19, 2024
Please join the Official Committee of Unsecured Creditors for its second investor town hall on November 26, 2024 at 7:00 p.m. (Pacific Time). Attendees must register for the virtual town hall. Please register by clicking the following link: https://pszjlaw.zoom.us/webinar/register/WN_fw80NSZ7QSqcCQQ91BXAwA
The purpose of this town hall is (i) for the Committee to introduce Bradley Sharp of Development Specialists, Inc. (the Debtors’ Chief Restructuring Officer) and Greg Gotthardt of FTI Consulting, Inc. (the Debtors’ proposed real estate advisors), (ii) for Mr. Sharp and Mr. Gotthardt to provide the investor body with an update on the bankruptcy cases, and (iii) to address questions you may have.
At least 48 hours in advance, you may submit questions to LMCommittee@pszjlaw.com. If the answer to your timely-submitted question would be helpful and informative to investors generally, the Committee will make every effort to answer it during the 1-hour Town Hall. All Town Halls will be recorded and later viewable on the Committee’s website available at https://www.veritaglobal.net/lm/info/14065.
Additionally, the Debtors filed their Schedules and Statements of Financial Affairs on November 15, 2024. Copies of the Schedules may be found on Verita’s website at: https://www.veritaglobal.net/lm/document/list/6175. Investors may search the list of equity security holders to determine where they appear as an investor in the Debtors’ books and records at the following link: https://www.veritaglobal.net/lm/investorsearch.
MESSAGE TO INVESTORS: VIDEO OF FIRST TOWN HALL IS AVAILABLE
Date: October 31, 2024
Thank you to all who attended the Official Committee of Unsecured Creditors’ First Investor Town Hall.
A recording of the Town Hall, with closed captioning, is available here: https://pszjlaw.zoom.us/rec/share/PRIlXgfgRoXQMXjEdCEx8VJm1gAFnsI5Lbe860pk-gYhRzBwbZkSn9FJoN4zR6A.pmffAcu913L7DMCT?startTime=1730336168000
If you have any questions, please email LMCommittee@pszjlaw.com.
MESSAGE TO INVESTORS AND CREDITORS FROM THE OFFICIAL COMMITTEE:
Date: October 24, 2024
Please join the Official Committee of Unsecured Creditors for its first investor town hall on October 30, 2024 at 6:00 p.m. (Pacific Time). Attendees must register for the virtual town hall. Please register by clicking the following link: https://pszjlaw.zoom.us/webinar/register/WN_AKkEz8JlR9adgdAGgaCluA
The purpose of this town hall is for the Committee members to briefly introduce themselves and the Committee’s counsel, to provide the unsecured creditor and investor body with an update on the bankruptcy cases, and to address questions you may have. At least 24 hours in advance, you may submit questions to LMCommittee@pszjlaw.com. The Committee will make every effort to answer your timely-submitted questions during the 1-hour Town Hall.
All Town Halls will be recorded and later viewable on the Committee’s website at https://www.veritaglobal.net/lm/info/14065
MESSAGE TO INVESTORS AND CREDITORS FROM THE OFFICIAL COMMITTEE:
Date: October 15, 2024
The United States Trustee has appointed an Official Committee of Creditors that includes six LeFever Mattson-entity investors. At the request of the Committee, the Bankruptcy Court has suspended the time for investors and creditors to file proofs of claim. As a result, investors do not need to expend resources at this time filing a proof of claim. The Committee is working with the Debtors to set a future deadline to file proofs of claim and establish clear instructions to help you submit one. You will receive notice of that new deadline after it is set in the coming months. For the avoidance of doubt, there is nothing for investors to do at this time with respect to filing a proof of claim.
In the future, you can expect the Committee to schedule a series of “virtual town halls” to keep you informed about the bankruptcy. After a new bar date is established, we will host a virtual town hall specifically designed to help you fill out and submit your proof of claim. This meeting will be recorded and posted for investors to view at their convenience.
The Committee will provide notice of these virtual town halls by filing a notice on the docket, sending emails to investors, and posting the schedule on this website.
If you have any questions regarding these chapter 11 cases, please email LMCommittee@pszjlaw.com.
Date: September 4, 2025
Please join the Official Committee of Unsecured Creditors for its sixth virtual Town Hall on September 15, 2025 at 5:00 p.m. (Pacific Time). Attendees must register for the virtual Town Hall. Please register by clicking the following link: https://pszjlaw.zoom.us/webinar/register/WN_7Z33WvsmQxWpOWBmgZiI_A.
The purpose of this town hall is to introduce you to Robbin Itkin, the Responsible Individual for KS Mattson Partners, LP (“KSMP”), and to walk you through how to file a proof of claim against KSMP. As before, the meeting will be moderated by Kevin Katari, who is the Chair of the Creditors’ Committee in the LeFever Mattson cases, and now in the KSMP case as well.
At the Town Hall, Ms. Itkin will:
• Update you on what’s happened so far since KSMP formally entered bankruptcy, and outline KSMP’s plans going forward.
• Walk you through the required proofs of claim and the voluntary questionnaire—and how they relate to any forms you may have already filed in the LeFever Mattson cases—so you can complete the forms with confidence.
• Answer your questions. Please send your questions to KSMP@hoganlovells.com by Thursday, September 11, 2025. The Committee and KSMP will make every effort to answer your timely-submitted questions during the 1-hour Town Hall.
All Town Halls will be recorded and later viewable on the Committee’s website available at https://www.veritaglobal.net/lm/info/14065.
MESSAGE TO INVESTORS: INFO TO ATTEND HEARING ON JULY 25, 2025
Date: July 22, 2025
The Bankruptcy Court has issued special procedures to attend this Friday’s hearing on the matters scheduled in the LeFever Mattson and KS Mattson Partners LP bankruptcy cases.
The hearing will now be held on Friday, July 25, 2025 at 12:30 p.m.
Like past hearings, this hearing will be a “hybrid hearing” meaning you can attend in-person or via Zoom. However, investors who want to attend this hearing virtually will need to take some additional steps.
If you wish to listen via Zoom, you must email Judge Novack’s Courtroom Deputy (ruby_bautista@canb.uscourts.gov) no later than Wednesday, July 23rd at 12:30pm PT) to request an invitation to the Zoom webinar.
If you wish to listen via telephone, please dial-in by calling (571) 353-2301 and entering 648393891 as the Meeting ID. No advance registration is required to listen to the hearing by telephone.
More detailed instructions on how to attend this Friday’s hearing is available on the Bankruptcy Court’s website at: https://www.canb.uscourts.gov/sites/default/files/judge/calendar/7-25-25.1230%20p.m._0.pdf
MESSAGE TO INVESTORS: VIDEO OF FIFTH TOWN HALL IS AVAILABLE
Date: July 16, 2025
On July 14, 2025, the Committee and Debtors filed a Global Settlement and Plan Term Sheet outlining the chapter 11 plan that the Debtors and Committee intend to prepare and file with the Court in the coming months. A copy of the Global Settlement and Plan Term Sheet is available at: https://www.veritaglobal.net/lm/document/5910545250714000000000001
In an effort to get investors and creditors information about the Plan Term Sheet quickly, the Committee recorded the fifth virtual Town Hall in advance of its original scheduled time. The recording of the Fifth Town Hall is available here: https://pszjlaw.zoom.us/rec/share/pVn1ahZO1QhOS87NZkRIOeJ98sV4WbPaT7ewHX5D2uvqh1SPvsY9XPe6MtGdElv0.c5QoRPoHHpyrGYlk
If you have any questions, please email LMCommittee@pszjlaw.com.
MESSAGE TO INVESTORS AND CREDITORS FROM THE OFFICIAL COMMITTEE:
Date: June 17, 2025
Please join the Official Committee of Unsecured Creditors for its fifth virtual Town Hall on July 16, 2025 at 6:00 p.m. (Pacific Time). Attendees must register for the virtual Town Hall. Please register by clicking the following link: https://pszjlaw.zoom.us/webinar/register/WN_EtXHGVP8TRGuAQY3pttlKw
The purpose of this town hall is for the Committee to provide an update about the status of a plan of liquidation, the claims reconciliation process, the real estate sale process, and the potential impact of KS Mattson Partners, LP’s bankruptcy case on the Debtors’ chapter 11 cases. The Committee will also provide an overview of where it believes these cases are headed, a timeline for exiting bankruptcy, and projected creditor recoveries.
As a reminder, all town halls are recorded and later viewable on the Committee’s website available at https://www.veritaglobal.net/lm/info/14065.
MESSAGE TO INVESTORS FROM THE OFFICIAL COMMITTEE:
Date: June 12, 2025
Hello all,
A few things from the Committee.
We expect to have another town hall-like session (exact structure to-be-determined) in mid-July. We are going to try to do this in as low cost a way as possible-which probably means the Committee with one of the attorneys from PSZJ will present. Bankruptcy professional fees are generally crazy, so we want the professionals focused on where they can add the most value-the Committee can probably handle a good bit of the preparation and execution of the town hall.
Our hope is that by this next town hall we can provide you with a draft of terms of the overall plan of reorganization that the debtors (hand-in-hand with the Committee) will propose. What does that mean? Well put simply, we should end up with a pot of money from all of the ongoing asset sales. The plan of reorganization will provide the map between this pot of money and actual distributions to creditors and investors- i.e., who gets what and based on what logic. As you might imagine, the plan will need to address questions about substantive consolidation and Ponzi schemes that we have previously mentioned-both topics have required significant forensic accounting work. Investors and creditors will ultimately need to vote to approve a plan.
The recent bankruptcy filing of KSMP might complicate our work (though we see this filing as very positive) and delay the timeline for sorting all this out, but hopefully not-in any case, we will give you an update in mid-July.
Other key threads of activity include:
- Ongoing sales of property controlled by LM Corporation and the investment entities. You have probably seen some of these on the court docket-if you’re following those-and you should see many more in the coming weeks.
- Processing of the Proofs of Interest and Proofs of Claims submitted by investors. As you might imagine, these are very complicated, and PwC has tied many of them back to LM’s books and records or the 1059 account, but there are a significant number of loose ends that first need to be addressed before validating many of the claims or interests. LM created a very complicated world.
- KSMP / KM Involuntary Filings. I won’t go into any detail of the Committee’s professionals’ work on these matters, but we do see the KSMP consenting to the involuntary bankruptcy filing as a significant plus for investors.
That’s the short update. We all would like this to move more quickly, so we are doing our best to push things along. We greatly appreciate your patience as we proceed and look forward to giving you a more fulsome update in mid-July.
Kevin Katari
Chair of the Official Committee of Unsecured Creditors
MESSAGE TO INVESTORS: VIDEO OF FOURTH TOWN HALL IS AVAILABLE
Date: April 4, 2025
Thank you to all who attended the Official Committee of Unsecured Creditors’ Fourth Investor Town Hall.
A recording of the Town Hall, with closed captioning, is available here: https://pszjlaw.zoom.us/rec/share/tqm-dy9CWbJi_34K1kbDcGGLqCwflCtQ-YVf2OLWsQVp-_5jLX4R8w0lvQyFh-hd.k-csJsQ7DpK1oeHJ?startTime=1743641817000
If you have any questions, please email LMCommittee@pszjlaw.com.
MESSAGE TO INVESTORS AND CREDITORS FROM THE OFFICIAL COMMITTEE:
Date: March 7, 2025
Please join the Official Committee of Unsecured Creditors for its fourth virtual Town Hall on April 2, 2025 at 6:00 p.m. (Pacific Time). Attendees must register for the virtual Town Hall. Please register by clicking the following link: https://pszjlaw.zoom.us/webinar/register/WN_osf54igRSV2rfav6Db8JuQ
The purpose of this town hall is (i) for Bradley Sharp of Development Specialists, Inc. (the Debtors’ Chief Restructuring Officer) to share preliminary findings from the forensic analysis, (ii) for PwC US Business Advisory LLP (the Committee’s proposed financial advisor) to provide an overview of its analysis to-date of the proofs of interest and proofs of claim, and (iii) for Greg Gotthardt of FTI Consulting, Inc. (the Debtors’ and Committee’s real estate advisors) to provide an update on the real estate process.
At least 48 hours in advance, you may submit questions to LMCommittee@pszjlaw.com. If the answer to your timely-submitted question would be helpful and informative to investors generally, the Committee will make every effort to answer it during the 1-hour Town Hall. All Town Halls will be recorded and later viewable on the Committee’s website available at https://www.veritaglobal.net/lm/info/14065.
MESSAGE TO INVESTORS: VIDEO OF THIRD TOWN HALL IS AVAILABLE
Date: January 16, 2025
Thank you to all who attended the Official Committee of Unsecured Creditors’ Third Investor Town Hall.
A recording of the Town Hall, with closed captioning, is available here: https://pszjlaw.zoom.us/rec/share/AN3GRm5cWryUZ43nL5D4dkZfhooWpptyNe4v5DrYo3ipxhzcyVFluPb1zsmktE8E.OKXyW1BZ7MEFki1H?startTime=1736992723000
Updated FAQs will be posted by Friday, January 17th at 5pm (PT). If you have any questions, please email LMCommittee@pszjlaw.com.
MESSAGE TO INVESTORS AND CREDITORS FROM THE OFFICIAL COMMITTEE:
Date: January 3, 2025
Please join the Official Committee of Unsecured Creditors for its third investor Town Hall on January 15, 2025 at 6:00 p.m. (Pacific Time). Attendees must register for the virtual Town Hall. Please register by clicking the following link: https://pszjlaw.zoom.us/webinar/register/WN_7Rqd3W9rQTm7JZGGu99SOA
The purpose of this Town Hall is to answer your questions about completing and submitting the Proof of Interest form.
At least 48 hours in advance, you may submit questions to LMCommittee@pszjlaw.com. If the answer to your timely-submitted question would be helpful and informative to investors generally, the Committee will make every effort to answer it during the 1-hour Town Hall. All Town Halls will be recorded and later viewable on the Committee’s website available at https://www.veritaglobal.net/lm/info/14065.
MESSAGE TO INVESTORS: PRESENTATION REGARDING PROOF OF INTEREST FORM
Date: December 20, 2024
On December 13, 2024, the Court approved (a) the procedures for investors to assert their interests in the Debtors and (b) the Proof of Interest form. In an effort to help investors with this process, the Committee recorded an instructional presentation that guides investors through the process of filling out and submitting the Proof of Interest form. The presentation is available here:
https://pszjlaw.zoom.us/rec/share/yfpUA0sn0CiHP_L0KBEwIzKsNDdLiKSXTzce6QfuXgOL89r9IuyRgVKekxqZAvc.GM4pkTxNklnWEIeE
We encourage all investors to watch this video before completing the Proof of Interest form, and if you have questions, please submit them to the Committee’s email address at LMCommittee@pszjlaw.com. The Committee will host a Town Hall in January to answer your questions about the Proof of Interest Form.
As a reminder, the deadline to submit a Proof of Interest is February 14, 2025. In light of this timing, we encourage you to take your time, watch the instructional video, gather your documents, submit any questions you have to the Committee, and stay tuned for a further Town Hall in January.
MESSAGE TO INVESTORS: VIDEO OF SECOND TOWN HALL IS AVAILABLE
Date: November 27, 2024
Thank you to all who attended the Official Committee of Unsecured Creditors’ Second Investor Town Hall.
A recording of the Town Hall, with closed captioning, is available here: https://pszjlaw.zoom.us/rec/share/aC5fUFIQCJLMlIsdYmiCQiip0I0oArz1k0OaOnO2NEdQF4zhcFex5QG1G1-N1ne7.TZrZyG9IkMKaAxtL
If you have any questions, please email LMCommittee@pszjlaw.com.
MESSAGE TO INVESTORS AND CREDITORS FROM THE OFFICIAL COMMITTEE:
Date: November 19, 2024
Please join the Official Committee of Unsecured Creditors for its second investor town hall on November 26, 2024 at 7:00 p.m. (Pacific Time). Attendees must register for the virtual town hall. Please register by clicking the following link: https://pszjlaw.zoom.us/webinar/register/WN_fw80NSZ7QSqcCQQ91BXAwA
The purpose of this town hall is (i) for the Committee to introduce Bradley Sharp of Development Specialists, Inc. (the Debtors’ Chief Restructuring Officer) and Greg Gotthardt of FTI Consulting, Inc. (the Debtors’ proposed real estate advisors), (ii) for Mr. Sharp and Mr. Gotthardt to provide the investor body with an update on the bankruptcy cases, and (iii) to address questions you may have.
At least 48 hours in advance, you may submit questions to LMCommittee@pszjlaw.com. If the answer to your timely-submitted question would be helpful and informative to investors generally, the Committee will make every effort to answer it during the 1-hour Town Hall. All Town Halls will be recorded and later viewable on the Committee’s website available at https://www.veritaglobal.net/lm/info/14065.
Additionally, the Debtors filed their Schedules and Statements of Financial Affairs on November 15, 2024. Copies of the Schedules may be found on Verita’s website at: https://www.veritaglobal.net/lm/document/list/6175. Investors may search the list of equity security holders to determine where they appear as an investor in the Debtors’ books and records at the following link: https://www.veritaglobal.net/lm/investorsearch.
MESSAGE TO INVESTORS: VIDEO OF FIRST TOWN HALL IS AVAILABLE
Date: October 31, 2024
Thank you to all who attended the Official Committee of Unsecured Creditors’ First Investor Town Hall.
A recording of the Town Hall, with closed captioning, is available here: https://pszjlaw.zoom.us/rec/share/PRIlXgfgRoXQMXjEdCEx8VJm1gAFnsI5Lbe860pk-gYhRzBwbZkSn9FJoN4zR6A.pmffAcu913L7DMCT?startTime=1730336168000
If you have any questions, please email LMCommittee@pszjlaw.com.
MESSAGE TO INVESTORS AND CREDITORS FROM THE OFFICIAL COMMITTEE:
Date: October 24, 2024
Please join the Official Committee of Unsecured Creditors for its first investor town hall on October 30, 2024 at 6:00 p.m. (Pacific Time). Attendees must register for the virtual town hall. Please register by clicking the following link: https://pszjlaw.zoom.us/webinar/register/WN_AKkEz8JlR9adgdAGgaCluA
The purpose of this town hall is for the Committee members to briefly introduce themselves and the Committee’s counsel, to provide the unsecured creditor and investor body with an update on the bankruptcy cases, and to address questions you may have. At least 24 hours in advance, you may submit questions to LMCommittee@pszjlaw.com. The Committee will make every effort to answer your timely-submitted questions during the 1-hour Town Hall.
All Town Halls will be recorded and later viewable on the Committee’s website at https://www.veritaglobal.net/lm/info/14065
MESSAGE TO INVESTORS AND CREDITORS FROM THE OFFICIAL COMMITTEE:
Date: October 15, 2024
The United States Trustee has appointed an Official Committee of Creditors that includes six LeFever Mattson-entity investors. At the request of the Committee, the Bankruptcy Court has suspended the time for investors and creditors to file proofs of claim. As a result, investors do not need to expend resources at this time filing a proof of claim. The Committee is working with the Debtors to set a future deadline to file proofs of claim and establish clear instructions to help you submit one. You will receive notice of that new deadline after it is set in the coming months. For the avoidance of doubt, there is nothing for investors to do at this time with respect to filing a proof of claim.
In the future, you can expect the Committee to schedule a series of “virtual town halls” to keep you informed about the bankruptcy. After a new bar date is established, we will host a virtual town hall specifically designed to help you fill out and submit your proof of claim. This meeting will be recorded and posted for investors to view at their convenience.
The Committee will provide notice of these virtual town halls by filing a notice on the docket, sending emails to investors, and posting the schedule on this website.
If you have any questions regarding these chapter 11 cases, please email LMCommittee@pszjlaw.com.