The court addressed three issues regarding the distribution of proceeds from the sale of properties by a court-appointed Sales Officer.
The court approved the Sales Officer's recommendation to reduce the general reserve and distribute funds following the closing of two properties.
The court also directed that future costs of the Sales Officer be allocated to the sole remaining property.
Finally, the court declined to eliminate or reduce a $7.5 million Settlement Liquidity Holdback, maintaining it to ensure liquidity for accounting adjustments and to incentivize the parties to advance the long-standing family litigation.
