- 5(&200(1'(' )25 )8//7(;7 38%/,&$7,21 3XUVXDQW WR 6L[WK &LUFXLW 5XOH (/(&7521,& &,7$7,21 )(' $SS 3 WK &LU )LOH 1DPH DS 81,7('67$7(6&28572)$33($/6 )257+(6,;7+&,5&8,7 BBBBBBBBBBBBBBBBB s2( s 5,&+$5' ; 3ODLQWLII$SSHOODQW 1R Y ! '5 (':$5' 5$< s5 6$0$5,7$1 +263,7$/DND &2/80%,$ +263,7$/ /(;,1*721 'HIHQGDQWV$SSHOOHHV 1 $SSHDOIURPWKH8QLWHG6WDWHV'LVWULFW&RXUW IRUWKH(DVWHUQ'LVWULFWRI.HQWXFN\DW/H[LQJWRQ 1Rn+HQU\5:LOKRLWsU'LVWULFWsXGJH 6XEPLWWHG$SULO 'HFLGHGDQG)LOHG0D\ %HIRUH'$8*+75(<DQG0225(&LUFXLWsXGJHV 6,03621'LVWULFWsXGJH 7KH +RQRUDEOH &KDUOHV 5 6LPSVRQ ,,, 8QLWHG 6WDWHV 'LVWULFW sXGJH IRU WKH :HVWHUQ 'LVWULFW RI .HQWXFN\ VLWWLQJ E\ GHVLJQDWLRQ 5LFKDUGY5D\HWDO 1R BBBBBBBBBBBBBBBBB &2816(/ 21 %5,() &OD\WRQ / 5RELQVRQ /\QQ 5LNKRII .RORNRZVN\ s(1.,16 3,6$&$12 52%,1621 %$,/(< /H[LQJWRQ .HQWXFN\ %\URQ 1 0LOOHU 7+2036210,//(5 6,03621/RXLVYLOOH.HQWXFN\ IRU$SSHOOHHVsRHs5LFKDUG0HPSKLV7HQQHVVHHSURVH BBBBBBBBBBBBBBBBB 23,1,21 BBBBBBBBBBBBBBBBB 3(5 &85,$0 sRH s 5LFKDUG D IHGHUDO SULVRQHU SURFHHGLQJ SUR VH DSSHDOV D GLVWULFW FRXUW MXGJPHQW GLVPLVVLQJKLVGLYHUVLW\PHGLFDOPDOSUDFWLFHDFWLRQ6HH 86&7KLVFDVHKDVEHHQUHIHUUHGWRDSDQHORIWKH FRXUWSXUVXDQWWR5XOHM5XOHVRIWKH6L[WK&LUFXLW 8SRQH[DPLQDWLRQWKLVSDQHOXQDQLPRXVO\DJUHHVWKDWRUDO DUJXPHQWLVQRWQHHGHG)HG5$SS3D 6HHNLQJ PRQHWDU\ UHOLHI 5LFKDUG ILOHG D FRPSODLQW RQ 0D\DJDLQVW(GZDUG5D\sU0'DQG6DPDULWDQ +RVSLWDO5LFKDUGDOOHJHGWKDWGXULQJKLVLQFDUFHUDWLRQDWWKH )HGHUDO &RUUHFWLRQDO ,QVWLWXWLRQ ORFDWHG LQ 0HPSKLV 7HQQHVVHHm)&,0HPSKLVl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jV LQVWUXFWLRQV 5LFKDUGY5D\HWDO 1R 1R 5LFKDUGY5D\HWDO GDWHLWZDVVXEPLWWHGWRSULVRQDXWKRULWLHVIRUIRUZDUGLQJWR )ROORZLQJ WKH VXUJHU\ 5LFKDUG H[SHULHQFHG SDLQ LQ KLV WKH FRXUW FOHUN SXUVXDQW WR WKH PDLOER[ UXOH VHW IRUWK LQ EDFNDQGGLIILFXOW\XULQDWLQJ5LFKDUGDOOHJHGWKDWSXVIRUPHG +RXVWRQ DURXQGWKHFDWKHWHUKLVXULQHFRQWDLQHGEORRGDQGFORWVDQG KHVXIIHUHGFODPP\ZHWVNLQFKLOOVmLWFKLQJUDVKDQGEOLVWHUV $FFRUGLQJO\WKHUHTXHVWIRUMXGLFLDOQRWLFHLVGHQLHGWKH RQKLVEDFNl2Q$SULODQG0D\PHGLFDO PRWLRQ IRU OHDYH WR FRUUHFW WKH UHFRUG LV JUDQWHG DQG WKH VWDII DW )&,0HPSKLV LQVHUWHG FDWKHWHUV LQWR 5LFKDUGjV GLVWULFWFRXUWjVMXGJPHQWLVYDFDWHGDQGWKLVFDVHLVUHPDQGHG EODGGHULQRUGHUWRGUDLQWKHEODGGHUDQGSURYLGHSDLQUHOLHI WRWKHGLVWULFWFRXUWIRUIXUWKHUSURFHHGLQJV5XOHM& IRU5LFKDUG$VXEVHTXHQWPHGLFDOH[DPLQDWLRQUHYHDOHGWKH 5XOHVRIWKH6L[WK&LUFXLW SUHVHQFHRIDSRUWLRQRIDFDWKHWHUDSSUR[LPDWHO\WKUHHLQFKHV LQ OHQJWK LQ 5LFKDUGjV EODGGHU 2Q 0D\ 'U :LOOLDP 6KDSSOH\ UHPRYHG WKH FDWKHWHU VHJPHQW IURP 5LFKDUGjVEODGGHUDWDKRVSLWDOLQ0HPSKLV5LFKDUGDOOHJHG WKDWERWKKLVUHFWDOLQMXU\DQGEODGGHULQMXU\UHVXOWLQJIURP WKHFDWKHWHUVHJPHQWORFDWHGLQKLVEODGGHUZHUHFDXVHGE\ WKH QHJOLJHQFH RI 5D\ DQG 6DPDULWDQ +RVSLWDO GXULQJ KLV SURVWDWHVXUJHU\LQ 7KH GHIHQGDQWV ILOHG PRWLRQV IRU VXPPDU\ MXGJPHQW WR ZKLFK 5LFKDUG UHVSRQGHG 7KH GLVWULFW FRXUW JUDQWHG WKH GHIHQGDQWVjPRWLRQVDQGGLVPLVVHG5LFKDUGjVFRPSODLQWDV WLPHEDUUHG5LFKDUGKDVILOHGDWLPHO\DSSHDO+HKDVDOVR ILOHGDUHTXHVWIRUMXGLFLDOQRWLFHDQGDPRWLRQWRJUDQWWKH GLVWULFW FRXUW OHDYH WR FRUUHFW WKH UHFRUG WR ZKLFK WKH GHIHQGDQWVKDYHUHVSRQGHG :HUHYLHZWKHGLVWULFWFRXUWjVJUDQWRIVXPPDU\MXGJPHQW GH QRYR .LQFDLG Y *LEVRQ )G WK &LU 6XPPDU\MXGJPHQWLVDSSURSULDWHZKHQWKHHYLGHQFH SUHVHQWHG VKRZV mµWKDW WKHUH LV QR JHQXLQH LVVXH DV WR DQ\ PDWHULDO IDFW DQG WKDW WKH PRYLQJ SDUW\ LV HQWLWOHG WR D MXGJPHQWDVDPDWWHURIODZjl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mDWWKH DWVHHDOVR*DUYH\Y9DXJKQ)GWK WLPH WKH LQMXU\ LV ILUVW GLVFRYHUHG RU LQ WKH H[HUFLVH RI &LU KROGLQJ WKDW WKH ODQJXDJH RI ERWK UXOHV LV mVR UHDVRQDEOHFDUHVKRXOGKDYHEHHQGLVFRYHUHGl.\5HY6WDW VLPLODUWKDWDQLGHQWLFDOLQWHUSUHWDWLRQLVZDUUDQWHGl&RRSHU $QQ0LFKLH Y%URRNVKLUH)GWK&LUTXRWLQJWKH VLPLODUODQJXDJHDQDO\VLVLQ/HZLVDQG*DUYH\ZLWKDSSURYDO ,WLVXQGLVSXWHGWKDW5LFKDUGEHFDPHDZDUHRIKLVEODGGHU %RWKUXOHVVLPSO\UHTXLUHWKDWLQRUGHUWRLQLWLDWHDQDFWLRQ LQMXU\ ZKHQ 'U 6KDSSOH\ UHPRYHG WKH SRUWLRQ RI FDWKHWHU WKHDSSURSULDWHOHJDOGRFXPHQWVPXVWEHmILOHGZLWKWKHFOHUN IURP KLV EODGGHU RQ 0D\ 7KXV WKH VWDWXWH RI RIWKHFRXUWl6HH)HG5&LY3H)HG5$SS3D OLPLWDWLRQVEHJDQWRUXQRQ0D\DQGH[SLUHGRQH 6HFRQGDOORIWKHFRQFHUQVKLJKOLJKWHGE\WKH6XSUHPH&RXUW \HDUODWHU+RZHYHUVLQFH0D\IHOORQD6DWXUGD\ LQ+RXVWRQY/DFNDUHSUHVHQWZKHQDSURVHSULVRQHUILOHVD 5LFKDUG KDG XQWLO 0D\ WR WLPHO\ ILOH WKH LQVWDQW FLYLOFRPSODLQW7KHSULVRQHUORVHVFRQWURORYHUWKHILOLQJRI FRPSODLQW6HH)HG5&LY3D5LFKDUGjVFRPSODLQWZDV WKHFODLPWKHSULVRQHULVZLWKRXWOHJDOFRXQVHOFKDUJHGZLWK VWDPSHGmILOHGlE\WKHFRXUWFOHUNRQ0D\ DGXW\RIPRQLWRULQJWKHOHJDOSURFHVVDQGWKHSULVRQRIILFLDOV PDLQWDLQDWOHDVWHTXLYDOHQWLIQRWVWURQJHUPRWLYDWLRQVWR ,Q+RXVWRQY/DFN86WKH8QLWHG ZLOOIXOO\REVWUXFWWKHSULVRQHUjVFODLP6HH+RXVWRQ86 6WDWHV6XSUHPH&RXUWKHOGWKDWDSURVHSHWLWLRQHUjVQRWLFHRI DWVHHDOVRHJ*DUYH\)GDW/HZLV DSSHDORQKDEHDVFRUSXVUHYLHZLVGHHPHGILOHGRQWKHGDWH )GDW&RRSHU)GDWm7KHWHPSWDWLRQIRU WKDWLWLVWXUQHGRYHUWRSULVRQRIILFLDOVIRUWUDQVPLWWDOWRWKH ZLOOIXO REVWUXFWLRQ UHFRJQL]HG LQ +RXVWRQ DV WR QRWLFH RI FRXUW %DVHG XSRQ DQ LQWHUSUHWDWLRQ RI WKH ODQJXDJH RI DSSHDOLVHYHQPRUHFRPSHOOLQJLQWKHFDVHRIFRPSODLQWVl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jV E\SURVHSHWLWLRQHUVLQFDUFHUDWHGDWWKHWLPHRIILOLQJ LQDELOLW\ WR FRQWURO WKH QRWLFH RI DSSHDO DIWHU LW KDV EHHQ GHOLYHUHGWRSULVRQRIILFLDOVWKHSHWLWLRQHUjVODFNRIOHJDO 8SRQ UHYLHZ ZH YDFDWH WKH GLVWULFW FRXUWjV MXGJPHQW FRXQVHO WR LQVWLWXWH DQG PRQLWRU WKH SURFHVV DQG WKH GLVPLVVLQJ5LFKDUGjVFRPSODLQWDVXQWLPHO\DQGUHPDQGIRU WHPSWDWLRQ IRU ZLOOIXO REVWUXFWLRQ RQ WKH SDUW RI SULVRQ IXUWKHU SURFHHGLQJV 5LFKDUG SUHVHQWHG HYLGHQFH WKDW KH DXWKRULWLHVLQRUGHUWRVDERWDJHWKHSULVRQHUjVFODLP,G VXEPLWWHGKLVFRPSODLQWWRSULVRQRIILFLDOVIRUPDLOLQJSULRU WRWKHH[SLUDWLRQRIWKHRQH\HDUVWDWXWHRIOLPLWDWLRQV7KH $OORIWKHMXVWLILFDWLRQVIRUDSSO\LQJWKHPDLOER[ UXOH LQ GHIHQGDQWVGLGQRWRIIHUDQ\HYLGHQFHRUDUJXPHQWWRUHIXWH +RXVWRQY/DFNDUHSUHVHQWLQWKHLQVWDQWFDVH)LUVWDVQRWHG 5LFKDUGjV VWDWHPHQWV WKDW KLV FRPSODLQW ZDV SODFHG LQ WKH E\WKH)RXUWK&LUFXLWLQ/HZLVY5LFKPRQG&LW\3ROLFH'HSjW SULVRQ PDLO V\VWHP EHIRUH 0D\ 7KHUHIRUH )GWK&LUWKHODQJXDJHRI)HG5&LY3 5LFKDUGjVFRPSODLQWVKRXOGEHGHHPHGWLPHO\ILOHGDVRIWKH
Document Info
Docket Number: 01-5665
Filed Date: 5/8/2002
Precedential Status: Precedential
Modified Date: 9/22/2015