Baker&Hostetier LLP
45 Rockefeller Plaza
New York, NY 10111
November 25, 2015
Re. Carney v. Stipa, et al, No. 14-cv-00925 (D. Conn.)
To Whom It May Concern:
On September 1, 2015, I filed a First Amended Complaint in Carney v. Stipa, et al., No.3:14-cv-925 (SRU) (D. Conn.), on behalf of John J. Carney, the court-appointed Receiver for the Michael Kenwood Group, LLC and certain affiliated entities, which named Walter Luciano Stipa Sprecase and various entities, including, Desarrollos Newco 22, C.A., Desarrollos Hotelco Corporation Curacao Holding N.V., Desarollos Hotelco Corparation Aruba Holding N.V., Desarrollos Hotelco Codporation DHC Aruba N.V., and Desarrollos Hotelco Corparation Aruba Holding C.A. ("Entitites") as defendatns.
The Receiver's actions against Mr. Stipa and the Entities were voluntarily dismissed with prejudice, with no party being deemed a prevailing party under any contract or statute or for any purpose. Consequently, the Receiver has no claims against Mr. Stipa or any of the Entities.
Although the First Amended Complaint alleges in great detail the fraudulent Ponzi scheme operated and managed by Francisco Illarramendi through his control of the Receivership Entities, it did not include any allegations suggesting that Mr. Stipa or any of the Entities had any involvement in Illarramendi's scheme. The Receiver's notice of dismissal is attached for your reference.
Dowload this Letter here!!!Re. Carney v. Stipa, et al, No. 14-cv-00925 (D. Conn.)
To Whom It May Concern:
On September 1, 2015, I filed a First Amended Complaint in Carney v. Stipa, et al., No.3:14-cv-925 (SRU) (D. Conn.), on behalf of John J. Carney, the court-appointed Receiver for the Michael Kenwood Group, LLC and certain affiliated entities, which named Walter Luciano Stipa Sprecase and various entities, including, Desarrollos Newco 22, C.A., Desarrollos Hotelco Corporation Curacao Holding N.V., Desarollos Hotelco Corparation Aruba Holding N.V., Desarrollos Hotelco Codporation DHC Aruba N.V., and Desarrollos Hotelco Corparation Aruba Holding C.A. ("Entitites") as defendatns.
The Receiver's actions against Mr. Stipa and the Entities were voluntarily dismissed with prejudice, with no party being deemed a prevailing party under any contract or statute or for any purpose. Consequently, the Receiver has no claims against Mr. Stipa or any of the Entities.
Although the First Amended Complaint alleges in great detail the fraudulent Ponzi scheme operated and managed by Francisco Illarramendi through his control of the Receivership Entities, it did not include any allegations suggesting that Mr. Stipa or any of the Entities had any involvement in Illarramendi's scheme. The Receiver's notice of dismissal is attached for your reference.
