Home » Judge Steven Merryday You are browsing entries tagged with “Judge Steven Merryday”

Colony Trustee asks Bankruptcy court for June 26 sale of $23 million judgment

Colony Trustee asks Bankruptcy court for June 26 sale of $23 million judgment

The Trustee argues to the Judge that all efforts to arrive at a ‘global settlement’ with the Association of Unit Owners has failed. The Trustee added that there are no ongoing operations at The Colony and after four years of litigation, “The Trustee believes it is time to efficiently monetize the assets of his estate.”

June 9, 2015 | Posted in Major Headlines, Top Box | Read More »

Colony Lender demands $5 million from unit owners; Yablon fires back

Colony Lender demands $5 million from unit owners; Yablon fires back

Colony Lender sent a demand letter to each and every Colony unit owner seeking the $5 million in rent and interest and taxes for the recreational facilities at the closed resort they say is legally due under contractual agreement.

August 16, 2014 | Posted in Major Headlines, Top Box | Read More »

Colony Judge reversed again

Colony Judge reversed again

Judge May has been reversed five out of five times on appeal.

July 6, 2014 | Posted in Major Headlines, Top Box | Read More »

Colony sale on-hold by appeal, Ocean Properties makes proposal

Colony sale on-hold by appeal, Ocean Properties makes proposal

‘Colony Lender risks immediate and irreparable loss, measurable in millions of dollars if the assets at issue are sold at an auction at which Colony Lender is forbidden to exercise the statutory right to a credit bid.’

June 24, 2014 | Posted in Major Headlines, Top Box | Read More »

Colony trustee considers sale of assets; legal landscape shifting

Colony trustee considers sale of assets; legal landscape shifting

William Maloney is considering an offer to sell the estate, including the $23 million ruling against the Colony unit owners, to Unicorp President Chuck Whittall.

May 4, 2014 | Posted in Major Headlines, Top Box | Read More »

Will Colony judge punt again or throw a Hail Merryday? Will the Town and taxpayers enter the financial roach motel?

Will Colony judge punt again or throw a Hail Merryday? Will the Town and taxpayers enter the financial roach motel?

Now the Commission is returning to its last battleground to hold Colony nuisance hearings. I hope some modicum of wisdom can help tip the scales in the favor of our taxpayers.

February 23, 2014 | Posted in Opinion, Stephen Reid | Read More »

The pitfalls of the Town entering the Colony morass

The pitfalls of the Town entering the Colony morass

Which has devoured more of the assets at the Colony: the attorneys or the termites? Well it seems they have joined forces and this week are trying to seduce the Town into entering the quagmire of litigation.

December 9, 2013 | Posted in Opinion, Stephen Reid | Read More »

Colony heats up in court

Colony heats up in court

‘No more people who know people with money. They need people with the money. The people who the Association has approved thus far do not appear to have checkbooks.’

September 9, 2013 | Posted in Major Headlines, Top Box | Read More »

Klauber puts companies in bankruptcy

Klauber puts companies in bankruptcy

‘A developer is going to come down and make a deal. The unit owners will get squeezed out. But something is going to happen.’

January 14, 2013 | Posted in Major Headlines, Top Box | Read More »

Klauber wins $23 million award

Klauber wins $23 million award

Colony founder Murf Klauber and the General Partnership awarded damages to be paid by resort unit owners over five years at 6% interest.

October 12, 2012 | Posted in Major Headlines, Top Box | Read More »