Judge: Thomas D. Long, Case: BC579623, Date: 2024-12-10 Tentative Ruling

Case Number: BC579623    Hearing Date: December 10, 2024    Dept: 48

SUPERIOR COURT OF THE STATE OF CALIFORNIA

FOR THE COUNTY OF LOS ANGELES - CENTRAL DISTRICT

 

LEONARD SCHRAGE,

                        Plaintiff,

            vs.

 

MICHAEL SCHRAGE, et al.,

 

                        Defendants.

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      CASE NO.: BC579623

 

[TENTATIVE] ORDER CONTINUING HEARING ON MOTION FOR ORDER FOR AUTHORITY TO PAY COMPENSATION

 

Dept. 48

8:30 a.m.

December 10, 2024

 

On September 9, 2024, Receiver Byron Z. Moldo filed a motion for authority to pay compensation to (1) Plaintiff Leonard Schrage, for the benefits he provided in connection with the sale of the real properties of the estate in Studio City and West Covina; (2) the law firm of ArentFox Schiff, LLP; and (3) the accounting firm of Kho, Patel & Co.

On October 8, 2024, James W. Sullivan as Trustee of the Joseph Schrage Revocable Trust (“Trustee”) filed an opposition.  On October 9, 2024, Alexis Schrage filed a joinder to Trustee’s opposition.

On December 4, 2024, Trustee filed a Notice of Anticipated Settlement.  Trustee indicated that he would withdraw his opposition if the parties had a written agreement with substantially the same terms that the parties already agreed to.

On December 9, 2024—the day before the hearing—Trustee filed a Notice of Withdrawal of Opposition, which included a copy of the settlement agreement between Trustee and Leonard Schrage.

In light of the recently executed settlement, the Court will continue the hearing and order the filing of an amended motion so that all affected parties have an opportunity to review the final payment terms.

The Hearing on Motion for Order for Authority to Pay Compensation is CONTINUED to __________________ at 8:30 a.m. in Department 48 at Stanley Mosk Courthouse.

The Receiver is ordered to file an Amended Motion that includes the terms of the settlement between Trustee and Leonard Schrage and the settlement’s impact on any other payment terms.  The Amended Motion and any oppositions are to be filed according to normal statutory notice.

Moving party to give notice.

Parties who intend to submit on this tentative must send an email to the Court at SMCDEPT48@lacourt.org indicating intention to submit.  If all parties in the case submit on the tentative ruling, no appearances before the Court are required unless a companion hearing (for example, a Case Management Conference) is also on calendar.

 

         Dated this 10th day of December 2024

 

 

 

 

Hon. Thomas D. Long

Judge of the Superior Court