In re Rexford Properties, LLC
Opinion
Lead Opinion
Barash, J.
MEMORANDUM OF DECISION RE: DEBTOR’S MOTION TO DETERMINE NON-INSIDER STATUS OF THE 1979 EHRLICH INVESTMENT TRUST AND LURLINE GARDENS LIMITED HOUSING PARTNERSHIP [Dkt. No. 262]
On May 6, 2016, Rexford Properties, LLC (“Rexford”) filed Debtor’s Motion to Determine Non-Insider Status of the 1979 Ehrlich Investment Trust and Lurline Gardens Limited Housing Partnership (the “Motion”). Dkt. No. 262. The Motion requests that the Court determine whether certain creditors, the 1979 Ehrlich Investment Trust (the “Trust”) and Lurline Gardens Limited Housing Partnership, LP (“Lurline”), are insiders for purposes of voting for a chapter 11 plan pursuant to Bankruptcy Code section 1129(a)(10); The purpose of seeking this relief now is to assist Rexford in formulating a confirma-ble chapter 11 plan. 1 On May 13, 2016, creditor United States Fidelity & Guaranty Company (“USF&G”) filed its Opposition to Motion to Determine Non-Insider Status of the 1979 Investment Trust and Lurline Gardens Limited Housing Partnership (the “Opposition). Dkt. No. 275.
On June 7,' 2016, the Court held an evidentiary hearing on the Motion. Following the June 7 hearing, the Court requested supplemental briefing from…