Such accruals are based upon developments to date, management's estimates of the outcome of these matters and its experience in such matters. The Partnership, the General Partner and certain related parties as well as other unrelated parties have been named defendants in an action entitled Rothal v. The Financial Accounting Standards Board issued accounting guidance on when and how an entity should apply the liquidation basis of accounting. Plaintiff seeks an unspecified amount of compensatory damages, interest, costs, and such other and further relief as is just and equitable. The mitigation plan requires improvement of the function and value of the wetlands, including development of refuge habitat areas, and ongoing maintenance and monitoring of the same.
Recent SEC Filings
The current and prior three years remain open for examination. In Count I, Plaintiff sued for breach of warranty. Zurich is providing a defense of this matter under a reservation of rights. The Partnership has completed construction and closed on the sale of all remaining housing units to be built by the Partnership. The Partnership has filed a motion to dismiss the case against Arvida for lack of jurisdiction and a motion to stay.
Liquidity and Capital Resources. The Ridges remains subject to the purported reservation of rights letter despite the settlement of certain disputes with the carrier discussed below. Berkowitz and Fairholme Funds, Inc.
Waterproofing filed a motion to dismiss that was granted with leave to amend. Cash distributions per unit c. Notes to Consolidated Financial Statements.
ALP LIQUIDATING TRUST Top Holdings
Indemnification of Certain Persons. The business of the Partnership has been cyclical in nature and certain aspects of the development of Community projects were to some degree seasonal. The Partnership is unable to determine the ultimate portion of the expenses, fees and damages, if any, which will be covered by its insurance. Non Controlling Interests. Defendants believe they have meritorious defenses and intend to vigorously defend themselves.
- Net loss attributable to Unit Holders.
- This Trust Agreement shall be governed by and construed in accordance with the laws of the State of Delaware, without regard to principles of conflict of laws thereof.
- Notes to Financial Statements.
- Consolidated Statements of Cash Flows.
Acknowledgment and Amendment of Partnership Agreement. The Partnership has applied the accounting rules concerning loss contingencies in regard to the treatment of this matter for financial reporting purposes. Representatives of the Partnership have discussed with representatives of Association No. The case does not currently have a trial date. The defense of the case is proceeding.
ALP LIQUIDATING TRUST - Current report filing (8-K) EXHIBIT
Employer Identification No. However, there can be no assurance this sale will take place. Zurich is providing a defense of each of the landscape cases. Cash and cash equivalents, beginning of year. The net loss per beneficial interest unit is based upon the number of units outstanding at the end of each period.
Amounts receivable from or payable to the Administrator or their respective affiliates do not bear interest and are expected to be paid in future periods. Waterproofing filed an answer to the amended complaint and Arvida has replied. Lexington joined Waterproofing and Zurich in its counterclaim alleged due to their interest in the outcome. The case has been returned to the trial court for further proceedings including trial. Cash and cash equivalents, end of year.
- Reflects indirect beneficial ownership of beneficial interest units held directly by the The St.
- Critical Accounting Policies.
- Lexington Insurance Company, Case No.
In addition, the Administrator may, subject to the proviso in the preceding sentence, distribute any of the Trust Property to the Beneficiaries in-kind. The liability also includes real estate taxes and other miscellaneous accruals. The occurrence of a material event will be determined solely by the Administrator or as may be required by any applicable rules and regulations promulgated by the Securities and Exchange Commission. These associations have not filed suit.
Smaller reporting Company. Evaluation of Disclosure Controls and Procedures. Actual future claims and contingencies could differ from the currently estimated amounts. As a result of the direct and beneficial ownerships of outstanding shares of common stock of The St.
ALP LIQUIDATING TRUST - Annual Report (K) PART I
Commitments and contingencies. Cash and cash equivalents. Capitalized terms used but not defined in this quarterly report have the same meanings as in the Annual Report.
Amounts receivable from or payable to the Administrator or its respective affiliates do not bear interest and are expected to be paid in future periods. Therefore, even those systems determined to be effective can only provide reasonable assurances with respect to financial statement preparation and presentation. The Partnership filed a motion to dismiss the case for lack of jurisdiction and a motion to stay. There is no public market for beneficial interest units. Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer.
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The motion to expand the class was withdrawn. Fire and an excess insurance carrier. Completion of the settlement with Association No.
ALP LIQUIDATING TRUST
Amount and Nature of Beneficial Ownership. The above selected consolidated financial data should be read in conjunction with the consolidated financial statements and the related notes appearing elsewhere in this annual report. Indicate by check mark whether the Registrant is a well-known seasoned issuer, as defined in Rule of the Securities Act. The liability also includes real estate taxes, mpenzi online and other miscellaneous accruals.
The remaining Partnership assets would be contributed to the Liquidating Trust subject to all outstanding obligations and liabilities of the Partnership. As noted above, under the terms of the Amendment, the General Partner is authorized, in its sole discretion, to complete the termination of the Partnership by forming a Liquidating Trust. As noted above, under the terms of the Amendment, the General Partner was authorized, in its sole discretion, to complete the liquidation of the Partnership by forming a Liquidating Trust. As a result of the Testamentary Trust's and the Foundation's respective direct and beneficial ownerships of outstanding shares of common stock of The St. It is intended as a trust to be governed and construed in all respects as a trust.
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There are pending motions to stay and for summary judgment which have not been set for hearing. The Partnership has no real estate assets located outside of the United States. These factors include the time and expense to resolve all obligations, liabilities and claims, including contingent liabilities and claims that are not yet asserted but may be made in the future.