It is not fair to Claimant, against whom these meritless claims have been brought, to be left guessing as to whether or not there are briefs that will be filed, who the parties are or will be, and what the latest baseless argument may arise on behalf of Claimants.

 

ALL PARTIES ARE THEREFORE ADVISED that it is the intention of Claimants that ANY prejudice befalling them as a result of these matters will be the subject of a Motion for Intervention before a federal court of competent jurisdiction which shall include an application for ALL costs, fees and disbursements resulting therefrom.

 

 

Dear Parties,

 

The ICDR confirms that Claimant has not requested to withdraw its claim.  We thank Mr. Kasell for providing contact information for Claimant.  As the participation of Jeffry Schneider has been a sensitive issue, we will forward today’s emails to Mr. Lapkin only; however, Claimant may subsequently request that additional persons be notified.  Additionally, following this email, we will cease copying Mr. Kasell (and his law firm) on our communications.

 

Finally, the financial obligations of both parties remain in effect.  While the ICDR may administratively move payment deadlines, the hearing is currently scheduled to begin on October 12, 2010 and, in our discretion, it would not be fair to the arbitrator to postpone the October 1 payment deadline any further.  If we are not fully funded by October 1, we must inform Mr. Martins, who has the authority to suspend or terminate the proceedings.  Please keep in mind that any unused deposits will be returned at the co nclusion of the proceedings.

 

Regards,

 

Adam Jaffee

 

 

 

 

Mr. Jaffee,

 

As you are aware we simply resigned as counsel.  Claimants have not requested that the matter be discontinued (with or without prejudice)  and I am not aware of the mechanism by which ICDR could do that.

 

In the absence of information for any incoming counsel for Claimant and/or Jeffry Schneider, the ICDR should contact both:

 

Nathan Lapkin:  nathan@puritansecurities.com  (203) 635- 4380

 

and

 

Jeffry Schneider  JSchneider@onyx-cap.com and jschneider@virtusrei.com 

Onyx Capital

6836 Bee Caves Road, Suite #245

Austin, Texas 78746

 

and

 

Jeffry Schneider

Virtus Real Estate Investments

7004 Bee Caves Rd

Building 3 Suite 300

Austin,  TX 78746

 

I am not sure which contact information for Mr. Schneider is best.

 

From: Adam Jaffee [mailto:JaffeeA@adr.org]
Sent: Friday, September 17, 2010 12:07 PM
To: David Kasell
Cc: Marc X. LoPresti
Subject: RE: Resignation as counsel in ICDR Case No.: 50 148 T00030 10 (Puritan Securities, Inc. v. Paradigm Capital Management, LLC and Paradigm Global Advisors, LLC)

Mr. Kasell,

 

Please advise who should receive notice for Claimant moving forward.  Until provided a contact person with address, email and phone number, I will continue to copy you on emails.  Thank you for your understanding.

 

Regards,

 

Adam Jaffee

 

 

 

             

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