EMAIL DETAILS

From: Marc X. LoPresti [mailto:mxl@tlcorplaw.com]
Sent: Friday, September 17, 2010 2:09 PM
To: Adam Jaffee; nathan@puritansecurities.com
Cc: 'David Kasell'; 'Martins, Eric'
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)
Importance: High


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.

Marc X. LoPresti, Esq.
Tagliaferro & LoPresti, LLP

New York Office:
45 Broadway, Suite 2200
New York, New York 10006
(212) 732-4029
(212) 232-2398 (fax)

Los Angeles Office:
12400 Wilshire Boulevard, Suite 820
Los Angeles, California 90025
(310) 312-1860
(310) 445-1866

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From: Adam Jaffee [mailto:JaffeeA@adr.org]
Sent: Friday, September 17, 2010 1:40 PM
To: Marc X. LoPresti; 'nathan@puritansecurities.com'
Cc: 'David Kasell'; 'Martins, Eric'
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)


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 conclusion of the proceedings.


Regards,


Adam Jaffee


_____

From: David Kasell [mailto:dkasell@sglawyers.com]
Sent: Friday, September 17, 2010 1:19 PM
To: Adam Jaffee
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. 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


_____

From: David Kasell [mailto:dkasell@sglawyers.com]
Sent: Thursday, September 16, 2010 10:30 AM
To: Adam Jaffee
Cc: Marc X. LoPresti
Subject: Resignation as counsel in ICDR Case No.: 50 148 T00030 10 (Puritan
Securities, Inc. v. Paradigm Capital Management, LLC and Paradigm Global
Advisors, LLC)


Re: Puritan Securities, Inc. v. Paradigm Capital Management, LLC and
Paradigm Global Advisors, LLC;

ICDR No.: 50 148 T00030 10


Gentlemen,


Effective immediately Sadis & Goldberg is resigning as counsel in the above
referenced matter.


David M. Kasell | Sadis & Goldberg LLP | Email:DKasell@SGLawyers.com |
<file:///C:\Documents%20and%20Settings\dkasell\Application%20Data\Microsoft\
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