David Pauker is a turnaround manager and restructuring advisor with more than 25 years of experience advising underperforming companies and their investors. to liquidate and distribute assets of the debtors in the Res Cap bankruptcy case. Ray has extensive experience as a chief restructuring officer and plan administrator in notable bankruptcy cases and situations involving Overseas Shipholding Group Inc., Nortel Networks Inc. The Trust’s mortgage assets include mortgage loans, servicer advances, interest income, real estate owned, trading securities, net of costs to sell the assets.
has served as our Chief Financial Officer since September 2014. Milligan served as the Company’s Executive Vice President of Corporate Finance and Capital Markets since July 2014, before which time he served as the Senior Vice President of Corporate Finance from January 2013 to July 2014 and the Director of Finance from January 2012 to January 2013. has served as our Executive Vice President – Acquisitions since July 2009. Engstrom served as an independent consultant to us providing acquisition and asset management support. Engstrom has over 24 years of experience in organizational leadership, acquisitions, management, asset management, project management, leasing, planning, facilities development, financing, and establishing industry leading real estate and facilities groups. Engstrom was the Chief Executive Officer of Insite Medical Properties, a real estate services and investment company. Engstrom served as a Manager of Real Estate Services for Hammes Company and created a new business unit within the company which was responsible for providing asset and property management. Engstrom also served as a hospital administrator of Good Samaritan Hospitals from 1987 to 1995 and as a Vice President of PM Realty Group from 1995 to 1998. Prior to joining Glenborough, from August 2005 to August 2006, Ms. has served as an independent director of the Company since September 2006. Blair served as the Chief Executive Officer, President and Chairman of the board of directors of Golf Trust of America, Inc. (NYSE MKT LLC: PTX)) from the time of its formation as a REIT and initial public offering in 1997 until his resignation and retirement in November 2007. Blair managed the acquisition, operation, leasing and disposition of the assets of the portfolio. Blair served as Executive Vice President, Chief Operating Officer and General Counsel for The Legends Group. Blair was responsible for all aspects of operations, including acquisitions, development and marketing. Blair was the managing partner at Blair Conaway Bograd & Martin, P. has served as an independent director of the Company since September 2006. De Wald was with the international accounting and auditing firm of KPMG, LLP, where he served at various times as an audit partner, a member of their board of directors and the managing partner of the Orange County, Los Angeles, and Chicago offices. De Wald has served as Chairman and director of both the United Way of Greater Los Angeles and the United Way of Orange County California. During his tenure with Candlewood Hotel Company, Inc., Mr. Peterson & Associates in Houston, Texas, providing counsel to select clients on leadership, management, governance and strategy, and is the author of The Mathis Maxims, Lessons in Leadership. Mathis held numerous leadership positions in organizations charged with planning and directing the future of healthcare delivery in the United States. Mathis was the founding President and Chief Executive Officer of The Methodist Hospital System in Houston, Texas, having served that institution in various executive positions for 27 years, including the last 14 years as Chief Executive Officer before his retirement in 1997. From October 1999 to December 2001, he was a partner in Warmington Wescombe Realty Partners in Costa Mesa, California, where he focused on real estate investments and financing strategies. Wescombe was a partner with Ernst & Young, LLP (previously Kenneth Leventhal & Company) from 1970 to 1999. During Foss’s career at GE he held many positions, the last of which was President, Olympic Sponsorship and Corporate Sales, a post he held from 2003 until his retirement in 2013.
degree in Accounting and Finance from Kent State University. From June 2003 to July 2007, he served in various corporate finance capacities at General Electric. Milligan holds a BS degree in Finance and Economics from Arizona State University and an MBA degree from the University of Chicago. has served as our Executive Vice President – Asset Management since December 2011. Houghton served as our Senior Vice President of Asset Management and Finance. Houghton served as our Vice President of Asset Management and Finance. Houghton comes from a varied background with experience in asset and joint venture management, acquisitions, dispositions, and corporate cash modeling and valuation. Houghton served as the Manager of Joint Ventures for Glenborough LLC in San Mateo, California, where she actively managed over two million square feet of retail/office properties and 400 acres of development land. has served as our SVP, Acquisitions since May 2016. Atkinson served as the Company’s Director of Acquisitions from September 2012 – May 2016. Atkinson joined the Company in 2012 and comes from a focused background in medical office and general office real estate investments. Atkinson served JDM Partners in her position as Real Estate Investment Specialist from June 2010 – September 2012. Atkinson was a medical office and general office investment broker for Grubb & Ellis BRE Commercial. Atkinson holds a BS degree in Finance from Arizona State University. He previously served as our Director of Financial Planning & Analysis since December 2013 and Assistant Controller since July 2012, when he joined the Company. Gershenson previously had served in various roles at BDO USA, LLP (formerly BDO Seidman, LLP) between October 2003 and June 2012, ultimately achieving the title of Senior Manager of Assurance Services, where he was focused on audits of public and private enterprises in the real estate, financial services, and insurance industries. Gershenson is a Certified Public Accountant in the State of California (inactive) and holds a B. degree in Accountancy from California State University, Northridge. degree in Business from Indiana University in Bloomington, Indiana and a Juris Doctorate degree from the University of North Carolina School of Law. Blair is a member of the American Bar Association and the North Carolina Bar Association. Until November of 2008, when he completed a process of dissolution, he served for five years as the Chief Executive Officer of WCH, Inc., formerly Candlewood Hotel Company, Inc., having served as its Executive Vice President, Chief Financial Officer and Secretary since 1995. Since 1998 he has served as an executive consultant with D. He is also director, Chief Financial Officer and Treasurer of the Arnold and Mabel Beckman Foundation, a nonprofit foundation established for the purpose of supporting scientific research. from December 2001 to January 2008 and has served as chairman of the trustees of G REIT Liquidating Trust since January 2008. He returned to GE in November of 2013, joining the GE Healthcare team to be responsible for the GE/NFL brain research effort which he was instrumental in starting before his retirement.
Prior to joining UBS, he was the chief executive officer of Braver Stern Securities from 2010-2011. Bonaventure University in 1980 and completed the Harvard Business School Advanced Management Program in 1992. He was also a member of the Board of MBIA Insurance Corporation and Capital Markets Assurance Corporation. Sonkin was Managing Director and Head of the Insured Portfolio Management Division. Sonkin was formerly senior partner and co-chair of the Financial Restructuring Department at the Wall Street law firm Cadwalader, Wickersham & Taft and a member of its Management Committee. Sonkin was a senior partner at the international law firm, King & Spalding, where he was co-chair of King & Spalding’s Financial Restructuring Group and a member of the firm’s Policy Committee. Are the assets held in bailment consolidated in the Liquidating Trust financial statements? The assets held in bailment are consolidated into the Liquidating Trust Financial Statements and are included in the appropriate line items on the Consolidated Statement of Net Assets in Liquidation, as follows: (in 000’s) The reduction in the assets held in bailment between December 17, 2013 and June 30, 2017 is primarily attributable to the initial distribution and the bank accounts of the Debtors being novated to the Liquidating Trust following the plan effective date.
Prior thereto, he spent 22 years at Bear Stearns, where he was executive vice president, chief operating officer and chief financial officer of The Bear Stearns Companies Inc. Additional assets were transferred to the Trust as circumstances warranted.
On February 3, Judge Martin Glenn of the United States Bankruptcy Court of the Southern District of New York denied defendants’ motions to dismiss four adversary proceedings brought by the liquidating trust for Residential Capital LLC against several originators of residential mortgage loans.
The court ruled that the Res Cap Liquidating Trust was the real party in interest and therefore had standing to pursue claims against the originators for breach of representations and warranties.
The most current financial information can be found in the Consolidated Financial Statements section of this website. Ray III was appointed Liquidating Trust Manager (“LTM”) on November 18, 2016. Ray served as Chief Counsel to the Trust from September 2015. Ray is Senior Managing Director of Greylock Partners, LLC. Ray has served in various capacities with respect to Chapter 11 bankruptcy estates. Ray served as Chief Restructuring Officer of Overseas Shipping Group and from 2014 to 2015, Chairman of the Board of Overseas Shipping Group. Ray has served as the principal officer of Nortel Networks, Inc. Ray served as the Chairman of the Restructuring Committee of the Board of GT Technologies. Ray was Chairman of the post confirmation Board of Enron Corporation and, from 2005 to 2009, President of post confirmation Enron Corporation.
Matt Doheny has over twenty years of experience in the distressed investing, turnaround and restructuring industry. Weber has over 35 years of experience in litigation support and expert witness work, restructuring consulting (both debtor and creditor) and auditing. Weber began his career at Price Waterhouse and served in a variety of positions and practices (including a 2-year foreign tour), leaving as a partner after 22 years.
The defendants also argued that the Trust lacked standing to sue with regard to loans that had been securitized, because a predecessor Res Cap entity had assigned its rights concerning those loans to third-parties.