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1 Thomas W. McNamara
info@regulatoryresolutions.com
2 655 West Broadway, Suite 1600
San Diego, California 92101
3 Tel.: 619-269-0400
Fax: 619-269-0401
4
Court-Appointed Monitor
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Abran E. Vigil (NV 7548)
6 vigila@ballardspahr.com
BALLARD SPAHR LLP
7 100 North City Parkway, Suite 1750
Las Vegas, Nevada 89106-4617
8 Tel.: 702-471-7000
Fax: 702-471-7070
9
Edward Chang (NV 11783)
10 echang@mcnamarallp.com
Daniel M. Benjamin (pro hac vice)
11 dbenjamin@mcnamarallp.com
Sanjay Bhandari (pro hac vice)
12 sbhandari@mcnamarallp.com
Sara J. OConnell (pro hac vice)
13 soconnell@mcnamarallp.com
MCNAMARA SMITH LLP
14 655 West Broadway, Suite 1600
San Diego, California 92101
15 Tel.: 619-269-0400
Fax: 619-269-0401
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Attorneys for Court-Appointed Monitor
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25 Relief Defendants.
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Case 2:12-cv-00536-GMN-VCF Document 1151 Filed 06/15/17 Page 2 of 5
2 Glenn Fisher (Fisher) and 5G Capital, LLC (5G Capital, and collectively, the 5G Capital
3 Parties) jointly move the Court for an Order Approving Settlement Agreement with Fisher and
4 5G Capital. Plaintiff Federal Trade Commission (FTC), Defendants Scott Tucker, AMG
5 Capital Management, LLC, Level 5 Motorsports, LLC, Black Creek Capital Corporation, and
6 Broadmoor Capital Partners (collectively, Tucker Defendants), and Relief Defendants Kim
7 Tucker and Park 269, LLC (together, Relief Defendants) have stated that they do not oppose
8 this motion.
9 In April 2015, Westfund LLC provided a loan of $3.5 million to 5G Capital who then
10 funded a loan of $3.5 million to eProdigy Financial, LLC (eProdigy Financial), Capital Stack,
11 LLC, (Capital Stack) and eProdigy Loans, LLC, (eProdigy Loans) (collectively the
14 Participation Rights Agreement, First Amended and Restated Limited Liability Company
15 Agreement of eProdigy Financial, and Master Participation Agreement all dated April 15, 2015
17 After the Monitor interviewed Fisher in March 2017, Fisher agreed to abandon his claim
18 to the $3.5 million and the Loan Transaction Closing Documents in exchange for a release of
19 rights and responsibilities. As a result, the Monitor and the 5G Capital Parties have reached a
21 attached hereto as Exhibit A (without its attachments, as those attachments are this Joint Motion,
22 corresponding [Proposed] Order, Allonge, Omnibus Assignment, and UCC Financing Statement
23 Amendments).
24 The 5G Capital Parties agreed to assign the Loan Transaction Closing Documents to the
25 Monitor, turnover 5G Capitals bank accounts and payments from eProdigy Non-Parties, and
26 provide certain documents. The Monitor believes this resolution represents the best outcome for
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Case 2:12-cv-00536-GMN-VCF Document 1151 Filed 06/15/17 Page 3 of 5
1 If the Court is satisfied with the Agreement, the Monitor and the 5G Capital Parties ask
2 that the Court issue an order approving the Agreement and that the Court retain jurisdiction to
3 interpret and enforce the Agreement. If the Court wishes to further inquire about the matter first,
4 the Monitor asks that the Court set this motion for a hearing or otherwise instruct the Monitor to
6 Accordingly, the Monitor and the 5G Capital Parties hereby jointly ask that the Court
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Case 2:12-cv-00536-GMN-VCF Document 1151 Filed 06/15/17 Page 4 of 5
1 CERTIFICATE OF SERVICE
2 I hereby certify that on the 15th day of June, 2017, pursuant to Fed. R. Civ. P. 5(b), I
served via CM/ECF or delivered by email and mailing in the U.S. Mail a true and correct copy of
3 the foregoing a true and correct copy of the foregoing JOINT MOTION TO APPROVE
PROPOSED SETTLEMENT AGREEMENT WITH GLENN FISHER AND 5G
4 CAPITAL, LLC, postage prepaid and addressed to the following:
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Case 2:12-cv-00536-GMN-VCF Document 1151 Filed 06/15/17 Page 5 of 5
12 Attorneys for Intervenor Americans for Attorneys for Glenn Fisher and 5G Capital,
Financial Reform LLC
Ballard Spahr LLP
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/s/ Edward Chang
15 Edward Chang
Attorneys for the Court-appointed Monitor,
16 Thomas W. McNamara
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