United States Bankruptcy Court Central District of California (Santa Ana Division)
United States Bankruptcy Court Central District of California (Santa Ana Division)
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RON BENDER (SBN 143364) TODD M. ARNOLD (SBN 221868) LEVENE, NEALE, BENDER, YOO & BRILL L.L.P. 10250 Constellation Boulevard, Suite 1700 Los Angeles, California 90067 Telephone: (310) 229-1234; Facsimile: (310) 229-1244 Email: [email protected]; [email protected] Attorneys for Chapter 11 Debtors and Debtors in Possession UNITED STATES BANKRUPTCY COURT CENTRAL DISTRICT OF CALIFORNIA (SANTA ANA DIVISION) In re: WESTCLIFF MEDICAL LABORATORIES, INC., Debtor. _________________________________ BIOLABS, INC., Debtor. _________________________________ Affects Both Debtors Affects WESTCLIFF MEDICAL LABORATORIES, INC. only Affects BIOLABS, INC. only STIPULATION RESOLVING CLAIMS OF SPECIALTY LABORATORIES, INC. Case No. 8:10-bk-16743-TA Jointly Administered with Case No. 8:10-bk-16746-TA Chapter 11 Cases
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This Stipulation is entered into by (1) Westcliff Medical Laboratories, Inc. (Westcliff) and BioLabs, Inc. (BioLabs and, together with Westcliff, the Debtors) and (2) Specialty Laboratories, Inc. (Specialty) (collectively, the Parties), with reference to the following recitals of fact: RECITALS A. On May 19, 2010, the Debtors each filed voluntary petitions for relief under
chapter 11 of title 11 of the United States Code, sections 101 et seq. in the United States Bankruptcy Court for the Central District of California, Santa Ana Division (the Court). The Debtors have continued to manage their affairs as debtors in possession pursuant to 11 U.S.C. 1107 and 1108 since the Petition Date. B. Westcliff scheduled Specialty with a general unsecured claim in the amount of
$1,338,599.00 (the Scheduled Claim). C. Specialty filed Proof of Claim No. 168 (Claim No. 168) asserting a general
unsecured claim in the amount of $5,740,173.74. D. On September 21, 2011, the Parties filed their Stipulation Resolving True Up For
Services Rendered By Specialty Laboratories, Inc. to Westcliff Medical Laboratories, Inc. For the Period May 1, 2010 Through June 14, 2010 (the Prior Stipulation) [Docket No. 563]. E. On October 7, 2011, the Court entered an order approving the Prior Stipulation
(the Order) [Docket No. 588]. F. Pursuant to the Prior Stipulation and Order, the Court, among other things, (a) set
Specialtys administrative claim related to a particular Term (as defined in the Prior Stipulation), and (b) adjusted Claim No. 168 downward to $5,646,729.19 (Adjusted Claim No. 168) based on the amount set as Specialtys administrative claim related to the Term and payments to be made to Specialty under the Stipulation and Order for such administrative claim. G. The Parties have analyzed and discussed the foregoing claims and reached an
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STIPULATION WHEREFORE, based on the foregoing Recitals, which are incorporated herein by this reference, the Parties hereby agree and stipulate as follows: 1. duplicative. 2. Adjusted Claim No. 168 shall be deemed to be allowed as a general unsecured The Scheduled Claim shall be deemed to be disallowed in its entirety as
claim in the amount of $3,500,000.00 and shall not be subject to any further reduction, objection, disallowance, expungement, subordination, offset or avoidance (Allowed Claim No. 168); the balance of Adjusted Claim No. 168 shall be deemed to be disallowed in its entirety. Allowed Claim No. 168 shall be paid in accordance with the First Amended Chapter 11 Liquidating Plan of Reorganization. 3. Other than claims dealt with prior to this date that have already been satisfied and
Allowed Claim No. 168, Specialty shall be deemed to have no other claims against the Debtors or their estates. 4. Nothing in this stipulation shall affect or impair any prior agreement between the
parties and/or order from the Court, including but not limited to any agreement or order waiving or releasing any avoidance action claims under Chapter 5 of the Bankruptcy Code against Specialty. 5. The Court has and shall retain exclusive jurisdiction over this Stipulation and the
issues raised herein. 6. 7. The terms of this Stipulation are binding and not mere recitals. This Stipulation contains the entire agreement between the Parties relating to
Specialtys remaining unsecured claim and may not be amended except by written agreement between the Parties.
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8.
counterparts when taken together shall constitute an original of one and the same document. Counterparts may be transmitted by facsimile, electronic mail or other electronic means. IT IS SO STIPULATED.
Dated: April 12, 2012 SHARON Z. WEISS BRYAN CAVE LLP BRETT D. FALLON CARL N. KUNZ, III MORRIS JAMES LLP By: /s/ Sharon Z. Weiss . SHARON Z. WEISS Attorneys for Specialty Laboratories, Inc.
/s/ Todd M. Arnold . RON BENDER TODD M. ARNOLD JOHN-PATRICK M. FRITZ LEVENE, NEALE, BENDER, YOO & BRILL L.L.P. Attorneys for Chapter 11 Debtors and Debtors in Possession
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NOTE: When using this form to indicate service of a proposed order, DO NOT list any person or entity in Category I. Proposed orders do not generate an NEF because only orders that have been entered are placed on the CM/ECF docket.
This form is mandatory. It has been approved for use by the United States Bankruptcy Court for the Central District of California. August 2010
F 9013-3.1.PROOF.SERVICE
Case 8:10-bk-16743-TA
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I. TO BE SERVED BY THE COURT VIA NOTICE OF ELECTRONIC FILING (NEF) Raymond G Alvarado [email protected] Todd M Arnold [email protected] Phillip Ashman [email protected], [email protected];[email protected] Richard L Barnett [email protected], [email protected] Ron Bender [email protected] Eric S Bershatski [email protected] Ronald K Brown [email protected] Donald H Cram [email protected] Jennifer Witherell Crastz [email protected] Ryan S Fife [email protected], [email protected];[email protected] Carol J Fogleman [email protected] Anthony A Friedman [email protected] John-patrick M Fritz [email protected] Jeffrey K Garfinkle [email protected], [email protected];[email protected];[email protected] Fredric Glass [email protected] Nancy S Goldenberg [email protected] D Edward Hays [email protected], [email protected] Michael J Heyman [email protected] Mark D Houle [email protected] Jacqueline L James [email protected] Jeff D Kahane [email protected] Andy Kong [email protected] Rodger M Landau [email protected], [email protected] Matthew A Lesnick [email protected] Michael B Lubic [email protected] Frank F McGinn [email protected] Elissa Miller [email protected], [email protected] Kerry A Moynihan [email protected], [email protected] Aram Ordubegian [email protected] Ernie Zachary Park [email protected] Richard Park [email protected] Justin E Rawlins [email protected], [email protected] Benjamin Seigel [email protected], [email protected] David B Shemano [email protected] Philip E Strok [email protected] United States Trustee (SA) [email protected] Howard J Weg [email protected] Sharon Z Weiss [email protected], [email protected] Joseph M Welch [email protected], [email protected];[email protected] Johnny White , [email protected];[email protected];[email protected]
This form is mandatory. It has been approved for use by the United States Bankruptcy Court for the Central District of California. August 2010
F 9013-3.1.PROOF.SERVICE