FOY & ASSOCIATES RIVERSTONE CASES

FOY AND ASSOCIATES RIVERSTONE CASES

PETITION FOR COORDINATION

TENTATIVE RULING

Grant petition for coordination; suggest the Los Angeles Superior Court is the appropriate venue for the coordinated action to be heard; designate the Second Appellate District as the as the reviewing court with appellate jurisdiction which will promote the ends of justice, as determined under CCP §404.1 (pursuant to CCP §404.2 and CRC 3.505(a))

DISCUSSION

I. Background

These cases all arise out of the receivership and liquidation proceeding of Riverstone Capital, LLC and its affiliates (collectively, “Riverstone”) in Acosta v. Riverstone Capital, LLC, et al., Case No. 19-CV-778-MWF (MAAx) in the United States District Court for the Central District of California (the “Riverstone Liquidation). The plaintiff in the Riverstone Liquidation is the Secretary of Labor, Alexandra Acosta. The Department of Labor (“DOL”) placed ........