Noble Trust Liquidation Information

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Recent News

• March 28, 2013
  The Liquidator filed a Notice of Effective Date of the Court's Order Approving the Settlement of the Directors' and Officers' suit and the suit against CPA Walsh.
• February 26, 2013
  

  Order Granting Motion Liquidator's Assented-To Motion to Substitute Exhibits to Motion to Approve Settlement and Release Agreement with PHL Variable Insurance Company.

• February 26, 2013
  

  Liquidator's Assented-To Motion to Substitute Exhibits to Motion to Approve Settlement and Release Agreement with PHL Variable Insurance Company

• January 18, 2013
  Court's Order granting Liquidator's Motion to Approve Procedure for Review of Settlement Agreement with Director and Officer Parties.
  Court's Notice of Hearing on Motion for Approval of Settlement Agreement with Director and Officer Parties.
• January 17, 2013
  Motion for Approval of Settlement Agreement with Director and Officer Parties
  Motion to Approve Procedures for Review and Notice and Objection Procedures re Director and Officer Parties.

• December 5, 2012
  Order Establishing Settlement Agreement Review Procedures.
• November 29, 2012
  Court's Notice of Hearing on Settlement Motions.
  Order Approving Notice and Objection Procedures for Hearings on Motions for Approval of Settlement and Release Agreements.
• November 28, 2012
  Notice of Insurance Settlements, Hearing Date, and Objection Deadline.
  Order vacating stay in Liquidation proceeding.
  Order vacating stay in suit against directors and officers.
  Order vacating stay in fraudulent transfer cases.
• November 14, 2012
  The Liquidator's Second Interim Status Report has been filed with the Court.
  The Liquidator's Expedited Motion to Approve Notice and Objection Procedures for Hearings on Motions for Approval of Settlement and Release Agreements was also filed with the Court.
• November 13, 2012 - The Merrimack County Superior Court has scheduled a status conference for all matters pending before that court on November 20, 2012 at 1:30.
• April 17, 2012 – Liquidator's Motion to Approve Notice and Objection Procedures for Hearing on Motion for Approval of Settlement  .
• April 17, 2012 – Liquidator's Motion for Approval of Settlement and Release Agreement with PHL Variable Insurance Company (redacted in accordance with the February 26, 2013 order) .
• January 10, 2012 – The Office of Noble Liquidation has a new phone number: 603-625-6733.

Court Filings

• October 12, 2011 – Letter to Supreme Court Withdrawing Rule 11 Petition  .
• September 29, 2011 – Merrimack County Superior Court’s Order on Liquidator’s Motion to Reassign Stayed Cases  .
• September 9, 2011 – On September 9, 2011, the Liquidator filed a Petition in the New Hampshire Supreme Court   seeking an order compelling the Merrimack County Superior Court to lift the stays.
• February 22, 2011 – The Liquidator filed a Motion to Reassign the Stayed Cases   to the Acting Chief Justice of the Superior Court.
• January 19, 2011 – The Court issued an order again indefinitely staying matters involved in the liquidation  pending receipt by the Court of funding for the Senior justice formerly assigned to this case.
• November 3, 2010 – The Merrimack County Superior Court issued an order lifting the stay on matters relating to the liquidation  of Noble Trust Company.
• August 6, 2010 – The Court entered three recent orders staying the liquidation proceeding, the Director’s and Officer’s Suit and certain other litigation indefinitely.
  • The June 17, 2010 order 
  • The June 25, 2010 order 
  • The July 28, 2010 order 
  • The Successor Liquidator’s letter concerning the stay 
• June 21, 2010 – Deputy Bank Commissioner Robert Fleury recently filed a Noble Trust Plan of Liquidation.
  • Press release 
  • Plan of Liquidation 
• June 21, 2010 – Deputy Bank Commissioner Fleury recently filed a Proposed Order Concerning Claims Procedures .
• April 1, 2010 – The Liquidator recently filed a lawsuit pertaining to certain insurance policies  involved in the liquidation.
• March 5, 2010 – Court’s Order re Schedule for Filing Liquidation Plan and Adjudication Procedures 
• March 4, 2010 – Liquidator’s Interim Status Report 
• February 11, 2010 – Court’s Order Granting Liquidator’s Motion for Approval of Lindsey Settlement Agreement 
• January 15, 2010 – Liquidator’s Petition to Set Aside Fraudulent Transfers, for Damages and for Other Relief 
• November 24, 2009 – Liquidator’s Motion for Approval of Settlement Agreement with (and Stipulated Judgment Against) Colin Lindsey. Motion to Approve Notice and Objection Procedures for Hearing on same.
  • Motion for Approval of Settlement Agreement 
  • Motion to Approve Notice and Objection Procedures 
• November 13, 2009 – Order approving Consent to Judgment by Balcarres in connection with Petition for Damages and Permanent Injunction against Balcarres LLC filed on November 10, 2009, by NH Bank Commissioner in his capacity as Noble trust Liquidator. Order results in transfer of all Balcarres assets and property to Liquidation Estate.
  • The Petition 
  • The court order 
• July 13, 2009 – Writ of Summons for Michael J Walsh, dba Walsh & Associates 
• July 7, 2009 – Court’s Order Approving Liquidator’s Proposed Order for Approval of Settlement and Release Agreement Between Liquidator and PHL Variable  
• June 29, 2009 – Proposed Order on Liquidator’s Motion for Approval of Settlement and Release Agreement, modified to address certain objections  
• May 26, 2009 – Motion of Stanley D. Miller to Continue the Hearing on the Liquidator’s Motion for Approval of Settlement and Release Agreement with PHL Variable Insurance Company Granted 
• May 4, 2009 – NH Banking Commissioner Peter C. Hildreth, acting in his capacity as Noble Trust Liquidator, has filed with the Merrimack County Superior Court a Liquidator’s Register of Claims in connection with the Liquidation Procedure of the Noble Trust Company and Aegean Scotia Holdings, LLC.
  • The court filing 
• April 27, 2009 – NH Banking Commissioner Peter C. Hildreth, acting in his capacity as Noble Trust Liquidator, has filed suit against the Noble Trust officers and directors.
• The Press Release 
• The Petition 

• April 21, 2009
  • Liquidator’s Motion for Approval of Settlement and Release Agreement with PHL Variable Insurance Company 
  • Notice of Hearing 
• December 19, 2008
  • Memorandum of Law of the Liquidator in Opposition to Stanley Miller Motion for Temporary Injunctive Relief 
  • Liquidator’s Motion for Approval of Settlement and Release Agreement with PHL Variable Insurance Company 
• September 5, 2008 – Pursuant to NH RSA 395:6, New Hampshire Banking Commissioner Peter C. Hildreth has filed an Inventory Report for the Noble Trust Company Liquidation .
• June 11, 2008 – The Superior Court for Merrimack County, New Hampshire has entered an Order to Clarify the Order Appointing Liquidator , entered March 30, 2008.
• April 10, 2008 – Pursuant to NH RSA 395:13 and in connection with the Merrimack County Superior Court Order dated March 27, 2008, the New Hampshire Banking Department Commissioner has mailed the following Proof of Claim documents “to all persons whose names appear as creditors upon the books of the institution so far as their addresses are known.”
  • Proof of Claim Form 
  • Proof of Claim Form 
  • Proof of Claim Form Instructions 
• April 4, 2008 – The Commissioner of the New Hampshire Banking Department hereby gives notice, pursuant to NH RSA 395:7, that he has taken possession of the property and business of Noble Trust Company.
  • Notice of Possession 
• April 1, 2008 – On March 27, 2008 The Superior Court for Merrimack County, New Hampshire entered an order appointing Banking Department Commissioner Peter C. Hildreth, as Liquidator for Noble Trust Company.
  • Press Release 
  • Liquidation Order 
  • Robert A. Fleury, Deputy Bank Commissioner appointed Agent by Commissioner Hildreth 

Other Activities

• October 27, 2009 – Former Officers of Noble Trust Company Sentenced 
• August 19, 2009 – The NH Bank Commissioner in his capacity as Noble Trust Liquidator completed negotiations with Chubb Insurance and collected $1 million for the benefit of the Liquidation Estate due to a $1 million fidelity bond protecting against dishonest acts that the NHBD required Noble to carry.

 

Press Releases

• April 22, 2009 – US Attorney’s Press Release announcing the Plea Agreement with Colin P. Lindsey
• April 2, 2009 – US Attorney’s Press Release announcing the Plea Agreement with Lisa Elliott
• March 5, 2009 – U.S. Attorney’s Announcement on Noble Trust Company
  Statement from Banking Commissioner Hildreth 
• July 30, 2008 – Please note that the deadline to submit claims against Noble Trust has been revised (extended) to August 11, 2008.
  Claims must be received no later than 6:00 p.m. at PO Box 2765, Concord NH 03302.
• June 26, 2008 – Please note that the Noble Trust Company has a new phone number: (603) 228-9009 and a new fax number: (603) 228-8009.
• April 7, 2008 – Pursuant to RSA 395:7 the New Hampshire Banking Department has placed Legal Notices in several newspapers regarding claims