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UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK
In re ) ) Chapter 7 Case MAGNESIUM CORPORATION OF ) AMERICA, et al., ) Case No. 01-14312 (MKV) ) Debtors ) Jointly Administered )
THIRTY-THIRD INTERIM STATUS REPORT OF CHAPTER 7 TRUSTEE
Lee E. Buchwald, as chapter 7 trustee of the estates of Magnesium Corporation of
America (“MagCorp”) and Renco Metals, Inc. (“Metals”) (together, the “Debtors”), as and for
his thirty-third interim status report, respectfully represents as follows:
Preliminary Statement
1. On August 2, 2001 (the “Petition Date”), MagCorp and Metals each filed a voluntary
petition for relief under chapter 11 of the Bankruptcy Code. The Debtors remained in possession
of their respective properties and management of their respective businesses as debtors in
possession under sections 1107 and 1108 of the Bankruptcy Code until April 14, 2003. The case
was initially assigned to U.S. Bankruptcy Judge Robert E. Gerber, but upon his retirement from
the bench in 2016, the case was reassigned to U.S. Bankruptcy Judge Mary Kay Vyskocil.
2. On March 3, 2003, the Court entered an order granting that portion of the Motion of
the Ad Hoc Committee of Senior Noteholders for the appointment of a chapter 11 trustee and
directing the United States Trustee to appoint a chapter 11 trustee. On April 14, 2003, this Court
entered an order granting the application of the United States Trustee to appoint me as the
chapter 11 trustee in these cases. By order dated September 25, 2003, on my motion, the
Debtors’ cases were converted to cases under chapter 7 of the Bankruptcy Code. On
September 25, 2003, I was appointed chapter 7 trustee of the Debtors’ estates.
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Background
3. Prior to my appointment, on February 28, 2002, the Debtors filed their First Amended
Joint Plan of Reorganization (the “Plan”) and accompanying disclosure statement (the
“Disclosure Statement”). The Disclosure Statement was never approved by this Court and the
Plan was never confirmed. Rather, the Debtors sought and obtained authority to sell
substantially all of their assets (the “Asset Sale”) to U.S. Magnesium, LLC (“US Mag”), an
affiliate of Ira Leon Rennert (“Rennert”), Chairman and Chief Executive Officer of Metals and
The Renco Group, Inc. (“Renco Group”), a non-debtor entity which owns Metals. Upon
information and belief, the Asset Sale was consummated on June 24, 2002, and since that time
the Debtors have had no business operations.
4. Since 1993, MagCorp has been a subsidiary of Metals. Metals is a holding company
with no operations of its own. Metals is or was a wholly owned subsidiary of Renco Group,
which is beneficially owned by Rennert, directly or through trusts established by him for the
benefit of himself or members of his family (the “Trusts”).
5. Prior to consummation of the Asset Sale, MagCorp was engaged in the production of
magnesium extracted from the brine of the Great Salt Lake in Utah. MagCorp’s magnesium
production operations were conducted at a facility in Rowley, Utah (“Rowley Facility”), adjacent
to the southwestern shore of the Great Salt Lake. The Rowley Facility comprised approximately
4,525 acres, and was the largest producer of magnesium in the United States, and one of the
largest magnesium producers in the world.
6. Upon information and belief, MagCorp’s operations gave rise to substantial
environmental liabilities. On January 16, 2001, the United States of America, acting at the
request of the United States Environmental Protection Agency (“EPA”), filed suit in the United
States District Court in Utah, United States v. Magnesium Corporation of America, Inc. et al .,
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case number 2:01 CV 040, seeking injunctive relief and civil penalties for various alleged
violations of environmental laws and regulations occurring over a period of at least five years
preceding January 2000, as well as $900 million in civil penalties, against the Debtors, Renco
Group, the Trusts, Rennert, and US Mag (which was added as a defendant after consummation of
the sale of the Debtors’ assets). The EPA’s complaint is predicated on, inter alia, illegal
treatment, storage and disposal of hazardous wastes.
7. In July 1996, Metals sold $150 million in 11-½% senior notes due 2003 (“Senior
Notes”). The Senior Notes were guaranteed by MagCorp. Rennert, Renco Group and others
acting in concert with them caused more than half of the proceeds of such notes to be conveyed
to Renco Group in the form of dividends and redemption of preferred stock previously issued by
Metals, which was held by Renco Group. Such conveyances rendered the Debtors insolvent,
even without giving effect to the Debtors’ potential environmental liabilities. Thereafter,
Rennert and Renco Group caused the Debtors to pay additional funds to insiders in the form of
dividends and bonuses while the Debtors were insolvent.
Conversion to Chapter 7
8. Upon my appointment as chapter 11 trustee, in fulfillment of my duties under
section 1106 of the Bankruptcy Code, I commenced an investigation regarding the Debtors’
financial affairs. As a result of this investigation, I determined that the Debtors sold substantially
all of their assets in June 2002 and no longer operated any businesses or owned any real
property; that the amount of cash and cash equivalents then held by the Debtors was less than the
allowed amount of unpaid chapter 11 administrative expense claims; that substantial
unliquidated administrative expense claims had been asserted; that absent a substantial recovery
in the Renco Group Litigation (defined below), it appeared that the Debtors’ estates were
administratively insolvent; that it would not be feasible for the Debtors to propose a confirmable
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plan in the foreseeable future; that continued administration under chapter 11 served no purpose
other than to cause the estates to continue to incur administrative expenses that could not be paid;
and that the vital task of prosecuting the Renco Group Litigation could be accomplished far more
efficiently under chapter 7. Based on the foregoing, I moved to convert the Debtors’ cases to
cases under chapter 7. After such motion was granted and I was appointed chapter 7 trustee
herein, I had the bank accounts I had been maintaining as chapter 11 trustee designated as
accounts in my name as chapter 7 trustee.
Renco Group Litigation
9. I believe that the pre-petition conduct of Rennert, Renco Group and other persons and
entities acting in concert with them and/or with entities controlled by them caused substantial
harm to the Debtors and their creditors. On July 31, 2003, my special litigation counsel, Beus
Gilbert PLLC (“Beus Gilbert”), commenced adversary proceeding 03-6559 in the Bankruptcy
Court, which as described below was subsequently tried before a jury in the District Court (the
“Renco Group Litigation”), against Renco Group, Rennert, et al. (the “Defendants”). The claims
asserted in the Renco Group Litigation include those based on, inter alia, fraudulent conveyance,
aiding and abetting fraudulent conveyance, breach of fiduciary duty, aiding and abetting breach
of fiduciary duty, negligence/professional malpractice, breach of contract, negligent
misrepresentation, conspiracy, corporate waste and mismanagement, unjust enrichment, and
declaration and receipt of unlawful dividends and wrongful redemption of stock in violation of
Delaware law.
10. On or about November 14, 2003, my special counsel filed an amended complaint. In
January 2004, most Defendants moved to dismiss the amended complaint, and several
Defendants moved to withdraw the reference of the Renco Group Litigation to the District Court.
At the first pre-trial conference, the Court granted Defendants’ motion to limit discovery pending
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determination of the motions to dismiss. I filed papers opposing both the motions to dismiss and
the motions to withdraw the reference. By decision and order dated May 20, 2004, United States
District Judge Richard Conway Casey denied the motions to withdraw the reference. Hearings
on the motions to dismiss the amended complaint were conducted on November 12 and 15,
2004, at which time Judge Gerber reserved decision.
11. By motion dated May 5, 2005, my special counsel sought Court approval of a
stipulation settling all disputes with Keith Sabel and K. Sabel Holdings, Inc., two minor
Defendants in the Renco Group Litigation, for $75,000. The motion was heard and granted on
July 12, 2005, and the settlement was consummated soon thereafter. At the July 12, 2005
hearing, the Court also modified its prior ruling limiting discovery to permit my counsel to
depose Mr. Sabel, and to permit document production in connection therewith. The deposition
of Mr. Sabel was conducted on January 16, 2006.
12. By motion dated February 18, 2008, I sought entry of an order, pursuant to
Rules 7026 and 7030 of the Federal Rules of Bankruptcy Procedure and Rules 26 and 30 of the
Federal Rules of Civil Procedure, dissolving the stay of discovery and authorizing me to proceed
with discovery in the Renco Group Litigation, including without limitation requests for
production of documents and depositions of both parties and non-parties. All of the Defendants
interposed objections. At the hearing conducted on April 2, 2008, Judge Gerber denied my
motion to dissolve the stay of discovery, without prejudice to renew after 90 days, because Judge
Gerber believed that there was a reasonable chance that he would issue a ruling on the motions to
dismiss within such timeframe.
13. After expiration of such 90-day period, I renewed my motion to dissolve the stay of
discovery. At the hearing conducted on August 13, 2008, Judge Gerber (a) advised that the
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claims against the four professional firm Defendants were not likely to survive the motions to
dismiss, and (b) granted my motion in part, ruling that document discovery could proceed on the
claims for relief that were likely to survive the motions to dismiss, e.g., fraudulent transfers,
preferences, breach of fiduciary duty by directors and officers, declaration of illegal dividends,
wrongful redemption. Thereafter, my special counsel prepared and served revised requests for
production of documents.
14. By decision dated January 16, 2009, the Court dismissed all of the estates’ claims
against the four professional Defendants based on the doctrine of imputation under the so-called
Wagoner rule but upheld most of my claims against the other Defendants. The remaining claims
included fraudulent conveyance and breach of fiduciary duty claims in excess of $100 million
against former officers, directors and/or shareholders of the Debtors, which I prosecuted
aggressively to a successful conclusion.
15. On May 11, 2010, I filed a motion seeking authority to retain and employ one or
more consulting and testifying experts in connection with the Renco Group Litigation without
the need to disclose the identity of such experts or the nature of such engagements at this time.
The purpose of this motion was to avoid giving an unfair advantage to the Defendants, because
they were free to retain experts without having to disclose any information at that time. On
June 16, 2010, the motion was granted over the opposition of the Defendants in the Renco Group
Litigation, and thereafter I engaged four experts to assist in prosecution of the Renco Group
Litigation.
16. On July 1, 2010, the Court granted in part Defendants’ motion to restrict the scope of
discovery on environmental claims in light of a ruling in the DOJ Action dismissing certain of
the environmental claims that had been brought under the Resource Conservation and Recovery
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Act or RCRA. Thereafter, the 10 th Circuit Court of Appeals reversed and remanded the decision
of the District Court dismissing the RCRA environmental claims. As a result, my special
counsel negotiated a stipulation with Kaye Scholer, Defendants’ then counsel, under which the
scope of discovery on environmental claims was broadened, and discovery taken in the DOJ
Action may be used in the Renco Group Litigation (subject to confidentiality restrictions).
17. Thereafter, both the District Court in the DOJ Action and the Bankruptcy Court in
the Renco Group Litigation approved stipulations allowing discovery taken in the DOJ Action to
be used in the Renco Group Litigation (subject to confidentiality restrictions). In light of these
developments and subsequent scheduling difficulties, the deadlines for the completion of fact
discovery and expert discovery were extended several times. In August 2011, I accompanied my
experts in the Renco Group Litigation on a plant tour of MagCorp’s former magnesium
production facility in Rowley, Utah. The parties began exchanging expert reports in May 2012,
and thereafter conducted depositions of expert witnesses.
18. On March 15, 2013, the parties filed motions for summary judgment and related
pleadings, and Defendants filed motions to preclude the testimony of two of my experts. On
May 6, 2013, the parties filed responses to each other’s motions. Reply papers were filed June 7,
2013. Oral argument on the motions for summary judgment and related motions to preclude
testimony was conducted on July 24, 2013.
19. At the conclusion of the July 24, 2013 hearing, the Bankruptcy Court issued its
ruling denying the Defendants’ motions to preclude the testimony of two of my experts. At a
further hearing conducted on July 30, 2013, the Bankruptcy Court issued its ruling: (a) granting
Defendants’ motion for summary judgment in part to the extent of dismissing in their entirety my
claims for negligent misrepresentation set forth in Counts 28 and 36 of my Amended Complaint,
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and otherwise denying Defendants’ motion for summary judgment in all respects; and
(b) granting my motion for partial summary judgment. I did not believe that the dismissal of my
claims for negligent misrepresentation would have any effect on the merits of my litigation
claims against the Defendants. On August 26, 2013, the Bankruptcy Court entered an order
memorializing the foregoing relief.
20. On September 9, 2013, in what appeared to be an act of desperation to try to delay
their day of reckoning, the Defendants filed a motion for leave to appeal from entry of the order
denying their three motions. My opposition papers were filed on September 23, 2013, and
Defendants filed their reply papers on October 3, 2013. The motion for leave to appeal was
argued before District Judge Paul A. Engelmayer on November 6, 2013. Judge Engelmayer
found that the Defendants had failed to satisfy any of the three prongs necessary to justify the
granting of an interlocutory appeal, and therefore he denied the motion from the bench.
21. Separately, because the Defendants would not consent to a jury trial being conducted
before the Bankruptcy Court, on November 5, 2013 my special litigation counsel filed a motion
to withdraw the reference with respect to the Renco Group Litigation to the District Court. On
December 11, 2013, the motion to withdraw the reference was granted without opposition by
District Judge Robert W. Sweet. Thereafter, the Renco Group Litigation was assigned to District
Judge Alison J. Nathan.
22. Since the time that the Bankruptcy Court ruled on the summary judgment and expert
preclusion motions, my special counsel had been preparing this case for trial, a job made more
arduous and time-consuming as a result of the Defendants’ repeated stall tactics. For instance, in
June 2014, the Defendants made another round of motions to preclude the testimony of two of
my experts and also filed a motion for a protective order to bar me from calling the Defendants
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as witnesses in my case. Just as Judge Gerber had done, Judge Nathan denied the expert
preclusion motions. She also denied the motion for a protective order.
23. On August 29, 2014, after months of hard work, the Joint Final Trial Report was
filed with the Court. In September 2014, the Defendants filed eleven motions in limine and my
special counsel filed seven motions in limine . On November 7, 2014, two lawyers from Park
Jensen Bennett LLP filed appearances in the Renco Group Litigation. Park Jensen Bennett LLP
served as co-counsel with Kaye Scholer through the trial in this matter.
24. On November 12, 2014, in yet another brazen stall tactic, Defendants’ new lawyers
filed a letter requesting expedited briefing and hearing on motions: (1) seeking to limit my right
to a jury trial (they wanted fraudulent transfer, preference and unlawful dividend claims tried to
the Court and not to the jury); (2) belatedly raising statute of limitations and statute of repose
issues under Utah law (essentially asking for permission to file a motion for partial summary
judgment on limitations and repose issues); and (3) attempting to raise as a new affirmative
defense that the stock redemption and dividend payments were “settlement payments” protected
by the safe harbor under section 546(e) of the Bankruptcy Code. The Defendants apologized for
raising these issues so belatedly, but argued that the case is “complicated.”
25. My special counsel replied by letter dated November 14, 2014, pointing out that
Defendants’ requests were woefully untimely and lack any merit. At a hearing held on
December 19, 2014, the District Court denied all three motions that Defendants’ new counsel
had made, and ruled on most of the motions in limine. The rest of the motions in limine were
decided by the time of trial.
26. On January 16, 2015, the parties attended a court-ordered mediation before
Magistrate Andrew Peck. The Defendants had no interest in offering anything other than a
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pittance, and so the mediation concluded unsuccessfully. Thereafter, my legal team and I
continued preparing for trial.
27. On January 23, 2015, Renco Group (through yet another set of lawyers, Dickstein
Shapiro LLP) filed a motion in the Bankruptcy Court for leave to object to the claims of certain
creditors of Renco Metals (the “Claims Motion”). On February 4, 2015, I filed a response in
opposition to the Claims Motion, pointing out that Renco Group had an ulterior motive, i.e. ,
Renco Group was seeking to disallow claims against Renco Metals in a fruitless attempt to
deprive me of a triggering creditor under section 544(b) of the Bankruptcy Code, which allows a
trustee to avoid any transfer that is voidable under applicable non-bankruptcy law by a creditor
holding an unsecured claim. I relied on section 544(b) of the Bankruptcy Code and applicable
New York law to avoid as fraudulent conveyances the dividends and other payments at issue in
the Renco Group Litigation (although I also sought damages under other legal theories that were
not dependent on section 544, such as breach of fiduciary duty and unjust enrichment). At a
hearing conducted on February 10, 2015, Judge Gerber agreed with me and denied the Claims
Motion. An order to that effect was entered on February 19, 2015.
28. The jury trial commenced on February 2, 2015 and concluded on February 27, 2015,
at which time the jury returned a verdict in my favor in the aggregate amount of $118,220,000,
consisting of (a) an award of damages against Renco Group in the amount of $101,000,000,
(b) an award of damages against Ira Rennert and the trustees of trusts established by Ira Rennert
(the “Rennert Trusts”), jointly and severally, in the amount of $16,220,000, and (c) and an
additional award of $1,000,000 in punitive damages against Renco Group. The jury did not
impose any liability on the other Defendants. The jury verdict in the aggregate amount of
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$118,220,000 represents nearly 99% of the $118,445,675 that I sought to recover in the Renco
Group Litigation.
29. Thereafter, at the request of District Judge Alison J. Nathan, the parties briefed the
issues concerning prejudgment interest - the appropriate rate and from what date interest should
accrue. On March 16, 2015, the District Court issued its Memorandum & Order determining that
prejudgment interest would be applied at the rate of 6% per annum, not compounded, and
commencing on August 2, 2001 (i.e. , the Petition Date). Thereafter, on March 20, 2015, yet
another set of new lawyers, Orrick, Herrington & Sutcliffe LLP (“Orrick”), filed an appearance
on behalf of Defendants.
30. On March 23, 2015, after calculating interest on the jury awards, the Clerk entered
judgment in the aggregate amount of $214,199,093.70 in my favor, as follows: (a) against Renco
Group in the amount of $184,698,246.58, and (b) against Ira Rennert and the Rennert Trusts,
jointly and severally, in the amount of $29,500,847.12. Buchwald v. The Renco Group, Inc., et
al ., 13-cv-07948-AJN, Docket No. 389. Postjudgment interest shall apply at the applicable rate
under 28 U.S.C. § 1961.
31. On April 2, 2015, Judge Nathan approved a stipulation imposing a stay of execution
on the judgment until 30 days after disposition of Defendants’ upcoming post-trial motion under
Federal Rules of Civil Procedure 50 and 59, subject to Defendants’ posting of a supersedeas
bond in an amount in excess of $237 million. On April 2, 2015, Defendants posted a
supersedeas bond in the amount of $237,762,000.
32. On April 20, 2015, Renco Group, Ira Rennert and the Rennert Trusts (the three
Defendants against whom judgment was entered) filed a motion under Rules 50 and 59 of the
Federal Rules of Civil Procedure asking the District Court to enter judgment as a matter of law,
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or in the alternative to order a new trial. The Defendants first argued, inter alia , that (a) I failed
to present sufficient evidence of solvency to support the verdict, arguing for at least the fourth
time that the testimony of my insolvency expert should be precluded under Daubert v. Merrell
Dow Pharmaceuticals, Inc. , 509 U.S. 579 (1993), (b) the unjust enrichment and fraudulent
conveyance claims fail against Rennert as a matter of law, and (c) punitive damages should be
struck as a matter of law; and then, in the alternative, that a new trial should be ordered, inter
alia , because (a) the evidence of environmental contamination at the Debtors’ Rowley facility
was highly prejudicial, and (b) the jury reached an improper compromise verdict. The
Defendants against whom judgment was not entered also filed a motion requesting that, if a new
trial is ordered, then they should not have to defend again the claims I made against them in the
first trial.
33. Also on April 20, 2015, Beus Gilbert filed a motion under Rule 59 to amend the
judgment, requesting that the rate of prejudgment interest be increased from 6% to the 9% annual
rate provided by New York State law, and that interest be calculated from July 2, 2000, the last
date the Debtors had paid interest on the 1996 Notes. Opposition papers were filed by the parties
to the three sets of post-trial motions on May 7, 2015. Reply papers were filed May 18, 2015.
34. By decision and order entered on August 19, 2015 [Dist. Ct. Docket No. 423], Judge
Nathan ruled on the parties’ post-trial motions, as follows: (a) the motion by Defendants Renco
Group, Ira Rennert and the Trustees of the Rennert Trust for judgment as a matter of law was
granted in part, but only with respect to my claims for unjust enrichment and punitive damages,
and denied in all other respects; (b) the same Defendants’ motion for a new trial was denied;
(c) the remaining Defendants’ motion for judgment as a matter of law was denied as moot; and
(d) my motion to alter or amend the judgment to increase the amount of prejudgment interest was
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denied. Judge Nathan requested that the Clerk amend the judgment accordingly. Defendants
filed a Notice of Appeal on August 20, 2015.
35. The Clerk entered an amended judgment on August 24, 2015 [Dist. Ct. Docket
No. 425] (the “Amended Judgment”). The end result was that I kept all of my claims from the
original judgment except for the $16.22 million claim against the Trustees of the Rennert Trust
(for which Ira Rennert was still liable under two theories of recovery) and the $1 million punitive
damages award. The judgment remained the same in all other respects, i.e. , against Renco Group
in the amount of $183,698,246.58 (plus post-judgment interest) and against Ira Rennert in the
amount of $29,500,847.12 (plus post-judgment interest), for an aggregate recovery in the amount
of $213,199,093.70 (plus post-judgment interest).
36. On September 16, 2015, I filed a Notice of Cross-Appeal with respect to issues
concerning prejudgment interest.
37. On September 18, 2015, the District Court approved a stipulation staying me from
executing or otherwise enforcing the Amended Judgment until the Second Circuit issues its
mandate in the case, provided that the amended bond shall remain in full force and effect.
38. On September 23, 2015, the Defendants against whom judgment was not entered
filed a Notice of Appeal with respect to their request to be excused from a new trial in the event
one is ordered.
39. On September 23, 2015, a non-substantive amendment was made to the Amended
Judgment, and thereafter the parties filed amended Notices of Appeal and Cross-Appeal with
respect thereto.
40. After the Defendants retained an appellate specialist at Orrick to represent them on
their appeal from the Amended Judgment, I determined that it was in the best interests of the
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Debtors’ estates for me to retain my own appellate specialist. Unfortunately, the estates had
insufficient funds to employ appellate counsel on standard hourly rates. With the assistance of
my counsel Stevens & Lee (“S&L”), I devised a compensation package predicated on a fixed fee
but with payment thereof contingent upon a successful appellate result. With the assistance of
S&L, I then began a selection process that included meeting with some of the top appellate
lawyers in the country before I ultimately selected Kellogg Huber Hansen Todd Evans & Figel
PLLC (“Kellogg Huber”).
41. By application dated September 16, 2015, I sought this Court’s authorization,
pursuant to Section 327(a) of the Bankruptcy Code and Fed. R. Bankr. P. 2014(a), to retain
Kellogg Huber as special appellate counsel; thereafter, the firm’s name was changed to Kellogg,
Hansen, Todd, Figel & Frederick P.L.L.C. (“KHTFF”). By order dated September 29, 2015
(“KHTFF Original Retention Order”), this Court granted the application to retain KHTFF as
special appellate counsel. The KHTFF Original Retention Order provided that KHTFF’s
compensation for its services would be on a sliding scale fixed fee basis, but contingent upon
obtaining a successful result (including a settlement) and its fees would be payable only out of
recoveries. It further provided that, if the Amended Judgment is affirmed by the appellate court
with a reduction of more than 30% of the monetary damages awarded under the Amended
Judgment, or if the Amended Judgment is reversed, or if the case is remanded in a manner that
would require a new trial of the merits of the claim, then no fee would be due to KHTFF for
services rendered.
42. On December 3, 2015, Defendants filed their opening appellate brief raising three
issues: (1) whether the jury reached an impermissible compromise verdict; (2) whether the
District Court prohibited Defendants from presenting highly probative evidence demonstrating
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that my allegations of environmental liability were overblown; and (3) whether I had the right to
a jury trial on my claims.
43. On March 3, 2016, I filed my response thereto and the opening brief on my Cross-
Appeal on whether I was entitled to prejudgment interest under Delaware law that exceeds such
interest under New York law. On May 2, 2016, Defendants filed their combined brief replying
to my response and responding to my Cross-Appeal. My reply was filed on May 16, 2016.
44. In the spring of 2016, I asked KHTFF to provide additional services beyond the
scope of its initial retention in order to assist me in marketing the Renco Litigation Interest
(defined below), and in June 2016 I agreed that, if a sale was consummated, I would promptly
seek nunc pro tunc authority to expand the terms of KHTFF’s retention to include its time spent
thereon. On September 20, 2016, I filed an application to expand the retention of KHTFF to
include the following services to be compensated on an hourly basis for: (a) representing me in
connection with a petition for rehearing en banc before the United States Court of Appeals for
the Second Circuit, a petition for certiorari to the United States Supreme Court, or further
proceedings in the United States District Court for the Southern District of New York, and
(b) time spent by KHTFF concerning the sale of the Renco Litigation Interest. Such application
was granted by order dated October 13, 2016. KHTFF served as co-counsel with Beus Gilbert
with respect to Defendants’ appeal and my Cross-Appeal.
45. Oral argument was conducted on February 9, 2017 before Circuit Judges Raggi,
Lohier and Droney. On March 8, 2017, the Second Circuit issued its Summary Order and
Judgment denying the appeal, affirming the Amended Judgment in the full amount and denying
my Cross Appeal.
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46. On April 5, 2017, Defendants filed a petition for panel rehearing, or, in the
alternative, for rehearing en banc . On May 11, 2017, the Second Circuit denied Defendants’
petition in toto. On May 17, 2017, Defendants filed a motion to stay the mandate with the
Second Circuit Court of Appeals. On May 18, 2017, the Second Circuit Court of Appeals
granted Defendants’ motion to stay the mandate.
47. On August 9, 2017, Defendants filed a Petition for Writ of Certiorari to the Second
Circuit Court of Appeals with the United States Supreme Court, raising an alleged Circuit split
on my right to a jury trial. On September 6, 2017, I filed a Brief in Opposition to Defendants’
Petition for Writ of Certiorari to the Second Circuit Court of Appeals with the United States
Supreme Court, pointing out that the alleged Circuit split was illusory because Defendants had
expressly consented to a jury trial and therefore the Second Circuit had not reached this
Constitutional issue, and in any event this case was not an appropriate vehicle to resolve a
bankruptcy trustee’s right to a jury trial. On September 19, 2017, Defendants served their reply
brief.
48. On October 10, 2017, the Supreme Court denied Defendants’ Certiorari Petition. On
October 12, 2017, the Second Circuit issued its Mandate. On October 12, 2017, the Defendants
agreed to pay the Amended Judgment in full, including postjudgment interest in excess of
$1 million and costs in excess of $107,000. On October 27, 2017, I received $76,753,505.53
from two of the three sureties which bonded the Appeal (Atlantic Specialty and Nationwide). On
October 30, 2017, I received $137,941,614.16 from Zurich American (the third surety which
bonded the Appeal), leaving a shortfall in the amount of $2,828.76, which Renco Group then
paid. In total, I collected $214,697,948.45 on account of the Amended Judgment. On
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October 31, 2017, I filed a Notice of Receipt and Disposition of Renco Group Litigation
Proceeds.
49. Throughout this process, I continued to supervise litigation strategy and oversaw
developments in the Renco Group Litigation. Among other things, I reviewed and commented
on numerous pleadings and documents (including Daubert , summary judgment and in limine
motions, the pre-trial order, and demonstrative trial exhibits), attended selected depositions,
discussed discovery progress and results with Beus Gilbert, reviewed and commented on expert
reports, attended a mock trial and participated in debriefing sessions, assisted in trial preparation,
participated in numerous strategy meetings and discussions, attended a mediation session before
Magistrate Judge Peck in January 2015, attended the February 2015 trial, reviewed and
commented on post-trial filings and appellate briefs, assisted in preparation for and attended oral
argument before the Second Circuit, reviewed and commented on post-ruling briefs before the
Second Circuit and the Supreme Court, participated in strategy sessions, participated in pre- and
post-trial settlement discussions, and negotiated with Renco Group and the sureties for prompt
payment of the Amended Judgment in full, including postjudgment interest in excess of $1
million and costs in excess of $107,000.
Sale of Interest in Litigation Proceeds
50. As of early 2016, I only had about $670,000 in the bank and no other assets, but for
the $213 million Amended Judgment (then on appeal) against Ira Rennert and Renco Group.
Creditors are owed over $200 million and had no chance of any recovery other than from the
Amended Judgment. I was concerned with the risk that the Amended Judgment might be
reversed on appeal, and that I would not have sufficient resources to continue litigating against
well-funded adversaries. I also wanted to be sure that long-suffering creditors would receive
recoveries regardless of the outcome of the appeal.
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51. Therefore, in March 2016, I conceived the idea of reaching out to litigation funders
to monetize a portion of this significant but speculative asset. I asked my counsel S&L to assist
me in this endeavor. I researched and investigated various litigation funders and asked S&L to
prepare and send a tickler to each of them.
52. S&L structured a sale of an interest in net recoveries from the proceeds of the Renco
Group Litigation, and assisted me in running a private sale process, negotiating with multiple
litigation funders and ultimately negotiating a stalking horse bid. On June 23, 2016, S&L filed a
motion for approval of the stalking horse bid (subject to better bids), and assisted me in running a
public auction process after approval of the bid procedures. As a result of the public auction, the
net economic benefit to the estates was improved by nearly $5 million, i.e. , the consideration
received by the estates was increased from $25 million to $26.2 million, while the consideration
that may be payable by the estates was reduced from $53,750,000 to $50,000,000. I evaluated
the competing bids that were submitted in both the private sale process and the public auction,
and participated in negotiations.
53. After two hotly contested hearings in this Court and one in the District Court, I
obtained Court approval of an agreement whereby I sold an interest in the potential litigation
recoveries to AEM SPV, LLC (“AEM”), an affiliate of one of the largest litigation funders in the
world, Gerchen Keller (which was acquired by Burford Capital in December 2016), for
$26.2 million. This enabled me to monetize a portion of this speculative asset, hedge the estates’
downside exposure, provide much needed liquidity to the Debtors, and guarantee that there will
be money for creditors. As reported in the American Lawyer and other media outlets, no
transaction like this has ever been done in a pending bankruptcy case.
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54. The Renco Group and Ira Rennert, and an ad hoc consortium of noteholders (the
“Noteholder Consortium”), each took separate appeals from the sale order. I was successful in
overcoming a motion by the Noteholder Consortium for a stay pending their appeal of the sale
order. In connection with each of the three hearings held on this matter, I submitted detailed
declarations in support thereof and I also testified at the bid procedures hearing. The sale closed
on September 8, 2016, and I received $26.2 million (“Sale Proceeds”) at closing. Thereafter, I
filed a motion in the District Court to dismiss the appeals as moot. 1 By Memorandum & Order
dated July 18, 2017, the District Court dismissed the appeal of the Renco Group and Ira Rennert.
55. On October 31, 2017, after full payment of the Amended Judgment, I paid
$50,503,901.37 to AEM in full satisfaction of its claim under the Sale Agreement.
Stipulation Concerning Payment of Additional Interest Paid to AEM
56. I had a dispute with Renco Group over the timeliness of the satisfaction of the
Amended Judgment. Delay in payment of the Amended Judgment, which I believed was
attributable to Renco Group’s conduct and otherwise avoidable, engendered the accrual of
additional interest due to AEM. In order to avoid potentially expensive litigation with Renco
Group, I instructed my counsel to negotiate a resolution of this dispute. Such negotiations
culminated in execution of a settlement stipulation (the “Interest Stipulation”) under which the
estates’ claims against Renco Group for the additional interest I had to pay to AEM was resolved
for a lump sum payment from Renco Group of $55,989.06 in cash (representing six days’ of
interest I paid to AEM). A motion for approval of the Interest Stipulation was filed with the
Court on December 29, 2017. The Interest Stipulation was approved on February 1, 2018, and
1 The Noteholder Consortium subsequently withdrew its appeal consensually, but Rennert and Renco Group continued to prosecute their appeal.
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Renco Group paid promptly thereafter. This settlement resolved a minor estate issue without the
need for costly litigation.
Preference Actions
57. After conversion to chapter 7, I directed my professionals to investigate potential
avoidance actions against third parties. This effort was hindered by the Debtors’ former
principals’ lack of cooperation in turning over books and records, and so I had to subpoena
records from the Debtors’ pre-petition banks. In March 2004, I commenced over 150 actions to
avoid preferential transfers (the “Preference Actions”). 2 The Preference Actions are identified in
Exhibit A to the interim report I filed on May 13, 2004. 3 On March 22, 2004, the Bankruptcy
Court entered an Order Establishing Procedures Governing All Adversary Proceedings Brought
Pursuant To 11 U.S.C. Sections 544, 547, 548 And 550 (the “Procedures Order”), which
provides, inter alia, “that, with respect to the settlement of any Avoidance Action (whether or
not an adversary proceeding has been commenced), the Trustee shall be authorized to
consummate the proposed settlement without order of the Court or consent of any other party.”
58. By 2007, I had consummated settlements of over 120 Preference Actions for
aggregate cash consideration of approximately $2.4 million, and had been filing regular reports
with respect thereto, pursuant to the terms of the Procedures Order. I dismissed some Preference
Actions after the respective defendants were able to provide documents establishing complete
defenses. I also obtained default judgments against a number of defendants. To spare expense, I
engaged C&W Consultants to pursue all default judgments where my counsel was not in active
negotiations. C&W Consultants were able to collect approximately $73,000 (net of fees of
C&W Consultants) from ten different judgment debtors.
2 One additional Preference Action was commenced in June 2004. Each Preference Action also seeks to avoid the transfers at issue as constructive fraudulent conveyances, usually as a precautionary measure. 3 In addition, I resolved three preference claims without having to file a complaint.
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59. By 2007, all Preference Actions have been resolved except for the most hotly
contested preference action, Adversary Proceeding No. 04-02656 against Williams Energy
Marketing & Trading Co., f/k/a Barrett Resources (“Williams”), where the amount in
controversy exceeded $3 million. I participated in eight depositions (including my own
deposition and the depositions of three experts). I oversaw negotiations between my counsel and
counsel to Williams. When such negotiations failed to bear fruit, I authorized my counsel to file
a motion for summary judgment, and to respond to the motion for summary judgment filed by
Williams. Under a summary judgment motion, the moving party asserts that there are no
disputed issues of material fact and so judgment can be granted in movant’s favor as a matter of
law. These motions address the principal defenses raised by Williams, viz ., the forward contract
safe harbor under section 546(e), the ordinary course of business and subsequent new value, and
involve complex issues. I attended oral argument on the cross-motions, which was conducted on
June 5, 2007, at which time the Court reserved decision. In November 2009, the parties filed
supplemental briefs on the decision of the United States Court of Appeals for the Fourth Circuit
in Hutson v. E.I. du Point de Nemours and Company (In re National Gas Distributors, LLC),
2009 WL 325436 (4 th Cir. 2009), which addressed the section 546(e) forward contract defense.
60. Unfortunately, after the action against Williams was commenced, the case law on the
section 546(e) forward contract safe harbor continued to evolve in a manner prejudicial to the
estate, i.e. , nearly all courts construed the defense broadly. By decision and order dated
October 17, 2011 (the “Williams Decision”), the Court determined that there were disputed
issues of material fact on both the section 546(e) forward contract safe harbor and the ordinary
course of business defense. Therefore, the Court held that judgment could not be granted in
either party’s favor as a matter of law, and denied the summary judgment motions filed by both
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parties. Thereafter, the parties agreed to try to resolve their differences through mediation. A
mediation session was conducted on March 15, 2012 and was adjourned without date while the
parties continued to evaluate their respective positions. Thereafter, in October 2012, I settled the
Williams action for a cash payment of $125,000 and a waiver of all claims. Based on the
strength of the section 546(e) forward contract defense and the Williams Decision, I believe that
represented the best result achievable. Thus, all Preference Actions have been resolved.
Claims Analysis and Reconciliation Process
61. As a result of the successful sale of an interest in the Renco Group Litigation, I
believed there would be funds available for distribution to creditors. Thus, shortly after receipt
of the Sale Proceeds, I commenced the claims reconciliation process, and obtained the entry of
this Court’s Order setting March 1, 2017 as the final date for all entities holding claims against
the estates to file proofs of claim. 4
62. On April 28, 2017, my counsel filed seven sets of objections to approximately
100 claims. On May 3, 2017, my counsel filed another seven sets of objections to approximately
575 claims. All 14 sets of objections to claims were heard by the Court on June 13, 2017, and
subject to revisions set forth on the record, the claims objections were granted.
63. On September 7, 2017, my counsel filed four additional claims objections, which
were approved by the Court without the necessity for a hearing by four orders entered on
November 2, 2017.
64. On December 8, 2017, my counsel filed four additional claims objections, which
were approved by the Court without the necessity for a hearing by four orders entered on January
30, 2018.
4 By So-Ordered Stipulation and Order dated February 28, 2017, the deadline to file proofs of claim for the United States of America, including its agencies, departments and agents, and the State of Utah was March 15, 2017.
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65. Between June 6, 2018 and July 20, 2018, my counsel filed three new claims
objections and completed the prosecution of a previously filed clam objection. Three of the
claims objections were approved by the Court without the necessity for a hearing by three orders
entered on August 24, 2018; the fourth claim objection was approved by the Court without the
necessity for a hearing by order entered on October 4, 2018.
66. Through October 4, 2018, I had filed 25 objections to 694 claims aggregating
approximately $62.5 million, all of which have been fully resolved. Other than with respect to
the major claims described in the following sections of my Report, the claims objection process
is now complete.
67. Earlier this year, my counsel engaged in extensive discussions with the professionals
retained in the Debtors’ Chapter 11 cases in an effort to have the professionals file final fee
applications for prior interim fee awards entered during the Chapter 11 cases. As a result of such
efforts, all but two of the professionals filed final fee applications. On October 1, 2018, I filed an
objection to the two professionals that did not file final fee applications. The hearing to consider
both the chapter 11 professionals’ final fee applications and the objection is scheduled for
November 15, 2018.
68. I, along with my attorneys, was involved in the process of reviewing and reconciling
the proofs of claim, as well as in the preparation of the Claims Objections. In this regard, I, in
consultation with my attorneys, (a) reviewed (i) the claims register, by which we identified the
claims set forth in Claims Objections, (ii) the Debtors’ books and records with respect to the
claims set forth in the Claims Objections, (iii) the documents and other evidence provided by the
claimants, and (iv) various court orders, along with a reconciliation thereof; (b) approved the
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inclusion of the claims in the Claims Objections; and (c) reviewed the Claims Objections and the
proposed orders with respect thereto.
Principal Issues Remaining in the Case
69. Before distributions to creditors can be made, there needs to be a resolution of the
following issues (collectively, the “Remaining Issues”), each of which is described in greater
detail below: (a) a determination of the allowed amount of the claims of (i) the EPA and other
environmental agencies, (ii) Wilmington Trust, as indenture trustee (“Indenture Trustee”) with
respect to the Senior Notes, (iii) the Pension Benefit Guaranty Corporation (“PBGC”), and (iv)
certain insiders; (b) an allocation of the Renco Group Litigation proceeds and the Sale Proceeds
between the estates of the two Debtors; and (c) Renco Group’s appeal from the order dismissing
its complaint in the Renco Adversary Proceeding (defined below). As described below, I
recently orchestrated a consensual resolution of all of the Remaining Issues, which should enable
me to make distributions to creditors in the first half of 2019.
Environmental Claims
70. The most complicated of the Remaining Issues relate to the environmental claims.
On January 16, 2001, the EPA filed suit in the United States District Court in Utah, case
number 2:01 CV 040 (the “Utah Environmental Litigation”) seeking “to obtain injunctive relief
and civil penalties for . . . numerous violations of the Resource Conservation and Recovery Act
of 1976 (“RCRA”), 42 U.S.C. §§ 6901 et seq .” as well as $900 million in civil penalties. In
2005, the government filed an additional, related complaint, which was consolidated with its
RCRA complaint, alleging violations of a different statute, the Toxic Substances Control Act
(“TSCA”). See United States v. Magnesium Corp. of Am. , 616 F.3d 1129, 1134 (10th Cir. 2010)
(reversing District Court’s grant of summary judgment on twelve counts of the United States’
second amended complaint).
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71. Since the Tenth Circuit’s reversal in 2010, the case has remained in limbo, with the
parties attempting to reach a settlement and submit a consent decree to the District Court
(“RCRA Consent Decree”). On September 30, 2014, the District Court issued an order
administratively closing the case, allowing for reopening upon motion.
72. In their most recent status report to the District Court, filed on February 12, 2016, the
parties indicated that settlement negotiations are ongoing, but that finalization of the settlement
documents “has been delayed . . . due to complex technical issues that EPA and [US Mag] are
working through” and further that MagCorp’s bankruptcy and litigation related thereto “has
complicated settlement efforts.” [Case No. 2:01-cv-00040, Dkt. No. 446]. It is my
understanding that the parties have been attempting to determine what needs to be done to clean-
up hazardous wastes at the Rowley Facility and prevent further hazardous emissions, a process
that will likely take years, as well as negotiating the RCRA Consent Decree.
73. On March 13, 2017, the EPA and various federal and Utah state agencies
(collectively, the “Government”) filed multiple environmental claims against the Debtors
(supplementing but not superseding their prior claims), under the Comprehensive Environmental
Response, Compensation, and Liability Act (“CERCLA”) and other federal and state laws in an
aggregate amount of at least $127,601,122.00 (excluding penalty claims), an undetermined
portion of which the Government asserts is entitled to Chapter 11 administrative expense
priority. The Government’s environmental claims include the following components: (a) EPA’s
incurred CERCLA response and oversight costs of $5,974,371.05 and estimated future costs of
$100.6 million; (b) the Bureau of Land Management’s (“BLM”) incurred CERCLA response and
oversight costs of $361,000 and estimated future costs of $1,312,000; (c) costs incurred by the
BLM and Fish & Wildlife Services in connection with damage to plants and wildlife in the
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amount of $123,694 and estimated future costs of $12,942,048; (d) a claim for trespass related to
the mining of minerals without a mineral lease in the amount of $167,399.46 plus interest;
(e) estimated future land reclamation liabilities of $6,051,640; (f) unpaid rent under a right-of-
way with respect to Government owned land known as Knolls Facility in the amount of
$68,969.96, for which the Government asserts administrative priority status; (g) unliquidated
injunction liabilities; and (h) civil penalties in an unliquidated amount for the period beginning
five years prior to January 16, 2001 and continuing post-petition through the sale of the Rowley
Facility to US Mag.
74. The Government asserts that US Mag, Renco Group and other related parties (“US
Mag Parties”) are jointly and severally liable with the Debtors under Section 107 of CERCLA
with respect to the contamination of the Rowley Facility. Therefore, to the extent the Debtors
satisfy any portion of the EPA’s CERCLA claim, I will assert a claim under Section 113 of
CERCLA for equitable allocation between the US Mag Parties and the Debtors of such
CERCLA liability (“Debtors’ CERCLA Contribution Claim”). However, before resorting to
litigation, I have been attempting to negotiate a global resolution of the environmental claims
against the Debtors and all of the US Mag Parties, to include and avoid the need for litigation of
the Debtors’ CERCLA Contribution Claim.
75. The Government alleges that the Rowley Facility generated at least five different
hazardous wastes and/or treated, stored, or disposed of them in on-site landfills, ditches, and
surface impoundments, and that it also generated and/or treated, stored or disposed of solid waste
containing hazardous substances, including dioxins, furans, hexachlorobenzene (“HCB”),
polychlorinated biphenyls (“PCBs”), arsenic, chromium, mercury, acidic waste water, and
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polycyclic aromatic hydrocarbons (“PAHs”). I took a similar position during the course of the
Renco Group Litigation.
76. During the February 2015 trial of the Renco Group Litigation, my former
environmental expert testified that, as of July 1996, the environmental liabilities were between
approximately $36 million and $67.5 million, 5 while the Defendants’ environmental expert
testified that the environmental liabilities were between approximately $3 million and
$11.3 million.
77. After I won the appeal of the Amended Judgment in the Second Circuit in March
2017, and in order to avoid any delays in distributing litigation recoveries to creditors, I
determined that it was an appropriate time to investigate the environmental claims in greater
detail. Because of the magnitude of the environmental claims being asserted by the Government,
I determined that I needed to retain environmental consultants, which I was only able to do at
that time because I had the proceeds of the non-recourse financing provided by AEM.
78. Unfortunately, as of spring 2017, my former environmental expert who had testified
at the February 2015 trial was no longer available. Therefore, with the assistance of S&L, in or
about April 2017, I began a selection process that included reviewing the credentials of several
prospective consultants and interviewing the best candidates. Ultimately, I selected Roux
Associates, Inc. (“Roux”). By order dated June 22, 2017, I obtained Court approval to retain
Roux as environmental consultants to assist me in evaluating the Government’s environmental
claims, and if necessary, provide expert testimony, effective as of May 25, 2017, the date of
execution of Roux’s retention agreement. With the assistance of S&L and Roux, I have been
5 My former environmental expert who testified at trial did not opine on the Government’s penalty claims or any claims that arose after July 1996, including Chapter 11 administrative expense claims.
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conducting an in-depth analysis of the environmental claims, which has included the review of
voluminous documents by Roux, S&L and me, and numerous telephonic and in-person meetings.
79. There are two sets of parties with first-hand knowledge of the environmental claims:
the Government and the US Mag Parties. Therefore, in an attempt to resolve these claims
consensually, my counsel requested information and documentation on a confidential basis and
pursuant to FRE 408 from the Government since March 2017 (shortly after the claims were
filed) and the US Mag Parties since August 2017.
80. As part of our analysis of the Government’s environmental claims, we asked Renco
Group to provide us with an interactive site visit. On October 18, 2017, my professionals and I
conducted a site inspection of the Rowley Facility. Tom Tripp, US Mag’s Technical Services
Manager, guided us on our site inspection and answered all of our questions. Mr. Tripp was
accompanied by lawyers and consultants for the US Mag Parties, who also responded to our
inquiries and provided insights. As a result, the site inspection was very helpful and informative.
81. In December 2017, the Government requested the negotiation of a protective order
concerning the confidential information that was being exchanged by the parties. My counsel
negotiated the terms thereof with the Government, Renco Group and US Mag, and such
protective order was approved by the Court on December 27, 2017 (the “Protective Order”).
Unfortunately, even after entry of the Protective Order, concerns over confidentiality engendered
significant delays in the exchange of confidential information, and thus the completion of the
initial phase of my analysis of the environmental claims.
82. After completing our preliminary analysis, my counsel, consultants and I met with
representatives of the Government on April 12, 2018 to present our preliminary evaluation of the
environmental claims. Additional issues were raised at that meeting, and I requested
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supplementary information from the Government to address those concerns. The parties
conducted follow-up telephone conferences on May 16 and June 25, 2018.
83. On May 22, 2018, my counsel, advisors and I met with representatives of the US
Mag Parties to obtain further input from them with respect to the environmental claims.
Thereafter, S&L sent a detailed list to counsel for the US Mag Parties requesting additional
information and documentation to address issues that arose at the May 22 meeting.
84. Roux reached preliminary conclusions by June 2018. Nevertheless, through August
2018, S&L continued to follow up with the parties concerning prior information requests that
were then still outstanding to ensure that no relevant data was overlooked so that my advisors
and I could ascertain the appropriate amount of the Government’s environmental claims.
Claims of the Indenture Trustee
85. A predecessor in interest to the Indenture Trustee filed claims in the amount of
approximately $169.5 million, representing $150 million in principal amount plus accrued pre-
petition interest, against both Metals (based on its issuance of the Senior Notes) and MagCorp
(based on its guarantee of the Senior Notes).
86. The claims of the Indenture Trustee are subject to attack because the Debtors did not
receive fair consideration in exchange therefor. Upon issuance of the Senior Notes in July 1996
in the aggregate amount of $150 million, the Debtors only received $143.5 million in net
proceeds, most of which was promptly misappropriated. At the time the Senior Notes were
issued by Metals and guaranteed by MagCorp, the Debtors were insolvent or were rendered
insolvent by paying dividends to, and redeeming stock from, Renco Group in an aggregate
amount exceeding $83.5 million and paying approximately $5.3 million to corporate executives.
Moreover, the issuance of the Senior Notes permitted Renco Group to continue receiving
dividends aggregating $13.8 million and paying $966,000 to corporate executives through
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December 1998. In total, over $103.5 million was paid to insiders without any consideration at
or after the issuance of the Senior Notes, and as a result thereof.
87. Therefore, the net value Metals received for issuing the Senior Notes was grossly
disproportionate to the obligations Metals incurred. Moreover, MagCorp received no
consideration for its upstream guarantee of its parent company’s obligations to the Indenture
Trustee and the continued use of its cash for dividends and other payments to insiders. In the
February 2015 trial of the Renco Group Litigation, the jury determined that the dividends paid to
Renco Group in July 1996 (and other dates) were fraudulent conveyances. If the dividends paid
in July 1996 were fraudulent conveyances, then it is likely that the debt incurred by the Debtors
in issuing the Senior Notes and the upstream guarantee to facilitate payment of such dividends
was also fraudulently incurred. Therefore, I believe that the claims of the Indenture Trustee may
be subject to disallowance as a fraudulent incurrence of indebtedness.
PBGC Claims
88. On the theory that the Debtors are jointly and severally liable with other entities
controlled by Renco Group under ERISA, the PBGC filed against each Debtor (a) six contingent
claims in an aggregate amount exceeding $119,000,000 for estimated unfunded benefits
liabilities, and (b) 33 contingent unliquidated claims for unpaid minimum funding contributions
and statutory liability under 29 USC § 1307. Based on prior discussions with the PBGC, I
believe that the contingent claims of the PBGC will likely be withdrawn when it is time for
distributions to be made to creditors. Otherwise, I will instruct my counsel to object to such
claims.
Insider Claims
89. Renco Group and other insiders (collectively, the “Insiders”) have filed various
claims against the estates (the “Insider Claims”), including most significantly: (a) unliquidated
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claims filed by Renco Group and US Mag for reimbursement contingent on the outcome of the
Utah Environmental Litigation or other environmental enforcement action; (b) contingent
unliquidated claims filed by Renco Group and Rennert under Section 502(h) for amounts paid to
me with respect to the Amended Judgment, i.e. , in excess of $214 million; and (c) loans by
certain Insiders to the Debtors in the aggregate amount of approximately $1.2 million (“Insider
Loans”). I believe that all of the Insider Claims may be subject to either disallowance or
equitable subordination to the claims of other creditors. Moreover, the Insider Loans may also
be subject to being recharacterized as equity because, inter alia , the Debtors were
undercapitalized as a result of paying over $100 million in dividends and redemption of stock,
and the Insider Loans were more in the nature of capital contributions. Nevertheless, the Insider
Claims and the Renco Adversary Proceeding may delay and possibly dilute distributions to non-
insider creditors.
Estate Allocation Issues
90. I prosecuted the Renco Group Litigation on behalf of both Debtors. Whether the
fraudulently conveyed funds belonged to MagCorp or Metals was not an issue in that lawsuit and
was not decided by the jury. Other than approximately $7.2 million paid directly by MagCorp to
certain of its officers, the funds at issue in the Renco Group Litigation were up-streamed from
MagCorp to Metals, and then from Metals to Renco Group. Therefore, creditors of Metals can
argue that the vast majority of the transfers actually avoided in the case were from Metals to
Renco Group, and thus Metals should get most of the proceeds. On the other hand, Metals was
merely a holding company. In fact, MagCorp was the source of all of the transfers other than the
proceeds raised in the sale of the Senior Notes, and MagCorp was the principal subsidiary of
Metals at that time and thus represented the overwhelming source of its borrowing and debt
servicing ability. Therefore, creditors of MagCorp can argue that the funds truly belonged to
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MagCorp and that Metals was a mere conduit, and thus MagCorp should get all or most of the
proceeds.
91. The two largest non-insider creditors - the Government and the Indenture Trustee -
are on opposite sides of the issues relating to the allocation of remaining funds between the
estates of the two Debtors, and these issues have been hotly contested by them. The Government
and the Indenture Trustee both assert claims against both Debtors; however, the Government’s
primary obligor is MagCorp and the Indenture Trustee’s primary obligor is Metals. The
Government’s claim against Metals is based on CERCLA, substantive consolidation and veil
piercing. Similarly, the Indenture Trustee’s claim against MagCorp is based not on a direct
relationship, but on an upstream guarantee. In both instances, the Government and the Indenture
Trustee have strong claims against their respective primary obligor but, in my view, weaker
claims against the other Debtor.
92. By order dated August 15, 2018, I was authorized to retain retaining Baker Tilly
Virchow Krause, LLP (“Baker Tilly”) to provide input on an appropriate allocation of remaining
funds, as well as other potential matters that need to be addressed in connection with the
Remaining Issues and distributions to creditors. My counsel and I have had a number of
discussions with Baker Tilly, and have received their preliminary views on the allocation issues.
93. Ultimately, unless the Debtors’ estates are substantively consolidated, 6 there needs to
be an allocation of the net amount of the Renco Group Litigation proceeds and the Sale Proceeds
between the estates of the two Debtors. Presently, I am holding net proceeds of the Renco Group
Litigation and the AEM sale aggregating approximately $94.8 million (after paying AEM,
6 Substantive consolidation is a judicial remedy utilized where the financial affairs of two or more debtors are inextricably intertwined. It results in the multiple estates being treated as one entity so that a common fund is used to pay all creditors irrespective of which debtor they dealt with. I do not concede that there is any basis for substantive consolidation in this case.
SL1 1546013v3 070187.00001 32 01-14312-mkv Doc 1118 Filed 12/04/18 Entered 12/04/18 15:01:21 Main Document Pg 33 of 42
professional fees and other estate expenses) in MagCorp bank accounts for administrative
convenience, but without prejudice to anyone’s rights as to how such funds should be allocated
between the estates of the two Debtors.
Renco Adversary Proceeding against Indenture Trustee
94. On May 27, 2016, Renco Group commenced an adversary proceeding (the “Renco
Adversary Proceeding”) against a predecessor in interest to the Indenture Trustee seeking to
prevent the Indenture Trustee and noteholders from recovering on their claims because the
noteholders allegedly ratified the payment of Renco Group’s dividends through their
participation in the offering of the Senior Notes that was expressly initiated and consummated to
fund one of those dividends (and authorized the other dividends). Renco Group asserts that the
claims of noteholders should be disallowed under principles of equitable disallowance, quasi
estoppel, unjust enrichment and under Section 502(d) of the Bankruptcy Code.
95. I believe the Renco Adversary Proceeding is wholly without merit, and I have
offered to provide information to the Indenture Trustee and the noteholders to assist in their
defense, and have monitored this proceeding. Among other things, the Renco Adversary
Proceeding completely ignores the fact that the note offering was predicated on false financial
disclosure, including unsustainable projections, and the failure to disclose significant
environmental liabilities and material setbacks with respect to MagCorp’s magnesium
manufacturing processes. Because I am not a party in the Renco Adversary Proceeding, I
believe it would be inappropriate to take an active role therein to assist the noteholders because
that would be unfair to other creditors who have no financial stake in the outcome of the Renco
Adversary Proceeding.
96. On September 29, 2016, the Indenture Trustee filed a motion to dismiss the
complaint in the Renco Adversary Proceeding, which was argued on January 11, 2017. On
SL1 1546013v3 070187.00001 33 01-14312-mkv Doc 1118 Filed 12/04/18 Entered 12/04/18 15:01:21 Main Document Pg 34 of 42
March 24, 2017, the Court directed the parties “to address the effect of the Summary Order by
the United States Court of Appeals for the Second Circuit in Buchwald v. The Renco Group, Inc.,
et al . on the pending motion to dismiss this adversary proceeding.” Thereafter, the parties
submitted supplemental briefs, and the Court heard argument on May 2, 2017, at which time
decision was reserved.
97. On March 30, 2018, the Court issued its Memorandum Opinion and Order granting
the Indenture Trustee’s motion to dismiss the complaint in toto but without prejudice. The Court
concluded that Renco Group lacked statutory standing to bring the Renco Adversary Proceeding.
98. On April 13, 2018, Renco Group filed a notice of appeal. On April 18, 2018, the
appeal (Case No. 18-03435) was assigned to District Judge Paul A. Crotty. On April 27, 2018,
Renco Group filed its Designation of Record and Statement of Issues Presented on Appeal. The
Indenture Trustee did not file a counter-designation.
99. On August 8, 2018, Renco Group filed its appellate brief. The opposition brief of the
Indenture Trustee was filed on September 7, and Renco Group’s reply brief was filed on
September 21. It is presently unknown when the District Court will schedule oral argument and
issue a ruling on the appeal.
I Recently Negotiated a Global Settlement of All Remaining Issues in the Case
100. The largest claims against the Debtors’ estates are the claims of the Indenture
Trustee in the amount of approximately $169.5 million, the claims of the Government in the
amount of at least $127 million (excluding penalties and Chapter 11 administrative claims), the
claims of the PBGC in an aggregate amount exceeding $119,000,000 (not counting 33
contingent unliquidated claims), and the Insider Claims of approximately $240 million.
101. I had concerns over the claims of the Indenture Trustee, the Government, PBGC
and the Insiders, which are discussed above. Moreover, before distributions to creditors can be
SL1 1546013v3 070187.00001 34 01-14312-mkv Doc 1118 Filed 12/04/18 Entered 12/04/18 15:01:21 Main Document Pg 35 of 42
made, there needed to be (a) a resolution of the Renco Adversary Proceeding, and (b) an
allocation of the Renco Group Litigation proceeds and the Sale Proceeds between the estates of
the two Debtors. Alternatively, the issue of whether the estates should be substantively
consolidated, which the Government reserved the right to move for in the claims it filed against
the estates, would need to be resolved. 7
102. I believe it is imperative and in the best interests of the estates to avoid protracted
and expensive litigation that would undoubtedly delay a distribution to creditors and needlessly
diminish estate resources. Therefore, in September 2017, I began negotiating a consensual
resolution with the Indenture Trustee, the Government, PBGC and the Insiders concerning
(a) their respective claims, (b) the Debtors’ CERCLA Contribution Claim, (c) how remaining
cash should be allocated between the estates of the two Debtors (and its mirror image – whether
the estates should be substantively consolidated), and (d) the Renco Adversary Proceeding
(“Global Settlement”). As detailed below, thankfully these efforts recently bore fruit.
103. Because the Government and Renco Group were so far apart over the magnitude of
the environmental liabilities (despite decades of unproductive and fruitless discussions and
litigation), I believed that a necessary first step to achieving a Global Settlement was to
determine at least an approximate range for the magnitude of the environmental claims. With
assistance from counsel and my environmental consultants, Roux, I investigated the bona fides
of the environmental claims. My professionals and I obtained and reviewed voluminous
documents from the Government and the US Mag Parties under Rule 408, confidentiality
agreements and the Protective Order, exchanged hundreds of emails with the parties, and had
numerous telephone conferences and meetings with representatives of the parties.
7 I do not concede that there is any basis for substantive consolidation in this case.
SL1 1546013v3 070187.00001 35 01-14312-mkv Doc 1118 Filed 12/04/18 Entered 12/04/18 15:01:21 Main Document Pg 36 of 42
104. By June 2018, Roux had essentially concluded its preliminary analysis of the
environmental claims, and I had reached a tentative agreement with the Government and
Noteholder Consortium on allowance of their respective claims and an allocation of cash in the
estates. Nevertheless, I believed that it was important to try to include the US Mag Parties in any
settlement to avoid additional litigation which would clearly cause significant delay and expense.
105. Therefore, in July 2018, S&L and I began attempting to broker a settlement
between the Government and the US Mag Parties, which could then be folded into the tentative
agreement I reached earlier this year with the Government and Noteholder Consortium. I also
insisted that any such settlement must also include a resolution of all Insider Claims and the
Renco Adversary Proceeding.
106. As a result of these efforts, the Government and the US Mag Parties exchanged
term sheets in August and September and agreed to meet in late September. My counsel and I
were invited to mediate a settlement between the Government and the US Mag Parties at a
meeting held at the offices of the United States Department of Justice on September 27, 2018.
While there was some initial acrimony, in the separate one-on-one sessions we were able to
maneuver the parties toward some middle ground and as a result I believed that substantial
progress had been achieved at that meeting. This belief was reinforced by subsequent events.
For instance, on October 3, 2018, the Government circulated a revised term sheet that reflected
significant movement on the issues that S&L and I had discussed with Government
representatives in the one-on-one sessions. Likewise, on October 10, 2018, the US Mag Parties
provided comments thereto that reflected movement on the issues that S&L and I had discussed
with their representatives in the September 27th one-on-one sessions and during several follow
up discussions during early October 2018.
SL1 1546013v3 070187.00001 36 01-14312-mkv Doc 1118 Filed 12/04/18 Entered 12/04/18 15:01:21 Main Document Pg 37 of 42
107. The parties conducted a follow up meeting on October 23, 2018, at which virtually
all non-monetary issues were resolved. The revised term sheet circulated by the Government on
November 2, 2018 incorporated these agreements.
108. In short, in about four months, S&L and I were able to broker a settlement between
the Government and the US Mag Parties, despite decades of hostility between those parties.
Significantly, in order to broker a deal between the Government and the US Mag Parties, I had to
convince the Government to agree to an unprecedented arrangement. As the Government is
comprised of numerous federal and state agencies, I am particularly gratified that the
Government recognized the value of our efforts in culminating the agreement. I credit the
Government for being extremely cooperative and accommodating in achieving this result on a
very expeditious basis.
109. Despite the agreement I brokered between the Government and the US Mag Parties,
there was still a small monetary gap between the US Mag Parties and the Noteholder
Consortium. I spearheaded various discussions which narrowed the gap further, and then in an
attempt to break the remaining impasse, I scheduled an all-hands settlement meeting for
November 14, 2018 among the Government, the US Mag Parties and the Noteholder
Consortium, at which time the parties moved a bit closer.
110. At a status conference conducted on November 15, 2018, my counsel advised the
Court that substantial progress had been made and the parties were only $2 million apart, which
represents approximately 2% of the funds in the estates. Since that time, my counsel and I have
worked tirelessly to bridge the gap between the parties, and recently we got the parties to agree,
but not before some further posturing.
SL1 1546013v3 070187.00001 37 01-14312-mkv Doc 1118 Filed 12/04/18 Entered 12/04/18 15:01:21 Main Document Pg 38 of 42
111. On November 21, 2018, the Noteholder Consortium filed an application to take
Bankruptcy Rule 2004 discovery from me, the Government and Renco Group. I believed the
filing of this application was simply a tactic to gain leverage in ongoing negotiations. 8 In any
event, it was highly counterproductive and presented me with the risk that months of progress
would be scuttled.
112. Since the parties were so close after months of hard work, and to avoid a loss of a
spectacular resolution that would spare the estates from years of expensive litigation, on
November 29th I imposed a deadline of November 30, 2018 for the parties to agree to a Global
Settlement, backed by the threat that I would commence appropriate litigation against whichever
parties were unwilling to settle by my deadline. As a result, the final gap was bridged and on
November 30, 2018 the parties did in fact reach an agreement in principle for the terms of a
Global Settlement, the terms of which shall remain confidential until I am in a position to file a
motion for approval thereof.
113. The Global Settlement is subject to (a) appropriate documentation, (b) approval by
the State of Utah, DOJ, and senior management at EPA, Department of Interior, and BLM, and
(c) Bankruptcy Court approval. The Government estimates that the first two steps will take
approximately 60-75 days. Bankruptcy Court approval will run concurrently with the
Government’s required 30-day public comment period, so that should not engender any delay.
Initial distributions should be made within two to three weeks after Bankruptcy Court approval.
Thus, assuming the parties can adhere to the aforementioned schedule, we believe that
consummation of the Global Settlement could occur in the second quarter of 2019 and perhaps as
early as April.
8 It was withdrawn on November 30, 2018, a couple of hours after the Global Settlement was reached.
SL1 1546013v3 070187.00001 38 01-14312-mkv Doc 1118 Filed 12/04/18 Entered 12/04/18 15:01:21 Main Document Pg 39 of 42
Beus Gilbert Fee Application
114. On December 13, 2017, my special litigation counsel, Beus Gilbert, filed an
application for a final award of compensation in the amount of $88,051,908.61, representing the
agreed 41% of recoveries in the Renco Group Litigation (“Beus Gilbert Fee Application”).9
Both the Noteholder Consortium and Renco Group filed objections thereto, attempting to revisit
the reasonableness of the compensation arrangement that had been negotiated and approved by
the Court in 2003.
115. I supported the approval of the Beus Gilbert Fee Application, pointing out, inter
alia , that (a) without Beus Gilbert’s having agreed to take on the representation, there would
have been no recovery at all and the litigation claims would have expired worthless years ago,
(b) Beus Gilbert bore all the expenses of the case for over 14 years, and (c) Beus Gilbert
achieved a spectacular result, recovering about 99% of the damages sought, plus a very
significant award of interest which nearly doubled the verdict amount.
116. On January 23, 2018, the Court heard argument and reserved decision. On January
31, 2018, a decision and order was entered overruling the objections and granting the Beus
Gilbert Fee Application in full. The fees and expenses paid to Beus Gilbert in an aggregate
amount in excess of $90.2 million constitute the single largest disbursement in this case.
Principal Assets and Liabilities, Collections, Disbursements
117. The principal assets of the Debtors’ estates are cash in the amount of approximately
$93.9 million, consisting primarily of the proceeds of the Amended Judgment and the Sale
Proceeds (after paying AEM, professional fees and other estate expenses).
9 That percentage applied only if the case went to trial, which it did. Lower percentages would have applied if the case had been resolved at an earlier stage. Beus Gilbert had previously sought and in November 2017 was awarded $2,162,250.50 on account of its expenses, without objection.
SL1 1546013v3 070187.00001 39 01-14312-mkv Doc 1118 Filed 12/04/18 Entered 12/04/18 15:01:21 Main Document Pg 40 of 42
118. For several years prior to September 2016, rather than earning interest on bank
accounts, the Debtors had to pay fees. In August 2016, recognizing that the AEM sale would
soon provide me with over $26 million, which would give me leverage in negotiations, I began
discussions with providers of bankruptcy trustee software and services to obtain a better financial
arrangement for the estates. As a result thereof, in September 2016, I reached an arrangement
whereby the Debtors have been earning interest on their bank accounts, rather than paying fees,
since that time.
119. On September 15, 2016, I switched all estate bank accounts from Empire National
Bank to Rabobank. During 2017, the Debtors accounts at Rabobank were earning 0.85% in
interest. After the Second Circuit ruled in my favor in the Renco Group Litigation in March
2017, recognizing that I would likely soon collect in excess of $214 million, which would give
me even more leverage in negotiations, I began discussions with banks and providers of
bankruptcy trustee software and services to obtain an even better financial arrangement for the
estates.
120. As a result thereof, on November 7, 2017, I transferred all funds of both estates to
East West Bank. I did so to earn a much higher rate of interest on the sizable amount of funds in
the estates following the receipt of the proceeds from the Renco Litigation. The interest rate is
adjusted based on the Fed Funds Effective Rate, as it changes from time to time. The estates are
currently earning 2.41% on deposited funds at East West Bank, except for $10 million in a
separate account earning 0.40%. In connection with the switch of funds to East West Bank to
earn substantially more interest, I also had to change the company providing trustee management
software and services from BMS to Epiq, now known as Axos Fiduciary Services. In order to
obtain access to their services at no cost, I had to agree to maintain $10 million in a separate
SL1 1546013v3 070187.00001 40 01-14312-mkv Doc 1118 Filed 12/04/18 Entered 12/04/18 15:01:21 Main Document Pg 41 of 42
account at East West Bank which has been earning interest at the rate of 0.40%, but even with
that condition the current arrangement is far better for the estates. At present, the blended rate
for estate deposits is 2.19%.
121. Nevertheless, the vast majority of the Debtors’ funds (currently approximately
$83.9 million) are now on deposit at 2.41%, which rate will increase as the Federal Reserve
Board raises interest rates. I am very satisfied with these arrangements which were arrived at by
my efforts to achieve the best outcome for the estates following a competitive marketing process.
I am not aware of any other such favorable arrangements for trustees. Furthermore, the interest
earnings on bank deposits have served to defray ongoing expenses. The Debtors do not pay any
income taxes on the interest earnings because they are QSubs (qualified S corporation
subsidiaries) of Renco Group, and thus they do not have an independent existence for tax
purposes. Renco Group is responsible for taxes with respect to any income earned by the
Debtors.
122. My last full report was filed on May 15, 2018 [Docket No. 1008], which covered
the six-month period through April 30, 2018. Between May 1, 2018 and November 30, 2018, on
behalf of MagCorp, I collected $1,085,565.87, and I disbursed $2,002,065.40. Between May 1,
2018 and November 30, 2018, on behalf of Metals, I collected $38.53, and I disbursed $0.00.
123. Since my appointment as chapter 7 trustee herein through November 30, 2018, on
behalf of MagCorp, I have collected $245,579,723.19 and disbursed $150,695,944.71. Since my
appointment as chapter 7 trustee herein, on behalf of Metals, I have collected $4,574.17and
disbursed $1,456.97. Since my appointment as chapter 7 trustee herein through November 30,
2018, I have paid an aggregate of $98,773,613.95 on account of fees and expenses to estate
professionals (including trustee’s commissions and Chapter 11 professionals), of which
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$90,214,159.11 was paid to Beus Gilbert. On December 3, 2018, I paid an additional
$958,485.23 on account of fees and expenses to estate professionals.
124. The Debtors’ principal liabilities are discussed above. The claims of trade creditors
aggregate approximately $4.4 million, Chapter 11 administrative expenses (excluding the
Government) aggregate approximately $200,000 and pre-petition priority claims aggregate
approximately $665,000.
Case Status and Remaining Issues
125. Before a distribution to creditors can be made, the parties need to document and
obtain approval of the Global Settlement discussed above. Assuming full allowance of Chapter
7 administrative claims, I estimate I should have approximately $84 million to (a) fully satisfy
Chapter 11 administrative expense claims (including the Government) and pre-petition priority
claims, and (b) fund an interim distribution to holders of general unsecured claims.
Dated: New York, New York December 4, 2018
s/ Lee E. Buchwald Lee E. Buchwald, Trustee
TO: UNITED STATES TRUSTEE 201 Varick Street, Room 1006 New York, NY 10014 Attn: William K. Harrington, Esq.
SL1 1546013v3 070187.00001 42 01-14312-mkv Doc 1118-1 Filed 12/04/18 Entered 12/04/18 15:01:21 MagCorp Bank Statements Pg 1 of 24 Direct inquiries to: 888 895-5650 9300 Flair Drive Suite 106 El Monte CA 91731 ACCOUNT STATEMENT Page 1 of 2 STARTING DATE: May 01, 2018 ENDING DATE: May 31, 2018 Total days in statement period: 31 55-00009044 ( 0)
For a limited time, enjoy $0 transaction MAGNESIUM CORPORATION OF AMERICA fees on all currency purchases and sales CHAPTER 7 over $300 USD. Visit a local branch or CASE NO 01-14312 (MKV) call 888.819.8883 for details. Standard %BUCHWALD CAPITAL ADVISORS LLC fees apply for transactions under $300 380 LEXINGTON AVE 17TH FL USD. Offer ends 12/31/18. Terms and NEW YORK NY 10168-1799 conditions apply.
Money Market 6 Check Option
Account number 55-00009044 Beginning balance $85,798,675.57 Low balance $85,741,027.37 Total additions ( 5) 172,075.84 Average balance $85,743,894.98 Total subtractions ( 3) 62,455.52 Interest paid year to date $696,307.01 Ending balance $85,908,295.89
CREDITS Number Date Transaction Description Additions 05-01 Transfer Credit 1,602.44 05-04 Transfer Credit 1,602.44 05-04 Transfer Credit 1,602.44 05-29 Deposit 29,632.00 05-31 Interest Credit 137,636.52
DEBITS Date Transaction Description Subtractions 05-01 Outgoing Wire Mazars USA LLP -59,250.64 05-04 Transfer Debit -1,602.44 05-04 Transfer Debit -1,602.44
DAILY BALANCES Date Amount Date Amount Date Amount 04-30 85,798,675.57 05-04 85,741,027.37 05-31 85,908,295.89 05-01 85,741,027.37 05-29 85,770,659.37
INTEREST INFORMATION Annual percentage yield earned 1.91% Interest-bearing days 31 Average balance for APY $85,743,894.98 Interest earned $137,636.52 01-14312-mkv Doc 1118-1 Filed 12/04/18 Entered 12/04/18 15:01:21ACCOUNT MagCorp STATEMENT Bank Statements Pg 2 of 24 Page 2 of 2 9300 Flair Drive Suite 106 STARTING DATE: May 01, 2018 El Monte CA 91731 ENDING DATE: May 31, 2018 55-00009044 MAGNESIUM CORPORATION OF AMERICA
OVERDRAFT/RETURN ITEM FEES
Total for Total this period year-to-date
Total Overdraft Fees $0.00 $0.00
Total Returned Item Fees $0.00 $0.00 01-14312-mkv Doc 1118-1 Filed 12/04/18 Entered 12/04/18 15:01:21 MagCorp Bank Statements Pg 3 of 24 Direct inquiries to: 888 895-5650 9300 Flair Drive Suite 106 El Monte CA 91731 ACCOUNT STATEMENT Page 1 of 2 STARTING DATE: June 01, 2018 ENDING DATE: June 30, 2018 Total days in statement period: 30 55-00009044 ( 0)
For a limited time, enjoy $0 transaction MAGNESIUM CORPORATION OF AMERICA fees on all currency purchases and sales CHAPTER 7 over $300 USD. Visit a local branch or CASE NO 01-14312 (MKV) call 888.819.8883 for details. Standard %BUCHWALD CAPITAL ADVISORS LLC fees apply for transactions under $300 380 LEXINGTON AVE 17TH FL USD. Offer ends 12/31/18. Terms and NEW YORK NY 10168-1799 conditions apply.
Money Market 6 Check Option
Account number 55-00009044 Beginning balance $85,908,295.89 Low balance $85,904,952.20 Total additions ( 2) 135,107.52 Average balance $85,907,785.53 Total subtractions ( 1) 5,000.00 Interest paid year to date $829,758.22 Ending balance $86,038,403.41
CREDITS Number Date Transaction Description Additions 06-01 Transfer Credit TRANSFER FROM XXXXXX9086 AS REQUESTED. 1,656.31 06-30 Interest Credit 133,451.21
DEBITS Date Transaction Description Subtractions 06-18 Outgoing Wire Capsicum Group, LL C -5,000.00
DAILY BALANCES Date Amount Date Amount Date Amount 05-31 85,908,295.89 06-18 85,904,952.20 06-01 85,909,952.20 06-30 86,038,403.41
INTEREST INFORMATION Annual percentage yield earned 1.91% Interest-bearing days 30 Average balance for APY $85,907,785.53 Interest earned $133,451.21 01-14312-mkv Doc 1118-1 Filed 12/04/18 Entered 12/04/18 15:01:21ACCOUNT MagCorp STATEMENT Bank Statements Pg 4 of 24 Page 2 of 2 9300 Flair Drive Suite 106 STARTING DATE: June 01, 2018 El Monte CA 91731 ENDING DATE: June 30, 2018 55-00009044 MAGNESIUM CORPORATION OF AMERICA
OVERDRAFT/RETURN ITEM FEES
Total for Total this period year-to-date
Total Overdraft Fees $0.00 $0.00
Total Returned Item Fees $0.00 $0.00 01-14312-mkv Doc 1118-1 Filed 12/04/18 Entered 12/04/18 15:01:21 MagCorp Bank Statements Pg 5 of 24 Direct inquiries to: 888 895-5650 9300 Flair Drive Suite 106 El Monte CA 91731 ACCOUNT STATEMENT Page 1 of 2 STARTING DATE: July 01, 2018 ENDING DATE: July 31, 2018 Total days in statement period: 31 55-00009044 ( 0)
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Money Market 6 Check Option
Account number 55-00009044 Beginning balance $86,038,403.41 Low balance $86,021,591.08 Total additions ( 2) 156,410.29 Average balance $86,024,078.57 Total subtractions ( 1) 20,100.00 Interest paid year to date $982,880.84 Ending balance $86,174,713.70
CREDITS Number Date Transaction Description Additions 07-02 Transfer Credit 3,287.67 07-31 Interest Credit 153,122.62
DEBITS Date Transaction Description Subtractions 07-05 Outgoing Wire Capsicum Group, LL C -20,100.00
DAILY BALANCES Date Amount Date Amount Date Amount 06-30 86,038,403.41 07-05 86,021,591.08 07-02 86,041,691.08 07-31 86,174,713.70
INTEREST INFORMATION Annual percentage yield earned 2.12% Interest-bearing days 31 Average balance for APY $86,024,078.57 Interest earned $153,122.62 01-14312-mkv Doc 1118-1 Filed 12/04/18 Entered 12/04/18 15:01:21ACCOUNT MagCorp STATEMENT Bank Statements Pg 6 of 24 Page 2 of 2 9300 Flair Drive Suite 106 STARTING DATE: July 01, 2018 El Monte CA 91731 ENDING DATE: July 31, 2018 55-00009044 MAGNESIUM CORPORATION OF AMERICA
OVERDRAFT/RETURN ITEM FEES
Total for Total this period year-to-date
Total Overdraft Fees $0.00 $0.00
Total Returned Item Fees $0.00 $0.00 01-14312-mkv Doc 1118-1 Filed 12/04/18 Entered 12/04/18 15:01:21 MagCorp Bank Statements Pg 7 of 24 Direct inquiries to: 888 895-5650 9300 Flair Drive Suite 106 El Monte CA 91731 ACCOUNT STATEMENT Page 1 of 2 STARTING DATE: August 01, 2018 ENDING DATE: August 31, 2018 Total days in statement period: 31 55-00009044 ( 0)
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Money Market 6 Check Option
Account number 55-00009044 Beginning balance $86,174,713.70 Low balance $85,160,737.71 Total additions ( 3) 159,677.53 Average balance $85,914,242.63 Total subtractions ( 3) 1,019,690.54 Interest paid year to date $136,843.82 Ending balance $85,314,700.69
CREDITS Number Date Transaction Description Additions 08-01 Transfer Credit 3,397.05 08-07 Wire Trans-IN BANK OF AMERICA 2,317.50 08-31 Interest Credit 153,962.98
DEBITS Date Transaction Description Subtractions 08-07 Outgoing Wire Capsicum Group, LL C -2,362.50 08-07 Outgoing Wire Capsicum Group, LL C -2,362.50 08-24 Outgoing Wire Stevens & Lee, P.C . -1,014,965.54
DAILY BALANCES Date Amount Date Amount Date Amount 07-31 86,174,713.70 08-07 86,175,703.25 08-31 85,314,700.69 08-01 86,178,110.75 08-24 85,160,737.71
INTEREST INFORMATION Annual percentage yield earned 2.13% Interest-bearing days 31 Average balance for APY $85,914,242.63 Interest earned $153,962.98 01-14312-mkv Doc 1118-1 Filed 12/04/18 Entered 12/04/18 15:01:21ACCOUNT MagCorp STATEMENT Bank Statements Pg 8 of 24 Page 2 of 2 9300 Flair Drive Suite 106 STARTING DATE: August 01, 2018 El Monte CA 91731 ENDING DATE: August 31, 2018 55-00009044 MAGNESIUM CORPORATION OF AMERICA
OVERDRAFT/RETURN ITEM FEES
Total for Total this period year-to-date
Total Overdraft Fees $0.00 $0.00
Total Returned Item Fees $0.00 $0.00 01-14312-mkv Doc 1118-1 Filed 12/04/18 Entered 12/04/18 15:01:21 MagCorp Bank Statements Pg 9 of 24 Direct inquiries to: 888 895-5650 9300 Flair Drive Suite 106 El Monte CA 91731 ACCOUNT STATEMENT Page 1 of 2 STARTING DATE: September 01, 2018 ENDING DATE: September 30, 2018 Total days in statement period: 30 55-00009044 ( 0)
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Money Market 6 Check Option
Account number 55-00009044 Beginning balance $85,314,700.69 Low balance $85,311,902.75 Total additions ( 2) 152,051.00 Average balance $85,312,389.04 Total subtractions ( 1) 6,195.00 Interest paid year to date $285,497.76 Ending balance $85,460,556.69
CREDITS Number Date Transaction Description Additions 09-04 Transfer Credit 3,397.06 09-30 Interest Credit 148,653.94
DEBITS Date Transaction Description Subtractions 09-05 Outgoing Wire Capsicum Group, LL C -6,195.00
DAILY BALANCES Date Amount Date Amount Date Amount 08-31 85,314,700.69 09-05 85,311,902.75 09-04 85,318,097.75 09-30 85,460,556.69
INTEREST INFORMATION Annual percentage yield earned 2.14% Interest-bearing days 30 Average balance for APY $85,312,389.04 Interest earned $148,653.94 01-14312-mkv Doc 1118-1 Filed 12/04/18 Entered 12/04/18 15:01:21ACCOUNT MagCorp STATEMENT Bank Statements Pg 10 of 24 Page 2 of 2 9300 Flair Drive Suite 106 STARTING DATE: September 01, 2018 El Monte CA 91731 ENDING DATE: September 30, 2018 55-00009044 MAGNESIUM CORPORATION OF AMERICA
OVERDRAFT/RETURN ITEM FEES
Total for Total this period year-to-date
Total Overdraft Fees $0.00 $0.00
Total Returned Item Fees $0.00 $0.00 01-14312-mkv Doc 1118-1 Filed 12/04/18 Entered 12/04/18 15:01:21 MagCorp Bank Statements Pg 11 of 24 Direct inquiries to: 888 895-5650 9300 Flair Drive Suite 106 El Monte CA 91731 ACCOUNT STATEMENT Page 1 of 2 STARTING DATE: October 01, 2018 ENDING DATE: October 31, 2018 Total days in statement period: 31 55-00009044 ( 0)
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Money Market 6 Check Option
Account number 55-00009044 Beginning balance $85,460,556.69 Low balance $84,601,009.38 Total additions ( 2) 174,491.23 Average balance $84,696,717.73 Total subtractions ( 4) 862,835.09 Interest paid year to date $456,701.21 Ending balance $84,772,212.83
CREDITS Number Date Transaction Description Additions 10-01 Transfer Credit 3,287.78 10-31 Interest Credit 171,203.45
DEBITS Date Transaction Description Subtractions 10-03 Outgoing Wire Buchwald Capital A dvisors LLC -3,690.74 10-03 Outgoing Wire Buchwald Capital A dvisors LLC -750,000.00 10-05 Outgoing Wire Capsicum Group, LL C -6,844.35 10-15 Outgoing Wire International Sure ties, Ltd. -102,300.00
DAILY BALANCES Date Amount Date Amount Date Amount 09-30 85,460,556.69 10-03 84,710,153.73 10-15 84,601,009.38 10-01 85,463,844.47 10-05 84,703,309.38 10-31 84,772,212.83
INTEREST INFORMATION Annual percentage yield earned 2.41% Interest-bearing days 31 Average balance for APY $84,696,717.73 Interest earned $171,203.45 01-14312-mkv Doc 1118-1 Filed 12/04/18 Entered 12/04/18 15:01:21ACCOUNT MagCorp STATEMENT Bank Statements Pg 12 of 24 Page 2 of 2 9300 Flair Drive Suite 106 STARTING DATE: October 01, 2018 El Monte CA 91731 ENDING DATE: October 31, 2018 55-00009044 MAGNESIUM CORPORATION OF AMERICA
OVERDRAFT/RETURN ITEM FEES
Total for Total this period year-to-date
Total Overdraft Fees $0.00 $0.00
Total Returned Item Fees $0.00 $0.00 01-14312-mkv Doc 1118-1 Filed 12/04/18 Entered 12/04/18 15:01:21 MagCorp Bank Statements Pg 13 of 24 01-14312-mkv Doc 1118-1 Filed 12/04/18 Entered 12/04/18 15:01:21 MagCorp Bank Statements Pg 14 of 24 01-14312-mkv Doc 1118-1 Filed 12/04/18 Entered 12/04/18 15:01:21 MagCorp Bank Statements Pg 15 of 24 Direct inquiries to: 888 895-5650 9300 Flair Drive Suite 106 El Monte CA 91731 ACCOUNT STATEMENT Page 1 of 2 STARTING DATE: May 01, 2018 ENDING DATE: May 31, 2018 Total days in statement period: 31 55-00009086 ( 0)
For a limited time, enjoy $0 transaction MAGNESIUM CORPORATION OF AMERICA fees on all currency purchases and sales CHAPTER 7 over $300 USD. Visit a local branch or CASE NO 01-14312 (MKV) call 888.819.8883 for details. Standard %BUCHWALD CAPITAL ADVISORS LLC fees apply for transactions under $300 380 LEXINGTON AVE 17TH FL USD. Offer ends 12/31/18. Terms and NEW YORK NY 10168-1799 conditions apply.
Money Market 6 Check
Account number 55-00009086 Beginning balance $10,001,602.44 Low balance $9,998,397.56 Total additions ( 3) 4,861.19 Average balance $10,000,000.00 Total subtractions ( 3) 4,807.32 Interest paid year to date $8,092.19 Ending balance $10,001,656.31
CREDITS Number Date Transaction Description Additions 05-04 Transfer Credit 1,602.44 05-04 Transfer Credit 1,602.44 05-31 Interest Credit 1,656.31
DEBITS Date Transaction Description Subtractions 05-01 Transfer Debit -1,602.44 05-04 Transfer Debit -1,602.44 05-04 Transfer Debit -1,602.44
DAILY BALANCES Date Amount Date Amount Date Amount 04-30 10,001,602.44 05-04 10,000,000.00 05-01 10,000,000.00 05-31 10,001,656.31
INTEREST INFORMATION Annual percentage yield earned 0.20% Interest-bearing days 31 Average balance for APY $10,000,000.00 Interest earned $1,656.31 01-14312-mkv Doc 1118-1 Filed 12/04/18 Entered 12/04/18 15:01:21ACCOUNT MagCorp STATEMENT Bank Statements Pg 16 of 24 Page 2 of 2 9300 Flair Drive Suite 106 STARTING DATE: May 01, 2018 El Monte CA 91731 ENDING DATE: May 31, 2018 55-00009086 MAGNESIUM CORPORATION OF AMERICA
OVERDRAFT/RETURN ITEM FEES
Total for Total this period year-to-date
Total Overdraft Fees $0.00 $0.00
Total Returned Item Fees $0.00 $0.00 01-14312-mkv Doc 1118-1 Filed 12/04/18 Entered 12/04/18 15:01:21 MagCorp Bank Statements Pg 17 of 24 Direct inquiries to: 888 895-5650 9300 Flair Drive Suite 106 El Monte CA 91731 ACCOUNT STATEMENT Page 1 of 1 STARTING DATE: June 01, 2018 ENDING DATE: June 30, 2018 Total days in statement period: 30 55-00009086 ( 0)
For a limited time, enjoy $0 transaction MAGNESIUM CORPORATION OF AMERICA fees on all currency purchases and sales CHAPTER 7 over $300 USD. Visit a local branch or CASE NO 01-14312 (MKV) call 888.819.8883 for details. Standard %BUCHWALD CAPITAL ADVISORS LLC fees apply for transactions under $300 380 LEXINGTON AVE 17TH FL USD. Offer ends 12/31/18. Terms and NEW YORK NY 10168-1799 conditions apply.
Money Market 6 Check
Account number 55-00009086 Beginning balance $10,001,656.31 Low balance $10,000,000.00 Total additions ( 1) 3,287.67 Average balance $10,000,000.00 Total subtractions ( 1) 1,656.31 Interest paid year to date $11,379.86 Ending balance $10,003,287.67
CREDITS Number Date Transaction Description Additions 06-30 Interest Credit 3,287.67
DEBITS Date Transaction Description Subtractions 06-01 Transfer Debit TRANSFER INTO XXXXXX9044 AS REQUESTED. -1,656.31
DAILY BALANCES Date Amount Date Amount Date Amount 05-31 10,001,656.31 06-01 10,000,000.00 06-30 10,003,287.67
INTEREST INFORMATION Annual percentage yield earned 0.40% Interest-bearing days 30 Average balance for APY $10,000,000.00 Interest earned $3,287.67
OVERDRAFT/RETURN ITEM FEES
Total for Total this period year-to-date
Total Overdraft Fees $0.00 $0.00
Total Returned Item Fees $0.00 $0.00 01-14312-mkv Doc 1118-1 Filed 12/04/18 Entered 12/04/18 15:01:21 MagCorp Bank Statements Pg 18 of 24 Direct inquiries to: 888 895-5650 9300 Flair Drive Suite 106 El Monte CA 91731 ACCOUNT STATEMENT Page 1 of 2 STARTING DATE: July 01, 2018 ENDING DATE: July 31, 2018 Total days in statement period: 31 55-00009086 ( 0)
Gifting is simple with the East West Bank MAGNESIUM CORPORATION OF AMERICA Visa® gift card! It's great for any occasion CHAPTER 7 and is accepted at millions of locations CASE NO 01-14312 (MKV) worldwide with the protection you expect %BUCHWALD CAPITAL ADVISORS LLC from Visa®. Visit your local branch for 380 LEXINGTON AVE 17TH FL details! NEW YORK NY 10168-1799
Money Market 6 Check
Account number 55-00009086 Beginning balance $10,003,287.67 Low balance $9,998,818.32 Total additions ( 1) 3,397.05 Average balance $9,999,381.80 Total subtractions ( 2) 4,469.35 Interest paid year to date $14,776.91 Ending balance $10,002,215.37
CREDITS Number Date Transaction Description Additions 07-31 Interest Credit 3,397.05
DEBITS Date Transaction Description Subtractions 07-02 Transfer Debit -3,287.67 07-13 Analysis Servic ANALYSIS ACTIVITY FOR 06/18 -1,181.68
DAILY BALANCES Date Amount Date Amount Date Amount 06-30 10,003,287.67 07-13 9,998,818.32 07-02 10,000,000.00 07-31 10,002,215.37
INTEREST INFORMATION Annual percentage yield earned 0.40% Interest-bearing days 31 Average balance for APY $9,999,381.80 Interest earned $3,397.05 01-14312-mkv Doc 1118-1 Filed 12/04/18 Entered 12/04/18 15:01:21ACCOUNT MagCorp STATEMENT Bank Statements Pg 19 of 24 Page 2 of 2 9300 Flair Drive Suite 106 STARTING DATE: July 01, 2018 El Monte CA 91731 ENDING DATE: July 31, 2018 55-00009086 MAGNESIUM CORPORATION OF AMERICA
OVERDRAFT/RETURN ITEM FEES
Total for Total this period year-to-date
Total Overdraft Fees $0.00 $0.00
Total Returned Item Fees $0.00 $0.00 01-14312-mkv Doc 1118-1 Filed 12/04/18 Entered 12/04/18 15:01:21 MagCorp Bank Statements Pg 20 of 24 Direct inquiries to: 888 895-5650 9300 Flair Drive Suite 106 El Monte CA 91731 ACCOUNT STATEMENT Page 1 of 2 STARTING DATE: August 01, 2018 ENDING DATE: August 31, 2018 Total days in statement period: 31 55-00009086 ( 0)
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Money Market 6 Check Option
Account number 55-00009086 Beginning balance $10,002,215.37 Low balance $9,998,802.53 Total additions ( 3) 5,776.21 Average balance $9,999,421.09 Total subtractions ( 2) 4,594.52 Interest paid year to date $18,173.97 Ending balance $10,003,397.06
CREDITS Number Date Transaction Description Additions 08-02 Fee Refund 1,181.68 08-27 Credit Memo REV FEE 1,197.47 08-31 Interest Credit 3,397.06
DEBITS Date Transaction Description Subtractions 08-01 Transfer Debit -3,397.05 08-13 Analysis Servic ANALYSIS ACTIVITY FOR 07/18 -1,197.47
DAILY BALANCES Date Amount Date Amount Date Amount 07-31 10,002,215.37 08-02 10,000,000.00 08-27 10,000,000.00 08-01 9,998,818.32 08-13 9,998,802.53 08-31 10,003,397.06
INTEREST INFORMATION Annual percentage yield earned 0.40% Interest-bearing days 31 Average balance for APY $9,999,421.09 Interest earned $3,397.06 01-14312-mkv Doc 1118-1 Filed 12/04/18 Entered 12/04/18 15:01:21ACCOUNT MagCorp STATEMENT Bank Statements Pg 21 of 24 Page 2 of 2 9300 Flair Drive Suite 106 STARTING DATE: August 01, 2018 El Monte CA 91731 ENDING DATE: August 31, 2018 55-00009086 MAGNESIUM CORPORATION OF AMERICA
OVERDRAFT/RETURN ITEM FEES
Total for Total this period year-to-date
Total Overdraft Fees $0.00 $0.00
Total Returned Item Fees $0.00 $0.00 01-14312-mkv Doc 1118-1 Filed 12/04/18 Entered 12/04/18 15:01:21 MagCorp Bank Statements Pg 22 of 24 Direct inquiries to: 888 895-5650 9300 Flair Drive Suite 106 El Monte CA 91731 ACCOUNT STATEMENT Page 1 of 1 STARTING DATE: September 01, 2018 ENDING DATE: September 30, 2018 Total days in statement period: 30 55-00009086 ( 0)
Set up Direct Deposit and allow your MAGNESIUM CORPORATION OF AMERICA payments to go into your account CHAPTER 7 automatically. Save yourself a trip to the CASE NO 01-14312 (MKV) bank and no more waiting for paper %BUCHWALD CAPITAL ADVISORS LLC checks. Enrolling is easy! Talk to your 380 LEXINGTON AVE 17TH FL payer today. NEW YORK NY 10168-1799
Money Market 6 Check Option
Account number 55-00009086 Beginning balance $10,003,397.06 Low balance $10,000,000.00 Total additions ( 1) 3,287.78 Average balance $10,000,339.71 Total subtractions ( 1) 3,397.06 Interest paid year to date $21,461.75 Ending balance $10,003,287.78
CREDITS Number Date Transaction Description Additions 09-30 Interest Credit 3,287.78
DEBITS Date Transaction Description Subtractions 09-04 Transfer Debit -3,397.06
DAILY BALANCES Date Amount Date Amount Date Amount 08-31 10,003,397.06 09-04 10,000,000.00 09-30 10,003,287.78
INTEREST INFORMATION Annual percentage yield earned 0.40% Interest-bearing days 30 Average balance for APY $10,000,339.71 Interest earned $3,287.78
OVERDRAFT/RETURN ITEM FEES
Total for Total this period year-to-date
Total Overdraft Fees $0.00 $0.00
Total Returned Item Fees $0.00 $0.00 01-14312-mkv Doc 1118-1 Filed 12/04/18 Entered 12/04/18 15:01:21 MagCorp Bank Statements Pg 23 of 24 Direct inquiries to: 888 895-5650 9300 Flair Drive Suite 106 El Monte CA 91731 ACCOUNT STATEMENT Page 1 of 1 STARTING DATE: October 01, 2018 ENDING DATE: October 31, 2018 Total days in statement period: 31 55-00009086 ( 0)
Gifting is simple with the East West Bank MAGNESIUM CORPORATION OF AMERICA Visa® Gift Card! It's great for any CHAPTER 7 occasion and is accepted at millions of CASE NO 01-14312 (MKV) locations worldwide with the protection %BUCHWALD CAPITAL ADVISORS LLC you expect from Visa®. Visit your local 380 LEXINGTON AVE 17TH FL branch for details! NEW YORK NY 10168-1799
Money Market 6 Check Option
Account number 55-00009086 Beginning balance $10,003,287.78 Low balance $10,000,000.00 Total additions ( 1) 3,397.26 Average balance $10,000,000.00 Total subtractions ( 1) 3,287.78 Interest paid year to date $24,859.01 Ending balance $10,003,397.26
CREDITS Number Date Transaction Description Additions 10-31 Interest Credit 3,397.26
DEBITS Date Transaction Description Subtractions 10-01 Transfer Debit -3,287.78
DAILY BALANCES Date Amount Date Amount Date Amount 09-30 10,003,287.78 10-01 10,000,000.00 10-31 10,003,397.26
INTEREST INFORMATION Annual percentage yield earned 0.40% Interest-bearing days 31 Average balance for APY $10,000,000.00 Interest earned $3,397.26
OVERDRAFT/RETURN ITEM FEES
Total for Total this period year-to-date
Total Overdraft Fees $0.00 $0.00
Total Returned Item Fees $0.00 $0.00 01-14312-mkv Doc 1118-1 Filed 12/04/18 Entered 12/04/18 15:01:21 MagCorp Bank Statements Pg 24 of 24 01-14312-mkv Doc 1118-2 Filed 12/04/18 Entered 12/04/18 15:01:21 Renco Metals Bank Statements Pg 1 of 7 Direct inquiries to: 888 895-5650 9300 Flair Drive Suite 106 El Monte CA 91731 ACCOUNT STATEMENT Page 1 of 1 STARTING DATE: May 01, 2018 ENDING DATE: May 31, 2018 Total days in statement period: 31 55-00009093 ( 0)
For a limited time, enjoy $0 transaction RENCO METALS, INC. fees on all currency purchases and sales CHAPTER 7 over $300 USD. Visit a local branch or CASE NO 01-14312 (MKV) call 888.819.8883 for details. Standard 380 LEXINGTON AVE 17TH FL fees apply for transactions under $300 NEW YORK NY 10168-1799 USD. Offer ends 12/31/18. Terms and conditions apply.
Value Maximizer MMA 6 Ck
Account number 55-00009093 Beginning balance $3,078.56 Low balance $3,078.56 Total additions ( 1) 4.94 Average balance $3,078.56 Total subtractions ( 0) 0.00 Interest paid year to date $20.99 Ending balance $3,083.50
CREDITS Number Date Transaction Description Additions 05-31 Interest Credit 4.94
DAILY BALANCES Date Amount Date Amount Date Amount 04-30 3,078.56 05-31 3,083.50
INTEREST INFORMATION Annual percentage yield earned 1.91% Interest-bearing days 31 Average balance for APY $3,078.56 Interest earned $4.94
OVERDRAFT/RETURN ITEM FEES
Total for Total this period year-to-date
Total Overdraft Fees $0.00 $0.00
Total Returned Item Fees $0.00 $0.00 01-14312-mkv Doc 1118-2 Filed 12/04/18 Entered 12/04/18 15:01:21 Renco Metals Bank Statements Pg 2 of 7 Direct inquiries to: 888 895-5650 9300 Flair Drive Suite 106 El Monte CA 91731 ACCOUNT STATEMENT Page 1 of 1 STARTING DATE: June 01, 2018 ENDING DATE: June 30, 2018 Total days in statement period: 30 55-00009093 ( 0)
For a limited time, enjoy $0 transaction RENCO METALS, INC. fees on all currency purchases and sales CHAPTER 7 over $300 USD. Visit a local branch or CASE NO 01-14312 (MKV) call 888.819.8883 for details. Standard 380 LEXINGTON AVE 17TH FL fees apply for transactions under $300 NEW YORK NY 10168-1799 USD. Offer ends 12/31/18. Terms and conditions apply.
Value Maximizer MMA 6 Ck
Account number 55-00009093 Beginning balance $3,083.50 Low balance $3,083.50 Total additions ( 1) 4.79 Average balance $3,083.50 Total subtractions ( 0) 0.00 Interest paid year to date $25.78 Ending balance $3,088.29
CREDITS Number Date Transaction Description Additions 06-30 Interest Credit 4.79
DAILY BALANCES Date Amount Date Amount Date Amount 05-31 3,083.50 06-30 3,088.29
INTEREST INFORMATION Annual percentage yield earned 1.91% Interest-bearing days 30 Average balance for APY $3,083.50 Interest earned $4.79
OVERDRAFT/RETURN ITEM FEES
Total for Total this period year-to-date
Total Overdraft Fees $0.00 $0.00
Total Returned Item Fees $0.00 $0.00 01-14312-mkv Doc 1118-2 Filed 12/04/18 Entered 12/04/18 15:01:21 Renco Metals Bank Statements Pg 3 of 7 Direct inquiries to: 888 895-5650 9300 Flair Drive Suite 106 El Monte CA 91731 ACCOUNT STATEMENT Page 1 of 1 STARTING DATE: July 01, 2018 ENDING DATE: July 31, 2018 Total days in statement period: 31 55-00009093 ( 0)
Gifting is simple with the East West Bank RENCO METALS, INC. Visa® gift card! It's great for any occasion CHAPTER 7 and is accepted at millions of locations CASE NO 01-14312 (MKV) worldwide with the protection you expect 380 LEXINGTON AVE 17TH FL from Visa®. Visit your local branch for NEW YORK NY 10168-1799 details!
Value Maximizer MMA 6 Ck
Account number 55-00009093 Beginning balance $3,088.29 Low balance $3,088.29 Total additions ( 1) 5.50 Average balance $3,088.29 Total subtractions ( 0) 0.00 Interest paid year to date $31.28 Ending balance $3,093.79
CREDITS Number Date Transaction Description Additions 07-31 Interest Credit 5.50
DAILY BALANCES Date Amount Date Amount Date Amount 06-30 3,088.29 07-31 3,093.79
INTEREST INFORMATION Annual percentage yield earned 2.12% Interest-bearing days 31 Average balance for APY $3,088.29 Interest earned $5.50
OVERDRAFT/RETURN ITEM FEES
Total for Total this period year-to-date
Total Overdraft Fees $0.00 $0.00
Total Returned Item Fees $0.00 $0.00 01-14312-mkv Doc 1118-2 Filed 12/04/18 Entered 12/04/18 15:01:21 Renco Metals Bank Statements Pg 4 of 7 Direct inquiries to: 888 895-5650 9300 Flair Drive Suite 106 El Monte CA 91731 ACCOUNT STATEMENT Page 1 of 1 STARTING DATE: August 01, 2018 ENDING DATE: August 31, 2018 Total days in statement period: 31 55-00009093 ( 0)
Set up Direct Deposit and allow your RENCO METALS, INC. payments to go into your account CHAPTER 7 automatically. Save yourself a trip to the CASE NO 01-14312 (MKV) bank and no more waiting for paper 380 LEXINGTON AVE 17TH FL checks. Enrolling is easy! Talk to your NEW YORK NY 10168-1799 payer today.
Value Maximizer MMA 6 Ck
Account number 55-00009093 Beginning balance $3,093.79 Low balance $3,093.79 Total additions ( 1) 5.54 Average balance $3,093.79 Total subtractions ( 0) 0.00 Interest paid year to date $36.82 Ending balance $3,099.33
CREDITS Number Date Transaction Description Additions 08-31 Interest Credit 5.54
DAILY BALANCES Date Amount Date Amount Date Amount 07-31 3,093.79 08-31 3,099.33
INTEREST INFORMATION Annual percentage yield earned 2.13% Interest-bearing days 31 Average balance for APY $3,093.79 Interest earned $5.54
OVERDRAFT/RETURN ITEM FEES
Total for Total this period year-to-date
Total Overdraft Fees $0.00 $0.00
Total Returned Item Fees $0.00 $0.00 01-14312-mkv Doc 1118-2 Filed 12/04/18 Entered 12/04/18 15:01:21 Renco Metals Bank Statements Pg 5 of 7 Direct inquiries to: 888 895-5650 9300 Flair Drive Suite 106 El Monte CA 91731 ACCOUNT STATEMENT Page 1 of 1 STARTING DATE: September 01, 2018 ENDING DATE: September 30, 2018 Total days in statement period: 30 55-00009093 ( 0)
Set up Direct Deposit and allow your RENCO METALS, INC. payments to go into your account CHAPTER 7 automatically. Save yourself a trip to the CASE NO 01-14312 (MKV) bank and no more waiting for paper 380 LEXINGTON AVE 17TH FL checks. Enrolling is easy! Talk to your NEW YORK NY 10168-1799 payer today.
Value Maximizer MMA 6 Ck
Account number 55-00009093 Beginning balance $3,099.33 Low balance $3,099.33 Total additions ( 1) 5.40 Average balance $3,099.33 Total subtractions ( 0) 0.00 Interest paid year to date $42.22 Ending balance $3,104.73
CREDITS Number Date Transaction Description Additions 09-30 Interest Credit 5.40
DAILY BALANCES Date Amount Date Amount Date Amount 08-31 3,099.33 09-30 3,104.73
INTEREST INFORMATION Annual percentage yield earned 2.14% Interest-bearing days 30 Average balance for APY $3,099.33 Interest earned $5.40
OVERDRAFT/RETURN ITEM FEES
Total for Total this period year-to-date
Total Overdraft Fees $0.00 $0.00
Total Returned Item Fees $0.00 $0.00 01-14312-mkv Doc 1118-2 Filed 12/04/18 Entered 12/04/18 15:01:21 Renco Metals Bank Statements Pg 6 of 7 Direct inquiries to: 888 895-5650 9300 Flair Drive Suite 106 El Monte CA 91731 ACCOUNT STATEMENT Page 1 of 1 STARTING DATE: October 01, 2018 ENDING DATE: October 31, 2018 Total days in statement period: 31 55-00009093 ( 0)
Gifting is simple with the East West Bank RENCO METALS, INC. Visa® Gift Card! It's great for any CHAPTER 7 occasion and is accepted at millions of CASE NO 01-14312 (MKV) locations worldwide with the protection 380 LEXINGTON AVE 17TH FL you expect from Visa®. Visit your local NEW YORK NY 10168-1799 branch for details!
Value Maximizer MMA 6 Ck
Account number 55-00009093 Beginning balance $3,104.73 Low balance $3,104.73 Total additions ( 1) 6.28 Average balance $3,104.73 Total subtractions ( 0) 0.00 Interest paid year to date $48.50 Ending balance $3,111.01
CREDITS Number Date Transaction Description Additions 10-31 Interest Credit 6.28
DAILY BALANCES Date Amount Date Amount Date Amount 09-30 3,104.73 10-31 3,111.01
INTEREST INFORMATION Annual percentage yield earned 2.41% Interest-bearing days 31 Average balance for APY $3,104.73 Interest earned $6.28
OVERDRAFT/RETURN ITEM FEES
Total for Total this period year-to-date
Total Overdraft Fees $0.00 $0.00
Total Returned Item Fees $0.00 $0.00 01-14312-mkv Doc 1118-2 Filed 12/04/18 Entered 12/04/18 15:01:21 Renco Metals Bank Statements Pg 7 of 7 Page: 1 01-14312-mkv Doc 1118-3 Filed 12/04/18 Entered 12/04/18 15:01:21 MagCorp FORM 1 INDIVIDUAL Forms ESTATE 1 PROPERTYand 2 Pg RECORD 1 of 67 AND REPORT ASSET CASES
Case No: 01-14312 MKV Judge: Mary Kay Vyskocil Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Magnesium Corporation of America Date Filed (f) or Converted (c): 09/24/2003 (c) 341(a) Meeting Date: 05/24/2004 For Period Ending: 11/30/2018 Claims Bar Date:
1 2 3 4 5 6
Asset Description Petition/ Est Net Value Property Formally Sale/Funds Asset Fully (Scheduled and Unscheduled (u) Property) Unscheduled (Value Determined by Abandoned Received by Administered (FA)/ Values Trustee, Less Liens, OA=554(a) the Estate Gross Value of Remaining Exemptions, Assets and Other Costs)
1. Preference settlement with Praxair Distribution (u) 0.00 65,000.00 65,000.00 FA 2. Payment of preference from Platt Electric (u) 0.00 6,686.92 6,686.92 FA 3. Preference settlement with Anixter, Inc. (u) 0.00 8,500.00 8,500.00 FA 4. Preference settlement with VWR International, Inc. 0.00 5,000.00 5,000.00 FA 5. Cash received from Chapter 11 Estate 0.00 217,613.82 217,613.82 FA 6. Preference settlement with Wagner Corp. (Salt 0.00 4,504.69 4,504.69 FA 7. Preference settlement from IHI Environmental Salt 0.00 2,500.00 2,500.00 FA 8. Preference settlement with Process Technology 0.00 15,000.00 15,000.00 FA 9. Preference settlement from Rocky Mountain Wire 0.00 2,500.00 2,500.00 FA 10. Preference settlement with Xerox Corporation 0.00 8,848.00 8,848.00 FA 11. Preference settlement with North American Salt 0.00 5,000.00 5,000.00 FA 12. Preference settlement with Tom D. Pratt, Inc. 0.00 2,000.00 2,000.00 FA 13. Preference settlement with Cadwalader, Wickersham 0.00 27,000.00 27,000.00 FA 14. Preference settlement with Crus Oil Inc. (Salt 0.00 4,500.00 4,500.00 FA 15. Preference settlement with Industrial Gasket, 0.00 10,000.00 10,000.00 FA 16. Preference settlement with Air Liquide America 0.00 4,956.67 4,956.67 FA 17. Preference settlement with CDW Direct, LLC. 0.00 1,500.00 1,500.00 FA 18. Preference settlement with Salt Lake Windustrial 0.00 4,500.00 4,500.00 FA 19. Preference settlement with SEC Corporation 0.00 219,000.00 219,000.00 FA 20. Preference settlement with United States Welding, 0.00 2,000.00 2,000.00 FA 21. Preference settlement with Hill Brothers Chemical 0.00 18,000.00 18,000.00 FA 22. Preference settlement with Williams Equipment & 0.00 20,323.00 20,323.00 FA 23. Preference settlement with Pipe Valve & Fitting 0.00 32,500.00 32,500.00 FA 24. Preference settlement with Western Industrial 0.00 7,000.00 7,000.00 FA Page: 2 01-14312-mkv Doc 1118-3 Filed 12/04/18 Entered 12/04/18 15:01:21 MagCorp FORM 1 INDIVIDUAL Forms ESTATE 1 PROPERTYand 2 Pg RECORD 2 of 67 AND REPORT ASSET CASES
Case No: 01-14312 MKV Judge: Mary Kay Vyskocil Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Magnesium Corporation of America Date Filed (f) or Converted (c): 09/24/2003 (c) 341(a) Meeting Date: 05/24/2004 For Period Ending: 11/30/2018 Claims Bar Date:
1 2 3 4 5 6
Asset Description Petition/ Est Net Value Property Formally Sale/Funds Asset Fully (Scheduled and Unscheduled (u) Property) Unscheduled (Value Determined by Abandoned Received by Administered (FA)/ Values Trustee, Less Liens, OA=554(a) the Estate Gross Value of Remaining Exemptions, Assets and Other Costs)
25. Preference settlement with Kaman Industrial 0.00 7,500.00 7,500.00 FA 26. Preference settlement with Prime Machine Inc. 0.00 13,000.00 13,000.00 FA 27. Preference settlement with Wollam Construction 0.00 1,500.00 1,500.00 FA 28. Preference settlement with Fairmont Supply 0.00 2,500.00 2,500.00 FA 29. Preference settlement with Soave Enterprises 0.00 8,500.00 8,500.00 FA 30. Preference settlement with Meldrum Scale Co., 0.00 12,000.00 12,000.00 FA 31. Preference settlement with Berman, Tomsic & 0.00 7,250.00 7,250.00 FA 32. Preference settlement with Conley Company (Salt 0.00 15,000.00 15,000.00 FA 33. Preference settlement with Perkin Elmer (Shelton, 0.00 1,750.00 1,750.00 FA 34. Preference settlement with Graymont Western US 0.00 2,635.50 2,635.50 FA 35. Preference settlement with Central Office 0.00 5,750.00 5,750.00 FA 36. Preference settlement with Western Metals 0.00 5,000.00 5,000.00 FA 37. Preference settlement with United Rentals: 0.00 7,500.00 7,500.00 FA 38. Preference settlement with Wheeler Machinery Co.: 0.00 6,750.00 6,750.00 FA 39. Preference Settlement with Economic Consulting 0.00 40,000.00 40,000.00 FA 40. Preference settlement with PSF Industries, Inc. 0.00 7,500.00 7,500.00 FA 41. Preference settlement with King & Spalding LLP 0.00 52,500.00 52,500.00 FA 42. Preference settlement with Wesco Distribution, 0.00 10,000.00 10,000.00 FA 43. Preference settlement with Precision Cast Parts 0.00 13,000.00 13,000.00 FA 44. Preference settlement with Sulzer Hickham, Inc. 0.00 15,000.00 15,000.00 FA 45. Preference settlement with Simsmetal USA 0.00 20,000.00 20,000.00 FA 46. Preference settlement with MC Master-Carr Supply 0.00 2,500.00 2,500.00 FA 47. Preference settlement with Double D Bolt, Inc. 0.00 4,250.00 4,250.00 FA 48. Preference settlement with Reliance Steel & 0.00 17,500.00 17,500.00 FA Page: 3 01-14312-mkv Doc 1118-3 Filed 12/04/18 Entered 12/04/18 15:01:21 MagCorp FORM 1 INDIVIDUAL Forms ESTATE 1 PROPERTYand 2 Pg RECORD 3 of 67 AND REPORT ASSET CASES
Case No: 01-14312 MKV Judge: Mary Kay Vyskocil Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Magnesium Corporation of America Date Filed (f) or Converted (c): 09/24/2003 (c) 341(a) Meeting Date: 05/24/2004 For Period Ending: 11/30/2018 Claims Bar Date:
1 2 3 4 5 6
Asset Description Petition/ Est Net Value Property Formally Sale/Funds Asset Fully (Scheduled and Unscheduled (u) Property) Unscheduled (Value Determined by Abandoned Received by Administered (FA)/ Values Trustee, Less Liens, OA=554(a) the Estate Gross Value of Remaining Exemptions, Assets and Other Costs)
49. Preference settlement with Hub Group, Inc. (a/k/a 0.00 5,000.00 5,000.00 FA 50. Preference settlement with Washington Group 0.00 3,799.68 3,799.68 FA 51. Preference settlement with Barney Trucking 0.00 7,500.00 7,500.00 FA 52. Preference settlement with Garfield Alloys, Inc.: 0.00 78,000.00 78,000.00 FA 53. Preference settlement with Delta Toxicology, Inc. 0.00 175.00 175.00 FA 54. Preference settlement with E-Quant Consulting, 0.00 2,500.00 2,500.00 FA 55. Preference settlement with Western States Metal, 0.00 20,000.00 20,000.00 FA 56. Preference settlement with Delta Toxicology, Inc. 0.00 175.00 175.00 FA 57. Preference settlement with SRC, Inc. (Cleveland, 0.00 30,000.00 30,000.00 FA 58. Preference settlement with Delta Toxicology, Inc. 0.00 175.00 175.00 FA 59. Preference settlement with Delta Toxicology, Inc. 0.00 175.00 175.00 FA 60. Preference settlement with Parsons Behle & 0.00 100,000.00 100,000.00 FA 61. Preference settlement with Delta Toxicology, Inc. 0.00 175.00 175.00 FA 62. Preference settlement with Alfa Laval Inc. (Glen 0.00 14,500.00 14,500.00 FA 63. Settlement with Keith Sabel And K. Sabel 0.00 75,000.00 75,000.00 FA 64. Preference settlement with Q Group Inc. (Punta 0.00 3,750.00 3,750.00 FA 65. Preference settlement with Delta Toxicology, Inc. 0.00 125.00 125.00 FA 66. Preference settlement with Great Western Supply 0.00 4,500.00 4,500.00 FA 67. Preference settlement with Q Group, Inc. (Punta 0.00 3,750.00 3,750.00 FA 68. Preference settlement with Black & Decker Corp. 0.00 12,500.00 12,500.00 FA 69. Preference settlement with ACF Industries LLC 0.00 45,000.00 45,000.00 FA 70. Preference settlement with Parsons Behle & 0.00 75,000.00 75,000.00 FA 71. Preference settlement with Franklin Fence: 0.00 3,000.00 3,000.00 FA 72. Preference settlement with ICM Equipment Company, 0.00 1,000.00 1,000.00 FA Page: 4 01-14312-mkv Doc 1118-3 Filed 12/04/18 Entered 12/04/18 15:01:21 MagCorp FORM 1 INDIVIDUAL Forms ESTATE 1 PROPERTYand 2 Pg RECORD 4 of 67 AND REPORT ASSET CASES
Case No: 01-14312 MKV Judge: Mary Kay Vyskocil Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Magnesium Corporation of America Date Filed (f) or Converted (c): 09/24/2003 (c) 341(a) Meeting Date: 05/24/2004 For Period Ending: 11/30/2018 Claims Bar Date:
1 2 3 4 5 6
Asset Description Petition/ Est Net Value Property Formally Sale/Funds Asset Fully (Scheduled and Unscheduled (u) Property) Unscheduled (Value Determined by Abandoned Received by Administered (FA)/ Values Trustee, Less Liens, OA=554(a) the Estate Gross Value of Remaining Exemptions, Assets and Other Costs)
73. Preference settlement with Composite Coatings LLC 0.00 2,500.00 2,500.00 FA 74. Preference settlement with Reliance Steel & 0.00 16,076.00 16,076.00 FA 75. Preference settlement with Equipment Maintenance 0.00 60,000.00 60,000.00 FA 76. Preference settlement with Landstar Inway, Inc. 0.00 5,000.00 5,000.00 FA 77. Preference settlement with Codale Electric 0.00 4,000.00 4,000.00 FA 78. Preference settlement with Davidson Sales and 0.00 4,000.00 2,850.00 FA 79. Preference settlement with Exxon Mobil 0.00 21,720.80 21,720.80 FA 80. Preference settlement with Vredenburg Inc. (West 0.00 25,000.00 25,000.00 FA 81. Preference settlement with G&K Services, Inc.: 0.00 7,000.00 7,000.00 FA 82. Preference settlement with Harris Tube Service: 0.00 45,000.00 45,000.00 FA 83. Preference settlement with Western Refractory 0.00 20,000.00 20,000.00 FA 84. Preference settlement with Energy Management 0.00 10,000.00 10,000.00 FA 85. Preference settlement with KPMG LLP: 04-02643 0.00 8,000.00 8,000.00 FA 86. Preference settlement with Siemens Energy 0.00 20,000.00 20,000.00 FA 87. Preference Settlement Mountain View Power LLC: 0.00 30,000.00 30,000.00 FA 88. Preference settlement with Continental Steel 0.00 50,000.00 50,000.00 FA 89. Preference Settlement with Structural Steel and 0.00 50,000.00 50,000.00 FA 90. Preference settlement with Louis Marucheau: 0.00 3,000.00 3,000.00 FA 91. Preference settlement with Hale's Oil Co., Inc. 0.00 1,500.00 1,500.00 FA 92. Preference settlement with Laco Technologies, 0.00 4,500.00 4,500.00 FA 93. Preference settlement with International 0.00 3,000.00 3,000.00 FA 94. Preference settlement with Great Lakes Carbon 0.00 28,000.00 28,000.00 FA 95. Preference settlement with Preferred Paving: 0.00 45,000.00 45,000.00 FA 96. Preference settlement with American Tubular: 0.00 2,000.00 2,000.00 FA Page: 5 01-14312-mkv Doc 1118-3 Filed 12/04/18 Entered 12/04/18 15:01:21 MagCorp FORM 1 INDIVIDUAL Forms ESTATE 1 PROPERTYand 2 Pg RECORD 5 of 67 AND REPORT ASSET CASES
Case No: 01-14312 MKV Judge: Mary Kay Vyskocil Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Magnesium Corporation of America Date Filed (f) or Converted (c): 09/24/2003 (c) 341(a) Meeting Date: 05/24/2004 For Period Ending: 11/30/2018 Claims Bar Date:
1 2 3 4 5 6
Asset Description Petition/ Est Net Value Property Formally Sale/Funds Asset Fully (Scheduled and Unscheduled (u) Property) Unscheduled (Value Determined by Abandoned Received by Administered (FA)/ Values Trustee, Less Liens, OA=554(a) the Estate Gross Value of Remaining Exemptions, Assets and Other Costs)
97. Preference settlement with Weidner & Associates: 0.00 5,000.00 5,000.00 FA 98. Preference settlement with Powmat LTD: 04-02669 0.00 6,000.00 6,000.00 FA 99. Preference settlement with Kelly Pipe Co., LLC: 0.00 6,500.00 6,500.00 FA 100. Default collection from Compositech Rubber West 0.00 3,500.00 3,500.00 FA 101. Settlement of default judgment with Thatcher 0.00 10,000.00 10,000.00 FA 102. Preference settlement on default judgment with 0.00 10,000.00 12,000.00 FA 103. Settlement on $25,099.20 default on preference 0.00 5,000.00 5,000.00 FA 104. Settlement on $13,932.16 default on preference 0.00 4,000.00 4,000.00 FA 105. Settlement on $18,411 default on preference 0.00 9,205.50 9,205.50 FA 106. Settlement on $7,568.97 default on preference 0.00 4,000.00 4,000.00 FA 107. Preference settlement with Stoddard Steel: 0.00 12,000.00 10,000.00 FA 108. Preference settlement with D&K Auto Parts, Inc.: 0.00 3,000.00 3,000.00 FA 109. Preference settlement with IGM Carbon, Inc. 0.00 40,000.00 40,000.00 FA 110. Settlement of default on preference litigation 0.00 5,000.00 5,000.00 FA 111. Settlement of default on preference litigation 0.00 4,000.00 4,000.00 FA 112. Settlement of default on preference litigation 0.00 9,699.66 9,699.66 FA 113. VOID 0.00 0.00 0.00 0.00 114. Preference settlement with Union Pacific Railroad 0.00 7,400.00 7,400.00 FA 115. Preference settlement with Questar Gas Co. (Salt 0.00 20,000.00 20,000.00 FA 116. Settlement of default judgment by P&O Nedlloyd: 0.00 21,981.65 21,981.65 FA 117. Preference proceeds from Terra Diamond 0.00 10,000.00 10,000.00 FA 118. Preference settlement with Penna Powers: 04-02668 0.00 17,284.07 17,284.07 FA 119. Preference settlement with US Xpress Enterprises, 0.00 30,000.00 30,000.00 FA 120. Preference settlement with GSL Electric Inc. 0.00 50,000.00 50,000.00 FA Page: 6 01-14312-mkv Doc 1118-3 Filed 12/04/18 Entered 12/04/18 15:01:21 MagCorp FORM 1 INDIVIDUAL Forms ESTATE 1 PROPERTYand 2 Pg RECORD 6 of 67 AND REPORT ASSET CASES
Case No: 01-14312 MKV Judge: Mary Kay Vyskocil Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Magnesium Corporation of America Date Filed (f) or Converted (c): 09/24/2003 (c) 341(a) Meeting Date: 05/24/2004 For Period Ending: 11/30/2018 Claims Bar Date:
1 2 3 4 5 6
Asset Description Petition/ Est Net Value Property Formally Sale/Funds Asset Fully (Scheduled and Unscheduled (u) Property) Unscheduled (Value Determined by Abandoned Received by Administered (FA)/ Values Trustee, Less Liens, OA=554(a) the Estate Gross Value of Remaining Exemptions, Assets and Other Costs)
121. Preference settlement with Harrington & Co.: 0.00 2,000.00 2,000.00 FA 122. Preference settlement with Non-Metals: 04-02601 0.00 1,000.00 1,000.00 FA 123. Preference settlement with WPX Energy (Williams) (u) 0.00 125,000.00 125,000.00 FA 124. Renco Group Litigation (u) 0.00 Unknown 214,753,937.51 Unknown 125. Sale of Renco litigation interest pursuant to order entered (u) Unknown 0.00 26,200,000.00 0.00 INT. Interest (u) Unknown N/A 2,280,949.72 Unknown
Gross Value of Remaining Assets TOTALS (Excluding Unknown Values) $0.00 $2,345,985.96 $245,579,723.19 $0.00 (Total Dollar Amount in Column 6)
Major activities affecting case closing which are not reflected above, and matters pending, date of hearing or sale, and other action:
RE PROP # 1 -- Inc. RE PROP # 2 -- (Portland, OR). RE PROP # 3 -- (Glenview, IL): 04-02502-reg RE PROP # 6 -- Lake City, UT): 04-02631-reg RE PROP # 7 -- Lake City, UT) 04-02589-reg RE PROP # 8 -- Inc. (Salt Lake City, UT): 04-02606-reg RE PROP # 9 -- Rope & Rigging, Inc. (Salt Lake City, UT): 04-02670-reg RE PROP # 10 -- U.S.A. (Rochester, NY):04-02642-reg RE PROP # 11 -- Company f/k/a IMC Salt, Inc. (Overland Park, KS): 04-02646-reg RE PROP # 12 -- (Salt Lake City, UT): 04-02653-reg Page: 7 01-14312-mkv Doc 1118-3 Filed 12/04/18 Entered 12/04/18 15:01:21 MagCorp RE PROP # 13 -- & Taft LLP (New York, NY): 04-02687-reg Forms 1 and 2 Pg 7 of 67 RE PROP # 14 -- Lake City, UT): 04-02528-reg RE PROP # 15 -- Inc. (Portland, OR): 04-02590-reg RE PROP # 16 -- L.P. (Houston, TX): 04-02648-reg RE PROP # 17 -- (Vernon Hills, IL) RE PROP # 18 -- Co. (Salt Lake City, UT):04-02614-reg RE PROP # 19 -- (Japan). RE PROP # 20 -- Inc. (Denver, CO): 04-02627-reg RE PROP # 21 -- Co. (Orange, CA): 04-02586-reg RE PROP # 22 -- Controls n/k/a Flow Solutions: 04-02640-reg RE PROP # 23 -- Company (Denver, CO): 04-02578-reg RE PROP # 24 -- Products Inc. (Salt Lake City, UT): 04-02634 (reg) RE PROP # 25 -- Technologies Corporation (Fort Wayne, IN): 04-02594 (reg) RE PROP # 26 -- (Salt Lake City, UT): 04-02605 (reg) RE PROP # 27 -- Co., Inc. (Sandy, UT): 04-02641-reg RE PROP # 28 -- Company (Washington, PA): 04-02664-reg RE PROP # 29 -- L.L.C. (f/k/a Tico Titanium, Inc.):04-02624-reg RE PROP # 30 -- Inc. (Sandy, UT): 04-02599-reg RE PROP # 31 -- Savage, P.C. (Salt Lake City, UT): 04-2655-reg RE PROP # 32 -- Lake City, UT): 04-02539-reg RE PROP # 33 -- CT): 04-02574-reg RE PROP # 34 -- Inc. (Salt Lake City, UT): 04-02642-reg RE PROP # 35 -- Suppliers (Salt Lake City, UT): 04-02523-reg RE PROP # 36 -- Recycling, LLC: 04-02571-regCheck drawn from David J. Joseph Company (Cincinnati, OH) RE PROP # 37 -- 04-02626-reg RE PROP # 38 -- 04-02639-reg RE PROP # 39 -- Services, LLC (Washington, D.C.): 04-02576-reg RE PROP # 40 -- (Seattle, WA): 04-02649-reg RE PROP # 41 -- (Atlanta, GA): 04-03166-reg RE PROP # 42 -- Inc. (Pittsburgh, PA): 04-02633-reg RE PROP # 43 -- Corp. d/b/a Johnson Pump Co. (Portland, OR): 04-02593-reg RE PROP # 44 -- (f/k/a Hickham Industries Inc.) (LaPorte, TX): 04-02585-reg RE PROP # 45 -- Corporation (Richmond, CA): 04-02573-reg RE PROP # 46 -- Co. (Elmhurst, IL): 04-02657-reg RE PROP # 47 -- (Salt Lake City, UT): 04-02552-reg RE PROP # 48 -- Aluminum Co. (a/k/a Reliance Metal Center) (Los Angeles, CA): 04-02612-reg RE PROP # 49 -- Hub Group Golden Gate, LLC) (Downers Grove, IL): 04-02530-reg RE PROP # 50 -- International (Boise, ID): 04-02654-reg Page: 8 01-14312-mkv Doc 1118-3 Filed 12/04/18 Entered 12/04/18 15:01:21 MagCorp RE PROP # 51 -- (Salina, UT): 04-02506-reg Forms 1 and 2 Pg 8 of 67 RE PROP # 52 -- 04-02565-reg RE PROP # 53 -- (Crystal Bay, NV): 04-02546-reg. 1st of 6 monthly installments. RE PROP # 54 -- LLC (Salt Lake City, UT): 04-02553-reg RE PROP # 55 -- Inc. (Salt Lake City, UT): 04-02636-reg RE PROP # 56 -- (Crystal Bay, NV): 04-02546-reg. 2nd of 6 monthly installments. RE PROP # 57 -- OH): 04-02570-reg RE PROP # 58 -- (Crystal Bay, NV): 04-02546-reg. 3rd of 6 monthly installments. RE PROP # 59 -- (Crystal Bay, NV): 04-02546-reg. 4th of 6 monthly installments. RE PROP # 60 -- Latimer (Salt Lake City, UT): 04-02688-reg. $75,000 balance due 4/06. RE PROP # 61 -- (Crystal Bay, NV): 04-02546-reg. 5th of 6 monthly installments. RE PROP # 62 -- Allen, VA): 04-02498-reg RE PROP # 63 -- Holdings, Inc. in fraudulent conveyance litigation Adv. Pro. 03-06559 (REG) RE PROP # 64 -- Gorda, FL): 04-02607-reg RE PROP # 65 -- (Crystal Bay, NV): 04-02546-reg. 6th of 6 monthly installments. RE PROP # 66 -- (Ogden, UT) successor to Consolidated Pipe & Supply: 04-02535-reg RE PROP # 67 -- Gorda, FL): 04-02607(REG)Preference settlement with Q Group, Inc. (Punta Gorda, FL): 04-02607(REG) RE PROP # 68 -- (Towson, MD): 04-02520 (REG) RE PROP # 69 -- (Leasing) (St. Charles, MO): 04-02494 (REG) RE PROP # 70 -- Latimer (Salt Lake City, UT): 04-02688-reg. $75,000 final balance (total settlement $175,000). RE PROP # 71 -- 04-02562-reg RE PROP # 72 -- LLC (Baton Rouge, LA) 04-02587-reg RE PROP # 73 -- (Woods Cross, UT): 04-2541-reg RE PROP # 74 -- Aluminum Co. (Los Angeles, CA) 04-2508-reg RE PROP # 75 -- Services, Inc.04-02556-(reg) RE PROP # 76 -- (Rockford, IL): 04-2596-(reg) RE PROP # 77 -- Supply, Inc. (Salt Lake City, UT): 04-02512 (reg) RE PROP # 78 -- Engineering (West Valley City, UT): 04-02661-(reg) RE PROP # 79 -- Corporation d/b/a Exxon Chemical, Americas: 04-02559 (reg) RE PROP # 80 -- Valley City, UT): 04-02630 (reg) RE PROP # 81 -- 04-02564 (reg) RE PROP # 82 -- 04-02583 (reg) RE PROP # 83 -- Construction Inc. (Longmont, CO): 04-02636 (reg) RE PROP # 84 -- Corp. (Salt Lake City, UT): 04-02555 (reg) RE PROP # 85 -- (reg) RE PROP # 86 -- Automation Inc.: 04-02616 (reg) RE PROP # 87 -- 04-02600 (reg)12 payments of $2,500.00 Page: 9 01-14312-mkv Doc 1118-3 Filed 12/04/18 Entered 12/04/18 15:01:21 MagCorp RE PROP # 88 -- Corp.: 04-02525 (reg) Forms 1 and 2 Pg 9 of 67 RE PROP # 89 -- Fabrication Co. (North Salt Lake, UT): 04-02619 (reg) RE PROP # 90 -- 04-02667 (reg) RE PROP # 91 -- (Grantsville, UT): 04-02592 (reg) RE PROP # 92 -- Inc.: 04-02665 (reg) RE PROP # 93 -- Magnesium Association (Wauconda, IL): 04-02647 (reg) RE PROP # 94 -- LLC: 04-02580 (reg) RE PROP # 95 -- 04-02604 (reg) RE PROP # 96 -- 04-02575 (reg) RE PROP # 97 -- 04-02632 (reg) RE PROP # 98 -- (reg) RE PROP # 99 -- 01-14312) reg RE PROP # 100 -- on default judgment of $19,701.79: 04-02524 (reg) RE PROP # 101 -- Company (Salt Lake City, UT): 04-02623 (reg) RE PROP # 102 -- Disco Associates Inc. (Salt Lake City, UT): 04-02550 (reg)Two payments of $5000 for total of $10,000 settlement. RE PROP # 103 -- action by Flinders Trucking: 04-02560 (reg). RE PROP # 104 -- action by Grating Systems: 04-02579 (reg). RE PROP # 105 -- action by Key Bellevilles, Inc.: 04-02595 (reg). RE PROP # 106 -- action by Roto Aire Filter Sales & Service: 04-02652 (reg). RE PROP # 107 -- 04-02618 (reg)$2k followed by 10 monthly payments of $1K for total of $12K. RE PROP # 108 -- 04-02532 (reg)2 payments of $1,500 RE PROP # 109 -- (Dupenn Inc.): 04-02588 (reg) RE PROP # 110 -- with APL Logistics Freight:04-02504 (reg) RE PROP # 111 -- with Grating Systems: 04-02579(reg) RE PROP # 112 -- with Wells Fargo Bank: 04-02577 (reg) RE PROP # 114 -- Co.: 04-02684 (reg) RE PROP # 115 -- Lake City, UT): 04-02685 (reg) RE PROP # 116 -- 04-02603 (reg) RE PROP # 117 -- Industrial: 04-02622 (reg) RE PROP # 118 -- (reg) RE PROP # 119 -- Inc.: 04-02572 (REG) RE PROP # 120 -- (Sandy, UT): 04-02566 (REG) RE PROP # 121 -- 04-02649 (REG) RE PROP # 122 -- (reg)
Initial Projected Date of Final Report (TFR): Current Projected Date of Final Report (TFR):
Trustee Signature: /s/ LEE E. BUCHWALD, TRUSTEE Date: 12/04/2018 Page: 10 01-14312-mkv Doc 1118-3 Filed 12/04/18 Entered 12/04/18 15:01:21 MagCorp LEE E. BUCHWALD, TRUSTEE 380 LEXINGTON AVENUE Forms 1 and 2 Pg 10 of 67 17th FLOOR NEW YORK NY 10168-1799 (212) 551-1040 Page: 1
01-14312-mkv Doc 1118-3 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 MagCorp ESTATE CASH Forms RECEIPTS 1 and AND 2 DISBURSEMENTS Pg 11 of 67 RECORD Case No: 01-14312 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Magnesium Corporation of America Bank Name: Hudson Valley Bank Account Number/CD#: XXXXXX9926 Certificate of Deposit Taxpayer ID No: XX-XXX0566 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $143,000,000.00
1 2 3 4 5 6 7
Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 05/01/08 Transfer from Acct # XXXXXX1677 Transfer of Treasury Bill 9999-000 $583,000.00 $583,000.00 proceeds. 06/01/08 INT HUDSON VALLEY BANK INTEREST EARNED 1270-000 $406.64 $583,406.64
07/01/08 INT HUDSON VALLEY BANK INTEREST EARNED 1270-000 $393.80 $583,800.44
08/01/08 INT HUDSON VALLEY BANK INTEREST EARNED 1270-000 $281.52 $584,081.96
09/01/08 INT HUDSON VALLEY BANK INTEREST EARNED 1270-000 $281.66 $584,363.62
09/02/08 Transfer to Acct # XXXXXX2601 Bank Funds Transfer 9999-000 $584,363.62 $0.00
COLUMN TOTALS $584,363.62 $584,363.62 Less: Bank Transfers/CD's $583,000.00 $584,363.62 Subtotal $1,363.62 $0.00 Less: Payments to Debtors $0.00 $0.00 Net $1,363.62 $0.00
Page Subtotals: $584,363.62 $584,363.62 Page: 2
01-14312-mkv Doc 1118-3 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 MagCorp ESTATE CASH Forms RECEIPTS 1 and AND 2 DISBURSEMENTS Pg 12 of 67 RECORD Case No: 01-14312 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Magnesium Corporation of America Bank Name: Hudson Valley Bank Account Number/CD#: XXXXXX4926 Certificate of Deposit Taxpayer ID No: XX-XXX0566 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $143,000,000.00
1 2 3 4 5 6 7
Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 11/14/05 Transfer from Acct # XXXXXX2601 Bank Funds Transfer 9999-000 $585,000.00 $585,000.00
12/05/05 Transfer from Acct # XXXXXX2601 Bank Funds Transfer 9999-000 $60,000.00 $645,000.00
12/14/05 INT Hudson Valley Bank Interest Earned 1270-000 $1,502.50 $646,502.50
01/14/06 INT Hudson Valley Bank Interest Earned 1270-000 $1,670.13 $648,172.63
02/14/06 INT Hudson Valley Bank Interest Earned 1270-000 $1,674.44 $649,847.07
03/14/06 INT Hudson Valley Bank Interest Earned 1270-000 $1,693.21 $651,540.28
04/14/06 INT Hudson Valley Bank Interest Earned 1270-000 $1,892.07 $653,432.35
05/12/06 INT Hudson Valley Bank Interest Earned 1270-000 $1,949.79 $655,382.14
05/15/06 Transfer from Acct # XXXXXX2601 Date should be corrected to 9999-000 $45,000.00 $700,382.14 4/11/06 06/06/06 INT Hudson Valley Bank Interest earned 1270-000 $1,809.32 $702,191.46
07/07/06 INT Hudson Valley Bank Interest Earned 1270-000 $1,755.48 $703,946.94
09/01/06 Transfer from Acct # XXXXXX2601 Bank Funds Transfer 9999-000 $94,083.00 $798,029.94
09/06/06 INT Hudson Valley Bank Interest Earned 1270-000 $1,970.07 $800,000.01
09/11/06 Transfer from Acct # XXXXXX2601 Bank Funds Transfer 9999-000 $30,917.00 $830,917.01
09/14/06 INT Hudson Valley Bank Interest Earned 1270-000 $2,094.38 $833,011.39
10/10/06 Transfer to Acct # XXXXXX2601 Transfer to increase balance in 9999-000 $260,000.00 $573,011.39 money market/checking account for purchase of Treasury bills. 10/14/06 INT Hudson Valley Bank Interest Earned 1270-000 $2,162.18 $575,173.57
Page Subtotals: $835,173.57 $260,000.00 Page: 3
01-14312-mkv Doc 1118-3 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 MagCorp ESTATE CASH Forms RECEIPTS 1 and AND 2 DISBURSEMENTS Pg 13 of 67 RECORD Case No: 01-14312 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Magnesium Corporation of America Bank Name: Hudson Valley Bank Account Number/CD#: XXXXXX4926 Certificate of Deposit Taxpayer ID No: XX-XXX0566 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $143,000,000.00
1 2 3 4 5 6 7
Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 10/25/06 Transfer to Acct # XXXXXX2601 Bank Funds Transfer 9999-000 $475,173.57 $100,000.00
11/01/06 INT Hudson Valley Bank 1270-000 $698.01 $100,698.01
11/01/06 Transfer to Acct # XXXXXX2601 Bank Funds Transfer 9999-000 $698.01 $100,000.00
11/01/06 Transfer to Acct # XXXXXX2601 Transfer to close account 9999-000 $100,000.00 $0.00
COLUMN TOTALS $835,871.58 $835,871.58 Less: Bank Transfers/CD's $815,000.00 $835,871.58 Subtotal $20,871.58 $0.00 Less: Payments to Debtors $0.00 $0.00 Net $20,871.58 $0.00
Page Subtotals: $698.01 $575,871.58 Page: 4
01-14312-mkv Doc 1118-3 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 MagCorp ESTATE CASH Forms RECEIPTS 1 and AND 2 DISBURSEMENTS Pg 14 of 67 RECORD Case No: 01-14312 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Magnesium Corporation of America Bank Name: Hudson Valley Bank Account Number/CD#: XXXXXX2601 Checking Account Taxpayer ID No: XX-XXX0566 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $143,000,000.00
1 2 3 4 5 6 7
Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 09/25/03 5 Estate of Magnesium Corporation of Transfer from Chapter 11 case 1290-010 $217,613.82 $217,613.82 America
09/30/03 INT Hudson Valley Bank Interest Earned For September 1270-000 $107.32 $217,721.14
10/31/03 INT Hudson Valley Bank Interest Earned For October 1270-000 $110.95 $217,832.09
11/30/03 INT Hudson Valley Bank Interest Earned For November 1270-000 $107.42 $217,939.51
12/02/03 105 Lee E. Buchwald Chapter 11 commissions and $15,867.90 $202,071.61 420 Lexington Ave.Suite 300New York, expenses per order entered NY 10170-0399 12/2/03.
LEE E. BUCHWALD ($14,205.46) 6101-000
($1,662.44) 6102-000
12/02/03 104 Salomon Green & Ostrow, P.C. Chapter 11 fees and expenses $66,272.44 $135,799.17 485 Madison AvenueNew York, NY per 10022 order entered 12/2/03. ($63,975.00) 6210-000
($2,297.44) 6220-000
12/31/03 INT Hudson Valley Bank Interest Earned For December 1270-000 $73.51 $135,872.68
01/31/04 INT Hudson Valley Bank Interest Earned For January 1270-000 $69.05 $135,941.73
02/29/04 INT Hudson Valley Bank Interest Earned For February 1270-000 $64.63 $136,006.36
03/18/04 1 Praxair Distribution Inc. Preference settlement with 1241-000 $65,000.00 $201,006.36 Praxair Distribution Inc. pursuant to court order dated 3/16/04. 03/18/04 106 Arthur B. Levine Co. Renewal of surety bond 2300-000 $638.00 $200,368.36 60 East 42nd St.New York, NY 10165 #8696814 4/14/04-4/13/05.
Page Subtotals: $283,146.70 $82,778.34 Page: 5
01-14312-mkv Doc 1118-3 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 MagCorp ESTATE CASH Forms RECEIPTS 1 and AND 2 DISBURSEMENTS Pg 15 of 67 RECORD Case No: 01-14312 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Magnesium Corporation of America Bank Name: Hudson Valley Bank Account Number/CD#: XXXXXX2601 Checking Account Taxpayer ID No: XX-XXX0566 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $143,000,000.00
1 2 3 4 5 6 7
Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 03/26/04 2 Platt Electric Payment of preference from 1241-000 $6,686.92 $207,055.28 Platt Electric (Portland, OR). 03/31/04 INT Hudson Valley Bank Interest Earned For March 1270-000 $83.53 $207,138.81
04/30/04 INT Hudson Valley Bank Interest Earned For April 1270-000 $101.87 $207,240.68
05/03/04 3 Anixter, Inc. (Glenview, IL) 04-02502-reg: Settlement of 1241-000 $8,500.00 $215,740.68 preference from Anixter, Inc. (Glenview, IL) 05/11/04 4 Preference settlement with VWR Preference settlement with 1241-000 $5,000.00 $220,740.68 International, Inc. VWR International, Inc. 05/12/04 6 Wagner Corp. Preference settlement with 1141-000 $4,504.69 $225,245.37 Wagner Corp. (Salt Lake City, UT): 04- 02631-reg 05/18/04 7 IHI Environmental Preference settlement from IHI 1241-000 $2,500.00 $227,745.37 Environmental (Salt Lake City, UT) 04-02589-reg 05/21/04 8 Process Technology Inc. Preference settlement with 1141-000 $15,000.00 $242,745.37 Process Technology Inc. (Salt Lake City, UT): 04-02606-reg 05/31/04 INT Hudson Valley Bank Interest Earned For May 1270-000 $115.70 $242,861.07
06/09/04 9 Rocky Mountain Wire Rope & Rigging, Preference settlement from 1141-000 $2,500.00 $245,361.07 Inc. Rocky Mountain Wire Rope & Rigging, Inc. (Salt Lake City, UT): 04-02670-reg 06/14/04 10 Xerox Corporation U.S.A. Preference settlement with 1241-000 $8,848.00 $254,209.07 Xerox Corporation U.S.A. (Rochester, NY):04-02642-reg
Page Subtotals: $53,840.71 $0.00 Page: 6
01-14312-mkv Doc 1118-3 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 MagCorp ESTATE CASH Forms RECEIPTS 1 and AND 2 DISBURSEMENTS Pg 16 of 67 RECORD Case No: 01-14312 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Magnesium Corporation of America Bank Name: Hudson Valley Bank Account Number/CD#: XXXXXX2601 Checking Account Taxpayer ID No: XX-XXX0566 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $143,000,000.00
1 2 3 4 5 6 7
Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 06/15/04 11 North American Salt Company f/k/a IMC Preference settlement with 1241-000 $5,000.00 $259,209.07 Salt, Inc. North American Salt Company f/k/a IMC Salt, Inc. (Overland Park, KS): 04-02646-reg 06/21/04 12 Tom D. Pratt, Inc. Preference settlement with 1241-000 $2,000.00 $261,209.07 Tom D. Pratt, Inc. (Salt Lake City, UT): 04-02653-reg 06/24/04 13 Cadwalader, Wickersham & Taft LLP Preference settlement with 1241-000 $27,000.00 $288,209.07 Cadwalader, Wickersham & Taft LLP (New York, NY): 04- 02687-reg 06/28/04 14 Crus Oil Inc. Preference settlement with 1141-000 $4,500.00 $292,709.07 Crus Oil Inc. (Salt Lake City, UT): 04 -02528-reg 06/30/04 15 Industrial Gasket, Inc. Preference settlement with 1241-000 $10,000.00 $302,709.07 Industrial Gasket, Inc. (Portland, OR): 04-02590-reg 06/30/04 16 Air Liquide America L.P. Preference settlement with Air 1141-000 $4,956.67 $307,665.74 Liquide America L.P.(Houston, TX): 04-02648-reg 06/30/04 INT Hudson Valley Bank Interest Earned For June 1270-000 $127.87 $307,793.61
07/01/04 18 Salt Lake Windustrial Co. Preference settlement with Salt 1241-000 $4,500.00 $312,293.61 Lake Windustrial Co. (Salt Lake City, UT):04-02614-reg 07/01/04 17 CDW Direct LLC. Preference settlement with 1141-000 $1,500.00 $313,793.61 CDW Direct, LLC. (Vernon Hills, IL) 07/08/04 19 SEC Corporation Preference settlement with 1141-000 $219,000.00 $532,793.61 SEC Corporation (Japan). Wire posted at bank on 7/6/04.
Page Subtotals: $278,584.54 $0.00 Page: 7
01-14312-mkv Doc 1118-3 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 MagCorp ESTATE CASH Forms RECEIPTS 1 and AND 2 DISBURSEMENTS Pg 17 of 67 RECORD Case No: 01-14312 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Magnesium Corporation of America Bank Name: Hudson Valley Bank Account Number/CD#: XXXXXX2601 Checking Account Taxpayer ID No: XX-XXX0566 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $143,000,000.00
1 2 3 4 5 6 7
Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 07/08/04 20 United States Welding, Inc. Preference settlement with 1141-000 $2,000.00 $534,793.61 United States Welding, Inc. (Denver, CO): 04-02627-reg 07/12/04 21 Hill Brothers Chemical Co. Preference settlement with Hill 1141-000 $18,000.00 $552,793.61 Brothers Chemical Co. (Orange, CA): 04-02586-reg 07/13/04 22 Williams Equipment & Controls n/k/a/ Preference settlement with 1141-000 $20,323.00 $573,116.61 Flow Williams Equipment & Controls olutions n/k/a Flow Solutions: 04-02640- reg 07/13/04 23 Pipe Valve & Fitting Company Preference settlement with 1141-000 $32,500.00 $605,616.61 Pipe Valve & Fitting Company (Denver, CO): 04-02578-reg 07/22/04 24 Western Industrial Products Inc. Preference settlement with 1241-000 $7,000.00 $612,616.61 Western Industrial Products Inc. (Salt Lake City, UT): 04-02634 (reg) 07/31/04 INT Hudson Valley Bank Interest Earned For July 1270-000 $276.16 $612,892.77
08/03/04 25 Kaman Industrial Technologies Preference settlement with 1141-000 $7,500.00 $620,392.77 Corporation Kaman Industrial Technologies Corporation (Fort Wayne, IN): 04-02594 (reg) 08/04/04 109 Reverses Check # 109 Void of Check #109 ($25,690.37) $646,083.14
LEE E. BUCHWALD $25,171.91 2100-000
$518.46 2200-000
08/04/04 110 Lee E. Buchwald Commission and expenses $25,003.80 $621,079.34 420 Lexington Ave.Suite 300New York, pursuant NY 10170-0399 to order entered 8/4/04. LEE E. BUCHWALD ($24,485.34) 2100-000
($518.46) 2200-000
Page Subtotals: $87,599.16 ($686.57) Page: 8
01-14312-mkv Doc 1118-3 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 MagCorp ESTATE CASH Forms RECEIPTS 1 and AND 2 DISBURSEMENTS Pg 18 of 67 RECORD Case No: 01-14312 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Magnesium Corporation of America Bank Name: Hudson Valley Bank Account Number/CD#: XXXXXX2601 Checking Account Taxpayer ID No: XX-XXX0566 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $143,000,000.00
1 2 3 4 5 6 7
Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 08/04/04 108 Weiser LLP Fees and expenses pursuant to $81,590.23 $539,489.11 135 West 50th StreetNew York, NY 10020 order entered 8/4/04. ($80,949.38) 3410-000
($640.85) 3420-000
08/04/04 109 Lee E. Buchwald Fees and expenses pursuant to $25,690.37 $513,798.74 420 Lexington Ave.Suite 300New York, NY 10170-0399 order entered 8/4/04. LEE E. BUCHWALD ($25,171.91) 2100-001
($518.46) 2200-001
08/04/04 107 Salomon Green & Ostrow, P.C. Chapter 7 fees and expenses $344,103.15 $169,695.59 485 Madison AvenueNew York, NY pursuant to order entered 10022 8/4/04. ($333,363.22) 3210-000
($10,739.93) 3220-000
08/06/04 26 Prime Machine Inc. Preference settlement with 1141-000 $13,000.00 $182,695.59 Prime Machine Inc. (Salt Lake City, UT): 04-02605 (reg) 08/31/04 INT Hudson Valley Bank Interest Earned For August 1270-000 $122.64 $182,818.23
09/07/04 27 Wollam Construction Co., Inc. Preference settlement with 1141-000 $1,500.00 $184,318.23 Wollam Construction Co., Inc. (Sandy, UT): 04-02641-reg 09/21/04 29 Soave Enterprises L.L.C. (f/k/a Tico Preference settlement with 1241-000 $8,500.00 $192,818.23 Titanium, Soave nc.) Enterprises L.L.C. (f/k/a Tico Titanium, Inc.):04-02624-reg 09/21/04 28 Fairmont Supply Company Preference settlement with 1141-000 $2,500.00 $195,318.23 Fairmont Supply Company (Washington, PA): 04-02664- reg
Page Subtotals: $25,622.64 $451,383.75 Page: 9
01-14312-mkv Doc 1118-3 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 MagCorp ESTATE CASH Forms RECEIPTS 1 and AND 2 DISBURSEMENTS Pg 19 of 67 RECORD Case No: 01-14312 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Magnesium Corporation of America Bank Name: Hudson Valley Bank Account Number/CD#: XXXXXX2601 Checking Account Taxpayer ID No: XX-XXX0566 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $143,000,000.00
1 2 3 4 5 6 7
Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 09/23/04 31 Berman, Tomsic & Savage, P.C. Preference settlement with 1241-000 $7,250.00 $202,568.23 Berman, Tomsic & Savage, P.C. (Salt Lake City, UT): 04-2655-reg 09/23/04 30 Meldrum Scale Co., Inc. Preference settlement with 1141-000 $12,000.00 $214,568.23 Meldrum Scale Co., Inc. (Sandy, UT): 04 -02599-reg 09/27/04 32 Conley Company Preference settlement with 1141-000 $15,000.00 $229,568.23 Conley Company (Salt Lake City, UT): 04-02539-reg 09/30/04 INT Hudson Valley Bank Interest Earned For September 1270-000 $95.47 $229,663.70
10/14/04 33 Perkin Elmer Preference settlement with 1141-000 $1,750.00 $231,413.70 Perkin Elmer (Shelton, CT): 04- 02574-reg 10/14/04 33 Perkin Elmer Preference settlement with 1241-001 $2,635.50 $234,049.20 Perkin Elmer (Shelton, CT): 04- 02574-reg 10/14/04 34 Graymont Western US Inc. Preference settlement with 1241-000 $2,635.50 $236,684.70 Graymont Western US Inc. (Salt Lake City, UT): 04-02642- reg 10/14/04 33 Reverses Deposit # Preference settlement with 1241-000 ($2,635.50) $234,049.20 Perkin 10/21/04 35 Central Office Suppliers Preference settlement with 1141-000 $5,750.00 $239,799.20 Central Office Suppliers (Salt Lake City, UT): 04-02523-reg 10/27/04 36 Western Metals Recycling, LLC Preference settlement with 1241-000 $5,000.00 $244,799.20 Western Metals Recycling, LLC: 04- 02571-reg
Page Subtotals: $49,480.97 $0.00 Page: 10
01-14312-mkv Doc 1118-3 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 MagCorp ESTATE CASH Forms RECEIPTS 1 and AND 2 DISBURSEMENTS Pg 20 of 67 RECORD Case No: 01-14312 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Magnesium Corporation of America Bank Name: Hudson Valley Bank Account Number/CD#: XXXXXX2601 Checking Account Taxpayer ID No: XX-XXX0566 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $143,000,000.00
1 2 3 4 5 6 7
Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 10/27/04 37 United Rentals Preference settlement with 1141-000 $7,500.00 $252,299.20 United Rentals: 04-02626-reg 10/31/04 INT Hudson Valley Bank Interest Earned For October 1270-000 $119.90 $252,419.10
11/02/04 38 Wheeler Machinery Co. Preference settlement with 1141-000 $6,750.00 $259,169.10 Wheeler Machinery Co.: 04-02639-reg 11/11/04 39 Economic Consulting Services, LLC Preference Settlement with 1141-000 $40,000.00 $299,169.10 Economic Consulting Services, LLC (Washington, D.C.): 04- 02576-reg 11/18/04 40 PSF Industries, Inc. Preference settlement with PSF 1141-000 $7,500.00 $306,669.10
Industries, Inc. (Seattle, WA): 04-02649-reg 11/22/04 41 King & Spalding LLP Preference settlement with 1141-000 $52,500.00 $359,169.10 King & Spalding LLP (Atlanta, GA): 04 -03166-reg 11/30/04 INT Hudson Valley Bank Interest Earned For November 1270-000 $148.17 $359,317.27
12/02/04 42 Wesco Distribution, Inc. Preference settlement with 1141-000 $10,000.00 $369,317.27 Wesco Distribution, Inc. (Pittsburgh, PA): 04-02633-reg 12/06/04 43 Precision Cast Parts Corp. d/b/a Johnson Preference settlement with 1141-000 $13,000.00 $382,317.27 Pump Co. Precision Cast Parts Corp. d/b/a Johnson Pump Co. (Portland, OR): 04-02593-reg 12/14/04 44 Sulzer Hickham, Inc. Preference settlement with 1141-000 $15,000.00 $397,317.27 Sulzer Hickham, Inc. (f/k/a Hickham Industries Inc.) (LaPorte, TX): 04-02585-reg 12/29/04 45 Simsmetal USA Corporation (Sims Group) Preference settlement with 1141-000 $20,000.00 $417,317.27 Simsmetal USA Corporation (Richmond, CA): 04-02573-reg
Page Subtotals: $172,518.07 $0.00 Page: 11
01-14312-mkv Doc 1118-3 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 MagCorp ESTATE CASH Forms RECEIPTS 1 and AND 2 DISBURSEMENTS Pg 21 of 67 RECORD Case No: 01-14312 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Magnesium Corporation of America Bank Name: Hudson Valley Bank Account Number/CD#: XXXXXX2601 Checking Account Taxpayer ID No: XX-XXX0566 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $143,000,000.00
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Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 12/29/04 46 MC Master-Carr Supply Co. Preference settlement with MC 1141-000 $2,500.00 $419,817.27 Master-Carr Supply Co. (Elmhurst, IL): 04-02657-reg 12/31/04 INT Hudson Valley Bank Interest Earned For December 1270-000 $211.39 $420,028.66
01/11/05 47 Double D Bolt, Inc. Preference settlement with 1141-000 $4,250.00 $424,278.66 Double D Bolt, Inc. (Salt Lake City, UT): 04-02552-reg 01/24/05 48 Reliance Steel & Aluminum Co. (a/k/a Preference settlement with 1141-000 $17,500.00 $441,778.66 Reliance Reliance Steel & Aluminum etal Center) Co. (a/k/a Reliance Metal Center) (Los Angeles, CA): 04- 02612-reg 01/26/05 49 Hub Group, Inc. (a/k/a Hub Group Golden Preference settlement with Hub 1141-000 $5,000.00 $446,778.66 Gate, LLC) Group, Inc. (a/k/a Hub Group Golden Gate, LLC) (Downers Grove, IL): 04-02530-reg 01/31/05 INT Hudson Valley Bank Interest Earned For January 1270-000 $272.79 $447,051.45
02/08/05 50 Washington Group International Preference settlement with 1141-000 $3,799.68 $450,851.13 Washington Group International (Boise, ID): 04- 02654-reg 02/15/05 51 Barney Trucking Preference settlement with 1141-000 $7,500.00 $458,351.13 Barney Trucking (Salina, UT): 04- 02506-reg 02/24/05 52 Garfield Alloys, Inc. Preference settlement with 1141-000 $78,000.00 $536,351.13 Garfield Alloys, Inc.: 04-02565- reg 02/28/05 INT Hudson Valley Bank Interest Earned For February 1270-000 $268.94 $536,620.07
03/04/05 111 ARTHUR B. LEVINE COMPANY Renewal of surety bond No. 2300-000 $638.00 $535,982.07 60 East 42nd StreetNew York, NY 10165 8696814 4/14/05-4/13/06
Page Subtotals: $119,302.80 $638.00 Page: 12
01-14312-mkv Doc 1118-3 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 MagCorp ESTATE CASH Forms RECEIPTS 1 and AND 2 DISBURSEMENTS Pg 22 of 67 RECORD Case No: 01-14312 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Magnesium Corporation of America Bank Name: Hudson Valley Bank Account Number/CD#: XXXXXX2601 Checking Account Taxpayer ID No: XX-XXX0566 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $143,000,000.00
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Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 03/04/05 113 Weiser LLP Chapter 7 fees and expenses $4,628.25 $531,353.82 135 West 50th St.New York, NY 10020 pursuant to order entered 3/4/05. ($3,902.28) 3410-000
($725.97) 3420-000
03/04/05 114 LEE E. BUCHWALD Chapter 7 fees and expenses $8,917.98 $522,435.84 Buchwald Capital Advisors LLC420 pursuant to order entered Lexington AvenueSuite 300New York, NY 3/4/05. 10170-0399 LEE E. BUCHWALD ($8,616.05) 2100-000
($301.93) 2200-000
03/04/05 112 Salomon, Green & Ostrow, P.C. Chapter 7 fees and expenses $171,198.54 $351,237.30 c/o Steven & Lee485 Madison Ave.20th pursuant to order entered FloorNew YorkNY, NY 10022 3/4/05. ($166,178.68) 3210-000
($5,019.86) 3220-000
03/09/05 53 Delta Toxicology, Inc. Preference settlement with 1141-000 $175.00 $351,412.30 Delta Toxicology, Inc. (Crystal Bay, NV): 04-02546-reg. 1st of 6 monthly installments. 03/21/05 54 E-Quant Consulting, LLC Preference settlement with E- 1141-000 $2,500.00 $353,912.30 Quant Consulting, LLC (Salt Lake City, UT): 04-02553-reg 03/28/05 55 Western States Metal, Inc. Preference settlement with 1141-000 $20,000.00 $373,912.30 Western States Metal, Inc. (Salt Lake City, UT): 04-02636-reg 03/31/05 INT Hudson Valley Bank Interest Earned For March 1270-000 $252.50 $374,164.80
Page Subtotals: $22,927.50 $184,744.77 Page: 13
01-14312-mkv Doc 1118-3 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 MagCorp ESTATE CASH Forms RECEIPTS 1 and AND 2 DISBURSEMENTS Pg 23 of 67 RECORD Case No: 01-14312 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Magnesium Corporation of America Bank Name: Hudson Valley Bank Account Number/CD#: XXXXXX2601 Checking Account Taxpayer ID No: XX-XXX0566 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $143,000,000.00
1 2 3 4 5 6 7
Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 04/12/05 56 Delta Toxicology, Inc. Preference settlement with 1141-000 $175.00 $374,339.80 Delta Toxicology, Inc. (Crystal Bay, NV): 04-02546-reg. 2nd of 6 monthly installments. 04/30/05 INT Hudson Valley Bank Interest Earned For April 1270-000 $244.56 $374,584.36
05/03/05 57 SRC, Inc. Preference settlement with 1141-000 $30,000.00 $404,584.36 SRC, Inc. (Cleveland, OH): 04- 02570-reg 05/10/05 58 Delta Toxicology, Inc. Preference settlement with 1141-000 $175.00 $404,759.36 Delta Toxicology, Inc. (Crystal Bay, NV): 04-02546-reg. 3rd of 6 monthly installments. 05/31/05 INT Hudson Valley Bank Interest Earned For May 1270-000 $307.87 $405,067.23
06/01/05 59 Delta Toxicology, Inc. Preference settlement with 1141-000 $175.00 $405,242.23 Delta Toxicology, Inc. (Crystal Bay, NV): 04-02546-reg. 4th of 6 monthly installments. 06/22/05 60 Parsons Behle & Latimer Preference settlement with 1141-000 $100,000.00 $505,242.23 Parsons Behle & Latimer (Salt Lake City, UT): 04-02688-reg. $75,000 balance due 4/06. 06/22/05 115 ARTHUR B. LEVINE -Premium Account Increase bond to $450,000. 2300-000 $234.00 $505,008.23 60 East 42nd StreetNew York, NY 10165 CFB 8696814 06/30/05 INT Hudson Valley Bank Interest Earned For June 1270-000 $321.95 $505,330.18
07/13/05 61 Delta Toxicology, Inc. Preference settlement with 1141-000 $175.00 $505,505.18 Delta Toxicology, Inc. (Crystal Bay, NV): 04-02546-reg. 5th of 6 monthly installments.
Page Subtotals: $131,574.38 $234.00 Page: 14
01-14312-mkv Doc 1118-3 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 MagCorp ESTATE CASH Forms RECEIPTS 1 and AND 2 DISBURSEMENTS Pg 24 of 67 RECORD Case No: 01-14312 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Magnesium Corporation of America Bank Name: Hudson Valley Bank Account Number/CD#: XXXXXX2601 Checking Account Taxpayer ID No: XX-XXX0566 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $143,000,000.00
1 2 3 4 5 6 7
Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 07/14/05 116 ARTHUR B. LEVINE COMPANY CFB 8696814 Increase in 2300-000 $126.00 $505,379.18 60 East 42nd StreetNew York, NY 10165 bond from $450,000 to $585,000 07/15/05 62 Alfa Laval Inc. Preference settlement with Alfa 1141-000 $14,500.00 $519,879.18 Laval Inc. (Glen Allen, VA): 04- 02498-reg 07/31/05 INT Hudson Valley Bank Interest Earned For July 1270-000 $391.32 $520,270.50
08/01/05 63 Keith Sabel and K. Sabel Holdings, Inc. Settlement with Keith Sabel 1141-000 $75,000.00 $595,270.50 and K. Sabel Holdings, Inc. in fraudulent conveyance litigation Adv. Pro. 03-06559 (REG) 08/09/05 64 Q Group Inc. Preference settlement with Q 1141-000 $3,750.00 $599,020.50 Group Inc. (Punta Gorda, FL): 04- 02607-reg 08/31/05 INT Hudson Valley Bank Interest Earned For August 1270-000 $503.09 $599,523.59
09/12/05 65 Delta Toxicology, Inc. Preference settlement with 1141-000 $125.00 $599,648.59 Delta Toxicology, Inc. (Crystal Bay, NV): 04-02546-reg. 6th of 6 monthly installments. 09/26/05 66 Great Western Supply Preference settlement with 1141-000 $4,500.00 $604,148.59 Great Western Supply (Ogden, UT) successor to Consolidated Pipe & Supply: 04-02535-reg 09/30/05 INT Hudson Valley Bank Interest Earned For September 1270-000 $513.56 $604,662.15
10/31/05 INT Hudson Valley Bank INTEREST EARNED 1270-000 $534.09 $605,196.24
11/07/05 67 Q Group, Inc. Preference settlement with Q 1141-000 $3,750.00 $608,946.24 Group, Inc. (Punta Gorda, FL): 04-02607(REG) 11/14/05 Transfer to Acct # XXXXXX4926 Bank Funds Transfer 9999-000 $585,000.00 $23,946.24
Page Subtotals: $103,567.06 $585,126.00 Page: 15
01-14312-mkv Doc 1118-3 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 MagCorp ESTATE CASH Forms RECEIPTS 1 and AND 2 DISBURSEMENTS Pg 25 of 67 RECORD Case No: 01-14312 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Magnesium Corporation of America Bank Name: Hudson Valley Bank Account Number/CD#: XXXXXX2601 Checking Account Taxpayer ID No: XX-XXX0566 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $143,000,000.00
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Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 11/15/05 68 Black & Decker Corp. Preference settlement with 1141-000 $12,500.00 $36,446.24 Black & Decker Corp. (Towson, MD): 04-02520 (REG) 11/30/05 69 ACF Industries LLC (Leasing) Preference settlement with 1141-000 $45,000.00 $81,446.24 ACF Industries LLC (Leasing) (St. Charles, MO): 04-02494 (REG) 11/30/05 INT Hudson Valley Bank Interest Earned for November 1270-000 $237.30 $81,683.54
12/05/05 Transfer to Acct # XXXXXX4926 Bank Funds Transfer 9999-000 $60,000.00 $21,683.54
12/31/05 INT Hudson Valley Bank Interest Earned For December 1270-000 $21.90 $21,705.44
01/31/06 INT Hudson Valley Bank Interest Earned For January 1270-000 $16.08 $21,721.52
02/28/06 INT Hudson Valley Bank Interest Earned For February 1270-000 $17.33 $21,738.85
03/16/06 117 Sim Penton Sabel Industries: 2990-000 $2,579.06 $19,159.79 Kaufman & RothfederSuite 300 Lakeview Reimbursement of Center2660 Eastchase LaneMontgomery, travel expenses per stipulation AL 36117 approved July 18, 2005. 03/28/06 70 Parsons Behle & Latimer Preference settlement with 1141-000 $75,000.00 $94,159.79 Parsons Behle & Latimer (Salt Lake City, UT): 04-02688-reg. $75,000 final balance (total settlement $175,000). 03/31/06 INT Hudson Valley Bank Interest Earned For March 1270-000 $30.27 $94,190.06
04/05/06 118 ARTHUR B. LEVINE COMPANY bond #8696814 through 2300-000 $1,275.00 $92,915.06 60 East 42nd StreetNew York, NY 10165 4/13/07; increase to $800,000.00 04/10/06 71 Franklin Fence (Franklin A. Watts) Preference settlement with 1141-000 $3,000.00 $95,915.06 Franklin Fence: 04-02562-reg 04/30/06 INT Hudson Valley Bank Interest Earned For April 1270-000 $90.10 $96,005.16
Page Subtotals: $135,912.98 $63,854.06 Page: 16
01-14312-mkv Doc 1118-3 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 MagCorp ESTATE CASH Forms RECEIPTS 1 and AND 2 DISBURSEMENTS Pg 26 of 67 RECORD Case No: 01-14312 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Magnesium Corporation of America Bank Name: Hudson Valley Bank Account Number/CD#: XXXXXX2601 Checking Account Taxpayer ID No: XX-XXX0566 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $143,000,000.00
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Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 05/12/06 119 Beus Gilbert PLLC Fees for Sabel settlement 3210-600 $25,749.75 $70,255.41 4800 North Scottsdale RoadSuite pursuant 6000Scottsdale, AZ 85251 to order entered 5/12/06. 05/15/06 Transfer to Acct # XXXXXX4926 Date should be corrected to 9999-000 $45,000.00 $25,255.41 4/11/06 05/31/06 INT Hudson Valley Bank Interest Earned For May 1270-000 $48.58 $25,303.99
06/30/06 INT Hudson Valley Bank Interest Earned For June 1270-000 $21.63 $25,325.62
07/07/06 72 ICM Equipment Company, LLC Preference settlement with ICM 1141-000 $1,000.00 $26,325.62
Equipment Company, LLC (Baton Rouge, LA) 04-02587- reg 07/31/06 INT Hudson Valley Bank Interest Earned For July 1270-000 $29.44 $26,355.06
08/15/06 73 Composite Coatings LLC Preference settlement with 1141-000 $2,500.00 $28,855.06 Composite Coatings LLC (Woods Cross, UT): 04-2541- reg 08/21/06 74 Reliance Steel & Aluminum Co. Preference settlement with 1141-000 $16,076.00 $44,931.06 Reliance Steel & Aluminum Co. (Los Angeles, CA) 04- 2508-reg 08/31/06 76 Landstar Inway, Inc. Preference settlement with 1141-000 $5,000.00 $49,931.06 Landstar Inway, Inc. (Rockford, IL): 04-2596-(reg) 08/31/06 75 Equipment Maintenance Services, Inc. Preference settlement with 1141-000 $60,000.00 $109,931.06 Equipment Maintenance Services, Inc. 04-02556-(reg) 08/31/06 INT Hudson Valley Bank Interest Earned For August 1270-000 $58.95 $109,990.01
09/01/06 Transfer to Acct # XXXXXX4926 Bank Funds Transfer 9999-000 $94,083.00 $15,907.01
09/08/06 78 Davidson Sales and Engineering Preference settlement with 1141-000 $2,850.00 $18,757.01 Davidson Sales and Engineering (West Valley City, UT): 04-02661-(reg)
Page Subtotals: $87,584.60 $164,832.75 Page: 17
01-14312-mkv Doc 1118-3 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 MagCorp ESTATE CASH Forms RECEIPTS 1 and AND 2 DISBURSEMENTS Pg 27 of 67 RECORD Case No: 01-14312 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Magnesium Corporation of America Bank Name: Hudson Valley Bank Account Number/CD#: XXXXXX2601 Checking Account Taxpayer ID No: XX-XXX0566 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $143,000,000.00
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Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 09/08/06 77 Codale Electric Supply, Inc. Preference settlement with 1141-000 $4,000.00 $22,757.01 Codale Electric Supply, Inc. (Salt Lake City, UT): 04-02512 (reg) 09/11/06 79 Exxon Mobil Corporation Preference settlement with 1141-000 $21,720.80 $44,477.81 Exxon Mobil Corporation d/b/a Exxon Chemical, Americas: 04-02559 (reg) 09/11/06 Transfer to Acct # XXXXXX4926 Bank Funds Transfer 9999-000 $30,917.00 $13,560.81
09/13/06 80 Vredenburg Inc. Preference settlement with 1141-000 $25,000.00 $38,560.81 Vredenburg Inc. (West Valley City, UT): 04-02630 (reg) 09/15/06 81 G&K Services, Inc. Preference settlement with 1141-000 $7,000.00 $45,560.81 G&K Services, Inc.: 04-02564 (reg) 09/22/06 82 Harris Tube Service Preference settlement with 1141-000 $45,000.00 $90,560.81 Harris Tube Service: 04-02583 (reg) 09/27/06 84 Energy Management Corp. Preference settlement with 1141-000 $10,000.00 $100,560.81 Energy Management Corp. (Salt Lake City, UT): 04-02555 (reg) 09/27/06 83 Western Refractory Construction Inc. Preference settlement with 1141-000 $20,000.00 $120,560.81 Western Refractory Construction Inc. (Longmont, CO): 04-02636 (reg) 09/29/06 85 KPMG LLP Preference settlement with 1141-000 $8,000.00 $128,560.81 KPMG LLP: 04-02643 (reg) 09/30/06 INT Hudson Valley Bank Interest Earned For September 1270-000 $69.41 $128,630.22
Page Subtotals: $140,790.21 $30,917.00 Page: 18
01-14312-mkv Doc 1118-3 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 MagCorp ESTATE CASH Forms RECEIPTS 1 and AND 2 DISBURSEMENTS Pg 28 of 67 RECORD Case No: 01-14312 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Magnesium Corporation of America Bank Name: Hudson Valley Bank Account Number/CD#: XXXXXX2601 Checking Account Taxpayer ID No: XX-XXX0566 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $143,000,000.00
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Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 10/02/06 87 Mountain View Power & Industrial LLC Preference Settlement with 1141-000 $2,500.00 $131,130.22 Mountain View Power LLC: 04- 02600 (reg) 1st of 12 payments of $2,500.00 each 10/02/06 86 Siemens Energy Automation Inc. Preference settlement with 1141-000 $20,000.00 $151,130.22 Siemens Energy Automation Inc.: 04- 02616 (reg) 10/05/06 88 Continental Steel Corp. Preference settlement with 1141-000 $50,000.00 $201,130.22 Continental Steel Corp.: 04- 02525 (reg) 10/06/06 89 Structural Steel and Fabrication Co. Preference Settlement with 1141-000 $50,000.00 $251,130.22 Structural Steel and Fabrication Co. (North Salt Lake, UT): 04-02619 (reg) 10/10/06 Transfer from Acct # XXXXXX4926 Transfer to increase balance in 9999-000 $260,000.00 $511,130.22 money market/checking account for purchase of Treasury bills. 10/11/06 Transfer to Acct # XXXXXX1677 Purchase of Treasury bills 9999-000 $498,623.06 $12,507.16 maturing on 11/2/06 at $500,000.00. 10/13/06 90 Louis Marucheau Preference settlement with 1141-000 $3,000.00 $15,507.16 Louis Marucheau: 04-02667 (reg) 10/16/06 91 Hale's Oil Co., Inc. Preference settlement with 1141-000 $1,500.00 $17,007.16 Hale's Oil Co., Inc. (Grantsville, UT): 04-02592 (reg) 10/16/06 92 Laco Technologies, Inc. Preference settlement with 1141-000 $4,500.00 $21,507.16 Laco Technologies, Inc.: 04-02665 (reg) 10/19/06 93 International Magnesium Association Preference settlement with 1141-000 $3,000.00 $24,507.16 International Magnesium Association (Wauconda, IL): 04 -02647 (reg)
Page Subtotals: $394,500.00 $498,623.06 Page: 19
01-14312-mkv Doc 1118-3 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 MagCorp ESTATE CASH Forms RECEIPTS 1 and AND 2 DISBURSEMENTS Pg 29 of 67 RECORD Case No: 01-14312 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Magnesium Corporation of America Bank Name: Hudson Valley Bank Account Number/CD#: XXXXXX2601 Checking Account Taxpayer ID No: XX-XXX0566 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $143,000,000.00
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Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 10/20/06 95 Preferred Paving Preference settlement with 1141-000 $45,000.00 $69,507.16 Preferred Paving: 04-02604 (reg) 10/20/06 94 Great Lakes Carbon LLC Preference settlement with 1141-000 $28,000.00 $97,507.16 Great Lakes Carbon LLC: 04-02580 (reg) 10/25/06 Transfer from Acct # XXXXXX4926 Bank Funds Transfer 9999-000 $475,173.57 $572,680.73
10/25/06 121 Reverses Check # 121 VOID: Jackson Thorton & Co. ($6,501.65) $579,182.38 P.C $5,058.00 3731-000
$1,443.65 3732-000
10/25/06 120 Reverses Check # 120 VOID: Weiser LLP ($46,428.53) $625,610.91
$44,687.20 3410-000
$1,741.33 3420-000
10/25/06 123 Jackson Thornton & Co., P.C. Fees for 4/1/06-9/30/06 (net of $6,501.65 $619,109.26 200 Commerce St.Montgomery, AL 20% holdback) pursuant to 36104 order entered on 10/25/06. ($5,058.00) 3731-000
($1,443.65) 3732-000
10/25/06 121 Jackson Thornton & Co., P.C. Fees for 4/1/06-9/30/06 (net of $6,501.65 $612,607.61 200 Commerce St.Montgomery, AL 20% holdback) pursuant to 36104 order entered on 10/25/06. ($5,058.00) 3731-001
($1,443.65) 3732-001
Page Subtotals: $548,173.57 ($39,926.88) Page: 20
01-14312-mkv Doc 1118-3 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 MagCorp ESTATE CASH Forms RECEIPTS 1 and AND 2 DISBURSEMENTS Pg 30 of 67 RECORD Case No: 01-14312 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Magnesium Corporation of America Bank Name: Hudson Valley Bank Account Number/CD#: XXXXXX2601 Checking Account Taxpayer ID No: XX-XXX0566 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $143,000,000.00
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Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 10/25/06 LEE E. BUCHWALD Commissions for 1/1/05- $22,332.87 $590,274.74 Buchwald Capital Advisors LLC420 10/2/06 Lexington AvenueSuite 300New York, NY (net of 20% holdback) and 10170-0399 expenses pursuant to order entered on 10/25/06. LEE E. BUCHWALD ($19,450.94) 2100-000
($2,881.93) 2200-000
10/25/06 Stevens & Lee, P.C. Fees for 1/1/05-8/31/06 (net of 3210-000 $484,823.87 $105,450.87 20% holdback) and expenses pursuant to order entered on 10/25/06. 10/25/06 120 Weiser LLP Fees for 1/1/05-8/31/06 (net of $46,428.53 $59,022.34 135 West 50th St.New York, NY 10020 20% holdback) and expenses pursuant to order entered on 10/25/06. ($44,687.20) 3410-001
($1,741.33) 3420-001
10/25/06 122 Weiser LLP Fees for 1/1/05-8/31/06 (net of $46,428.53 $12,593.81 135 West 50th St.New York, NY 10020 20% holdback) and expenses pursuant to order entered on 10/25/06. ($44,687.20) 3410-000
($1,741.33) 3420-000
10/31/06 87 Mountain View Power & Industrial LLC Preference Settlement 1141-000 $2,500.00 $15,093.81 Mountain View Power LLC: 04-02600 (reg) 2nd of 12 payments of $2,500.00 each 10/31/06 INT Hudson Valley Bank Interest Earned For October 1270-000 $158.10 $15,251.91
11/01/06 Transfer from Acct # XXXXXX4926 Bank Funds Transfer 9999-000 $698.01 $15,949.92
Page Subtotals: $3,356.11 $600,013.80 Page: 21
01-14312-mkv Doc 1118-3 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 MagCorp ESTATE CASH Forms RECEIPTS 1 and AND 2 DISBURSEMENTS Pg 31 of 67 RECORD Case No: 01-14312 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Magnesium Corporation of America Bank Name: Hudson Valley Bank Account Number/CD#: XXXXXX2601 Checking Account Taxpayer ID No: XX-XXX0566 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $143,000,000.00
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Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 11/01/06 Transfer from Acct # XXXXXX4926 Transfer to close account 9999-000 $100,000.00 $115,949.92
11/01/06 INT Hudson Valley Bank Final interest payment from CD 1270-001 $698.01 $116,647.93 - Interest Posted in error 11/02/06 Transfer from Acct # XXXXXX1677 Proceeds from T-Bill maturing 9999-000 $500,000.00 $616,647.93 11/2/06 11/02/06 Transfer to Acct # XXXXXX1677 For purchase of $608,000.00 T- 9999-000 $600,592.20 $16,055.73 Bill at a discount of 4.947% 11/06/06 96 American Tubular Preference settlement with 1141-000 $2,000.00 $18,055.73 American Tubular: 04-02575 (reg) 11/06/06 INT Reverses Interest on 11/01/06 Final interest payment from CD 1270-000 ($698.01) $17,357.72 - 11/07/06 97 Weidner & Associates Preference settlement with 1141-000 $5,000.00 $22,357.72 Weidner & Associates: 04-02632 (reg) 11/22/06 98 Powmat LTD Preference settlement with 1141-000 $6,000.00 $28,357.72 Powmat LTD: 04-02669 (reg) 11/27/06 99 Kelly Pipe Co., LLC Preference settlement with 1141-000 $6,500.00 $34,857.72 Kelly Pipe Co., LLC: 01-14312) reg 11/29/06 87 Mountain View Power LLC Preference Settlement 1141-000 $2,500.00 $37,357.72 Mountain View Power LLC: 04-02600 (reg) 3rd of 12 payments of $2,500.00 each 11/30/06 INT Hudson Valley Bank Interest Earned For November 1270-000 $51.42 $37,409.14
12/11/06 100 Compositech Rubber West Default collection from 1141-000 $3,500.00 $40,909.14 Compositech Rubber West on default judgment of $19,701.79: 04-02524 (reg)
Page Subtotals: $625,551.42 $600,592.20 Page: 22
01-14312-mkv Doc 1118-3 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 MagCorp ESTATE CASH Forms RECEIPTS 1 and AND 2 DISBURSEMENTS Pg 32 of 67 RECORD Case No: 01-14312 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Magnesium Corporation of America Bank Name: Hudson Valley Bank Account Number/CD#: XXXXXX2601 Checking Account Taxpayer ID No: XX-XXX0566 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $143,000,000.00
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Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 12/11/06 124 C&W CONSULTANTS 3991-120 $700.00 $40,209.14 120 W. EastmanSuite 300Arlington Heights, IL 60004 12/14/06 101 Thatcher Company Settlement of default judgment 1141-000 $10,000.00 $50,209.14 with Thatcher Company (Salt Lake City, UT): 04-02623 (reg) 12/15/06 102 Disco Associates Inc. Preference settlement on 1141-000 $5,000.00 $55,209.14 default judgment with Disco Associates Inc. (Salt Lake City, UT): 04-02550 (reg) 12/29/06 87 Mountain View Power LLC Preference Settlement 1141-000 $2,500.00 $57,709.14 Mountain View Power LLC: 04-02600 (reg) 4th of 12 payments of $2,500.00 each. 12/29/06 102 Disco Associates Inc. Preference settlement on 1141-000 $5,000.00 $62,709.14 default judgment with Disco Associates Inc. (Salt Lake City, UT): 04-02550 (reg) 12/31/06 INT Hudson Valley Bank Interest Earned For December 1270-000 $67.71 $62,776.85
01/08/07 125 C&W CONSULTANTS Comimissions per invoice 3991-120 $3,774.43 $59,002.42 120 W. EastmanSuite 300Arlington #003814 Heights, IL 60004 12/31/06 01/09/07 103 Flinders Trucking Settlement on $25,099.20 1141-000 $1,666.67 $60,669.09 default on preference action by Flinders Trucking: 04-02560 (reg) 01/09/07 104 Grating Systems Settlement on $13,932.16 1141-000 $4,000.00 $64,669.09 default on preference action by Grating Systems: 04-02579 (reg).
Page Subtotals: $28,234.38 $4,474.43 Page: 23
01-14312-mkv Doc 1118-3 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 MagCorp ESTATE CASH Forms RECEIPTS 1 and AND 2 DISBURSEMENTS Pg 33 of 67 RECORD Case No: 01-14312 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Magnesium Corporation of America Bank Name: Hudson Valley Bank Account Number/CD#: XXXXXX2601 Checking Account Taxpayer ID No: XX-XXX0566 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $143,000,000.00
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Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 01/09/07 106 Roto Aire Filter Sales & Service Settlement on $7,568.97 1141-000 $4,000.00 $68,669.09 default on preference action by Roto Aire Filter Sales & Service: 04- 02652 (reg). 01/09/07 105 Key Bellevilles, Inc. Settlement on $18,411 default 1141-000 $9,205.50 $77,874.59 on preference action by Key Bellevilles, Inc.: 04-02579 (reg) 01/31/07 102 Stoddard Steel Preference settlement with 1141-000 $2,000.00 $79,874.59 Stoddard Steel: 04-02618 (reg)
Total settlement of $12K 01/31/07 Mountain View Power LLC Preference Settlement 1141-001 $2,500.00 $82,374.59 Mountain View Power LLC: 04-02600 (reg) 5th of 12 payments of $2,500.00 each. 01/31/07 87 Mountain View Power LLC Preference Settlement 1141-000 $2,500.00 $84,874.59 Mountain View Power LLC: 04-02600 (reg) 5th of 12 payments of $2,500.00 each. 01/31/07 INT Hudson Valley Bank Interest Earned For January 1270-000 $111.80 $84,986.39
01/31/07 Mountain View Power LLC Preference Settlement 1141-000 ($2,500.00) $82,486.39 Mountain Reversal DEP REVERSE: Mountain View Power LL 02/01/07 Transfer from Acct # XXXXXX1677 Proceeds of Treasury Bill 9999-000 $608,000.00 $690,486.39
02/01/07 Transfer to Acct # XXXXXX1677 Purchase of Treasury Bill 9999-000 $674,574.82 $15,911.57 maturing 5/3/07 yielding 5.0100% to maturity.
Page Subtotals: $625,817.30 $674,574.82 Page: 24
01-14312-mkv Doc 1118-3 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 MagCorp ESTATE CASH Forms RECEIPTS 1 and AND 2 DISBURSEMENTS Pg 34 of 67 RECORD Case No: 01-14312 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Magnesium Corporation of America Bank Name: Hudson Valley Bank Account Number/CD#: XXXXXX2601 Checking Account Taxpayer ID No: XX-XXX0566 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $143,000,000.00
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Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 02/09/07 109 IGM Carbon, Inc. (Dupenn Inc.) Preference settlement with IGM 1141-000 $10,000.00 $25,911.57
Carbon, Inc. (Dupenn Inc.): 04- 02588 (reg) 02/12/07 108 D&K Auto Parts, Inc. Preference settlement with 1141-000 $1,500.00 $27,411.57 D&K Auto Parts, Inc.: 04-02532 (reg) 02/14/07 103 Flinders Trucking 1141-000 $1,666.67 $29,078.24
02/14/07 111 Grating Systems Settlement of default on 1141-000 $4,000.00 $33,078.24 preference litigation with Grating Systems: 04-02579 (reg) 02/14/07 110 APL Logistics Freight Settlement of default on 1141-000 $5,000.00 $38,078.24 preference litigation with APL Logistics Freight: 04-02504 (reg) 02/14/07 112 Wells Fargo Bank Settlement of default on 1141-000 $9,699.66 $47,777.90 preference litigation with Wells Fargo Bank: 04-02577 (reg) 02/14/07 126 C&W CONSULTANTS 3991-120 $4,073.26 $43,704.64 120 W. EastmanSuite 300Arlington Heights, IL 60004 02/27/07 87 Mountain View Power LLC 1141-000 $2,500.00 $46,204.64
02/28/07 107 Stoddard Steel 1141-000 $1,000.00 $47,204.64
02/28/07 109 IGM Carbon, Inc. Preference settlement with IGM 1141-000 $6,000.00 $53,204.64
Carbon, Inc.: 04-02588 (reg) 02/28/07 INT Hudson Valley Bank Interest Earned For February 1270-000 $37.13 $53,241.77
02/28/07 127 ARTHUR B. LEVINE COMPANY Bond No. 8696814 4/14/07 - 2300-000 $1,275.00 $51,966.77 60 East 42nd StreetNew York, NY 10165 4/13/08 03/02/07 108 D&K Auto Parts, Inc. 1141-000 $1,500.00 $53,466.77
Page Subtotals: $42,903.46 $5,348.26 Page: 25
01-14312-mkv Doc 1118-3 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 MagCorp ESTATE CASH Forms RECEIPTS 1 and AND 2 DISBURSEMENTS Pg 35 of 67 RECORD Case No: 01-14312 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Magnesium Corporation of America Bank Name: Hudson Valley Bank Account Number/CD#: XXXXXX2601 Checking Account Taxpayer ID No: XX-XXX0566 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $143,000,000.00
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Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 03/02/07 114 Union Pacific Railroad Co. Preference settlement with 1141-000 $7,400.00 $60,866.77 Union Pacific Railroad Co.: 04-02684 (reg) 03/28/07 107 Stoddard Steel 1141-000 $1,000.00 $61,866.77
03/29/07 87 Mountain View Power LLC 1141-000 $2,500.00 $64,366.77
03/31/07 INT Hudson Valley Bank Interest Earned For March 1270-000 $90.90 $64,457.67
04/02/07 109 IGM Carbon, Inc. (Dupenn Inc.) Preference settlement with IGM 1141-000 $6,000.00 $70,457.67
Carbon, Inc.: 04-02588 (reg) 04/12/07 103 Flinders Trucking 1141-000 $1,666.66 $72,124.33
04/12/07 128 C&W CONSULTANTS $502.33 $71,622.00 120 W. EastmanSuite 300Arlington Heights, IL 60004 ($333.33) 3991-000
($169.00) 3992-000
04/27/07 107 Stoddard Steel 1141-000 $1,000.00 $72,622.00
04/30/07 87 Mountain View Power 1141-000 $2,500.00 $75,122.00
04/30/07 115 Questar Gas Co. Preference settlement with 1141-000 $20,000.00 $95,122.00 Questar Gas Co. (Salt Lake City, UT): 04-02685 (reg) 04/30/07 INT Hudson Valley Bank Interest Earned For April 1270-000 $103.60 $95,225.60
05/01/07 109 IGM Carbon, Inc. 1141-000 $6,000.00 $101,225.60
05/03/07 Transfer from Acct # XXXXXX1677 Proceeds from Treasury Bill 9999-000 $683,000.00 $784,225.60 maturing 5/3/07.
Page Subtotals: $731,261.16 $502.33 Page: 26
01-14312-mkv Doc 1118-3 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 MagCorp ESTATE CASH Forms RECEIPTS 1 and AND 2 DISBURSEMENTS Pg 36 of 67 RECORD Case No: 01-14312 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Magnesium Corporation of America Bank Name: Hudson Valley Bank Account Number/CD#: XXXXXX2601 Checking Account Taxpayer ID No: XX-XXX0566 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $143,000,000.00
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Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 05/04/07 Transfer to Acct # XXXXXX1677 For purchase of Treasury bill 9999-000 $768,936.30 $15,289.30 maturing 8/07. 05/11/07 116 P&O Nedlloyd Settlement of default judgment 1141-000 $21,981.65 $37,270.95 by P&O Nedlloyd: 04-02603 (reg) 05/11/07 129 C&W CONSULTANTS P&O Nedlloyd 04-02603 3991-120 $4,396.33 $32,874.62 1540 E. DundeeSuite 240Palatine, IL collection 60074 fee 05/30/07 87 Mountain View Power 1141-000 $2,500.00 $35,374.62
05/30/07 107 Stoddard Steel 1141-000 $1,000.00 $36,374.62
05/31/07 INT Hudson Valley Bank Interest Earned For May 1270-000 $79.13 $36,453.75
06/04/07 109 IGM Carbon, Inc. 1141-000 $6,000.00 $42,453.75
06/28/07 117 Terra Diamond Industrial Preference proceeds from 1141-000 $10,000.00 $52,453.75 Terra Diamond Industrial: 04-02622 (reg) 06/29/07 87 Mountain View Power 1141-000 $2,500.00 $54,953.75
06/30/07 INT Hudson Valley Bank Interest Earned For June 1270-000 $51.06 $55,004.81
07/03/07 107 Stoddard Steel 1141-000 $1,000.00 $56,004.81
07/05/07 109 IGM Carbon, Inc. 1141-000 $6,000.00 $62,004.81
07/13/07 118 Penna Powers Preference settlement with 1141-000 $17,284.07 $79,288.88 Penna Powers: 04-02668 (reg) 07/13/07 130 C&W CONSULTANTS Colllections of Penna Power 3991-120 $7,185.22 $72,103.66 P.O. Box 8338Rolling Meadows, IL, IL and 60008 Terra Diamond 07/27/07 87 Mountain View Power 1141-000 $2,500.00 $74,603.66
Page Subtotals: $70,895.91 $780,517.85 Page: 27
01-14312-mkv Doc 1118-3 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 MagCorp ESTATE CASH Forms RECEIPTS 1 and AND 2 DISBURSEMENTS Pg 37 of 67 RECORD Case No: 01-14312 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Magnesium Corporation of America Bank Name: Hudson Valley Bank Account Number/CD#: XXXXXX2601 Checking Account Taxpayer ID No: XX-XXX0566 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $143,000,000.00
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Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 07/31/07 INT Hudson Valley Bank Interest Earned For July 1270-000 $99.85 $74,703.51
08/01/07 107 Stoddard Steel 1141-000 $1,000.00 $75,703.51
08/02/07 Transfer from Acct # XXXXXX1677 Proceeds of Treasury Bill 9999-000 $778,000.00 $853,703.51
08/02/07 Transfer to Acct # XXXXXX1677 Purchase of Treasury Bill 9999-000 $832,039.14 $21,664.37 maturing 11/1/07 08/29/07 131 ARTHUR B. LEVINE COMPANY Bond# 8696814 Increase bond 2300-000 $89.00 $21,575.37 60 East 42nd StreetNew York, NY 10165 to $940,000 08/30/07 87 Mountain View Power 1141-000 $2,500.00 $24,075.37
08/31/07 INT Hudson Valley Bank Interest Earned For August 1270-000 $28.50 $24,103.87
09/05/07 107 Stoddard Steel 1141-000 $1,000.00 $25,103.87
09/12/07 119 US Xpress Enterprises, Inc. Preference settlement with US 1141-000 $30,000.00 $55,103.87 Xpress Enterprises, Inc.: 04- 02572 (REG) 09/26/07 107 Stoddard Steel 1141-000 $1,000.00 $56,103.87
09/30/07 INT Hudson Valley Bank Interest Earned For September 1270-000 $53.44 $56,157.31
10/30/07 107 Stoddard Steel 1141-000 $1,000.00 $57,157.31
10/31/07 INT Hudson Valley Bank Interest Earned For October 1270-000 $66.85 $57,224.16
11/05/07 Transfer from Acct # XXXXXX1677 Proceeds of Treasury 9999-000 $842,000.00 $899,224.16 Securities. 11/05/07 132 Reverses Check # 132 VOID: LEE E. BUCKWALD 1110-000 $11,123.74 $910,347.90
Page Subtotals: $1,667,872.38 $832,128.14 Page: 28
01-14312-mkv Doc 1118-3 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 MagCorp ESTATE CASH Forms RECEIPTS 1 and AND 2 DISBURSEMENTS Pg 38 of 67 RECORD Case No: 01-14312 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Magnesium Corporation of America Bank Name: Hudson Valley Bank Account Number/CD#: XXXXXX2601 Checking Account Taxpayer ID No: XX-XXX0566 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $143,000,000.00
1 2 3 4 5 6 7
Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 11/05/07 Weiser LLP Fees for 9/1/06-8/31/07 (net of 3410-000 $7,608.37 $902,739.53 25% holdback) and expenses pursuant to order entered on 11/2/07. 11/05/07 132 LEE E. BUCHWALD Fees for 10/3/06-9/15/07 (net of 1110-001 ($11,123.74) $891,615.79 Buchwald Capital Advisors LLC380 Lexington Avenue17th FloorNew York, 25% holdback) and expenses NY 10168-1799 pursuant to order entered on 11/2/07. 11/05/07 LEE E. BUCHWALD Fees for 10/3/06-9/15/07 (net of 2100-000 $11,123.74 $880,492.05 Buchwald Capital Advisors LLC380 Lexington Avenue17th FloorNew York, 25% holdback) and expenses NY 10168-1799 pursuant to order entered on 11/2/07. 11/05/07 Stevens & Lee, P.C. Fees for 9/1/06-8/31/07 (net of 3210-000 $353,078.01 $527,414.04 25% holdback) and expenses pursuant to order entered on 11/2/07. 11/05/07 Transfer to Acct # XXXXXX1677 For purchase of Treasury 9999-000 $509,296.61 $18,117.43 securities. 11/21/07 120 GSL Electric Inc. Preference settlement with 1141-000 $25,000.00 $43,117.43 GSL Electric Inc. (Sandy, UT): 04- 02566 (REG) 11/30/07 INT Hudson Valley Bank Interest Earned For November 1270-000 $80.56 $43,197.99
12/04/07 107 Stoddard Steel 1141-000 $1,000.00 $44,197.99
12/24/07 121 Harrington & Co. Preference settlement with 1141-000 $2,000.00 $46,197.99 Harrington & Co.: 04-02649 (REG) 12/31/07 INT Hudson Valley Bank Interest Earned For December 1270-000 $38.07 $46,236.06
01/14/08 120 GSL Electric Inc. 1141-000 $25,000.00 $71,236.06
01/31/08 Transfer from Acct # XXXXXX1677 Proceeds from Treasury 9999-000 $514,000.00 $585,236.06 Securities
Page Subtotals: $555,994.89 $881,106.73 Page: 29
01-14312-mkv Doc 1118-3 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 MagCorp ESTATE CASH Forms RECEIPTS 1 and AND 2 DISBURSEMENTS Pg 39 of 67 RECORD Case No: 01-14312 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Magnesium Corporation of America Bank Name: Hudson Valley Bank Account Number/CD#: XXXXXX2601 Checking Account Taxpayer ID No: XX-XXX0566 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $143,000,000.00
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Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 01/31/08 INT Hudson Valley Bank Interest Earned For January 1270-000 $49.89 $585,285.95
01/31/08 Transfer to Acct # XXXXXX1677 Purchase of Treasury 9999-000 $579,863.14 $5,422.81 Securities 02/29/08 INT Hudson Valley Bank Interest Earned For February 1270-000 $2.00 $5,424.81
03/03/08 133 Arthur B. Levine Company 2300-000 $1,125.00 $4,299.81 60 East 42nd StreetNew York, NY 10165 03/31/08 INT Hudson Valley Bank Interest Earned For March 1270-000 $1.65 $4,301.46
04/21/08 122 Non-Metals 1141-000 $1,000.00 $5,301.46
04/30/08 INT Hudson Valley Bank Interest Earned For April 1270-000 $1.33 $5,302.79
05/31/08 INT Hudson Valley Bank Interest Earned For May 1270-000 $1.57 $5,304.36
06/30/08 INT Hudson Valley Bank Interest Earned For June 1270-000 $1.52 $5,305.88
07/31/08 INT Hudson Valley Bank Interest Earned For July 1270-000 $1.57 $5,307.45
08/31/08 INT Hudson Valley Bank Interest Earned For August 1270-000 $1.57 $5,309.02
09/02/08 Transfer from Acct # XXXXXX9926 Bank Funds Transfer 9999-000 $584,363.62 $589,672.64
09/30/08 INT Hudson Valley Bank Interest Earned For September 1270-000 $280.39 $589,953.03
10/31/08 INT Hudson Valley Bank Interest Earned For October 1270-000 $299.81 $590,252.84
11/30/08 INT Hudson Valley Bank INTEREST REC'D FROM 1270-000 $258.84 $590,511.68 BANK 12/08/08 INT Hudson Valley Bank 1270-000 $50.82 $590,562.50
12/08/08 Transfer to Acct # xxxxxx1850 Transfer of Funds 9999-000 $590,562.50 $0.00
Page Subtotals: $586,314.58 $1,171,550.64 Page: 30
01-14312-mkv Doc 1118-3 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 MagCorp ESTATE CASH Forms RECEIPTS 1 and AND 2 DISBURSEMENTS Pg 40 of 67 RECORD Case No: 01-14312 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Magnesium Corporation of America Bank Name: Hudson Valley Bank Account Number/CD#: XXXXXX2601 Checking Account Taxpayer ID No: XX-XXX0566 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $143,000,000.00
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Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 03/07/11 134 Arthur B. Levine Company Fiduciary Trustee bond: 2300-001 $1,125.00 ($1,125.00) 60 East 42nd Street 4/14/11-4/13/12 Suite 965 New York, NY 10165 05/04/11 134 Arthur B. Levine Company Wrong account 2300-000 ($1,125.00) $0.00 60 East 42nd Street Suite 965 New York, NY 10165
COLUMN TOTALS $7,573,327.48 $7,573,327.48 Less: Bank Transfers/CD's $5,345,235.20 $5,869,487.77 Subtotal $2,228,092.28 $1,703,839.71 Less: Payments to Debtors $0.00 $0.00 Net $2,228,092.28 $1,703,839.71
Page Subtotals: $0.00 $0.00 Page: 31
01-14312-mkv Doc 1118-3 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 MagCorp ESTATE CASH Forms RECEIPTS 1 and AND 2 DISBURSEMENTS Pg 41 of 67 RECORD Case No: 01-14312 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Magnesium Corporation of America Bank Name: Union Bank Account Number/CD#: XXXXXX1850 Money Market Account (Interest Earn Taxpayer ID No: XX-XXX0566 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $143,000,000.00
1 2 3 4 5 6 7
Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 12/08/08 Transfer from Acct # xxxxxx2601 Transfer of Funds 9999-000 $590,562.50 $590,562.50
12/31/08 INT Union Bank of California Interest Rate 0.400 1270-000 $177.48 $590,739.98
01/30/09 INT Union Bank of California Interest Rate 0.400 1270-000 $194.17 $590,934.15
02/09/09 1001 Arthur B. Levine Company Bond No. 8696814 for 4/14/09 2300-000 $1,125.00 $589,809.15 60 East 42nd Street - 4/13/2010 Suite 965 New York, NY 10165 02/09/09 Transfer to Acct# XXXXXX1868 Transfer of Funds 9999-000 $1,125.00 $588,684.15
02/27/09 INT Union Bank of California Interest Rate 0.400 1270-000 $180.95 $588,865.10
03/31/09 INT Union Bank of California Interest Rate 0.400 1270-000 $206.50 $589,071.60
04/30/09 INT Union Bank of California Interest Rate 0.400 1270-000 $193.65 $589,265.25
05/07/09 Transfer from Acct# XXXXXX1868 Transfer of Funds 9999-000 $1,125.00 $590,390.25
05/29/09 INT Union Bank of California Interest Rate 0.300 1270-000 $151.96 $590,542.21
06/30/09 INT Union Bank of California Interest Rate 0.300 1270-000 $155.30 $590,697.51
07/31/09 INT Union Bank of California Interest Rate 0.300 1270-000 $150.51 $590,848.02
08/31/09 INT Union Bank of California Interest Rate 0.300 1270-000 $150.54 $590,998.56
09/30/09 INT Union Bank of California Interest Rate 0.300 1270-000 $145.71 $591,144.27
10/30/09 INT Union Bank of California Interest Rate 0.300 1270-000 $145.74 $591,290.01
11/30/09 INT Union Bank of California Interest Rate 0.250 1270-000 $127.14 $591,417.15
12/31/09 INT Union Bank of California Interest Rate 0.150 1270-000 $125.55 $591,542.70
Page Subtotals: $593,792.70 $2,250.00 Page: 32
01-14312-mkv Doc 1118-3 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 MagCorp ESTATE CASH Forms RECEIPTS 1 and AND 2 DISBURSEMENTS Pg 42 of 67 RECORD Case No: 01-14312 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Magnesium Corporation of America Bank Name: Union Bank Account Number/CD#: XXXXXX1850 Money Market Account (Interest Earn Taxpayer ID No: XX-XXX0566 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $143,000,000.00
1 2 3 4 5 6 7
Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 01/29/10 INT Union Bank of California Interest Rate 0.150 1270-000 $75.36 $591,618.06
02/26/10 INT Union Bank of California Interest Rate 0.150 1270-000 $68.07 $591,686.13
03/15/10 Transfer to Acct# XXXXXX1868 Arthur Levine for Trustee bond 9999-000 $1,125.00 $590,561.13 4/14/10 - 4/13/01 03/31/10 INT Union Bank of California Interest Rate 0.150 1270-000 $80.16 $590,641.29
04/30/10 INT Union Bank of California Interest Rate 0.150 1270-000 $72.81 $590,714.10
05/28/10 INT Union Bank of California Interest Rate 0.100 1270-000 $46.92 $590,761.02
06/30/10 INT Union Bank of California Interest Rate 0.100 1270-000 $53.39 $590,814.41
07/30/10 INT Union Bank of California Interest Rate 0.100 1270-000 $55.82 $590,870.23
08/31/10 INT Union Bank of California Interest Rate 0.100 1270-000 $51.78 $590,922.01
09/30/10 INT Union Bank of California Interest Rate 0.100 1270-000 $48.57 $590,970.58
10/29/10 INT Union Bank of California Interest Rate 0.100 1270-000 $46.95 $591,017.53
11/30/10 INT Union Bank of California Interest Rate 0.050 1270-000 $27.51 $591,045.04
12/31/10 INT Union Bank of California Interest Rate 0.050 1270-000 $25.08 $591,070.12
01/31/11 INT Union Bank of California Interest Rate 0.000 1270-000 $7.28 $591,077.40
03/07/11 Transfer to Acct# XXXXXX1868 Trustee bond 4/14/11-4/13/12 9999-000 $1,125.00 $589,952.40
09/26/11 Union Bank of California BANK SERVICES FEE (CHK) 2600-000 $1,447.94 $588,504.46
10/25/11 Union Bank of California BANK SERVICES FEE (CHK) 2600-000 $1,447.94 $587,056.52
Page Subtotals: $659.70 $5,145.88 Page: 33
01-14312-mkv Doc 1118-3 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 MagCorp ESTATE CASH Forms RECEIPTS 1 and AND 2 DISBURSEMENTS Pg 43 of 67 RECORD Case No: 01-14312 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Magnesium Corporation of America Bank Name: Union Bank Account Number/CD#: XXXXXX1850 Money Market Account (Interest Earn Taxpayer ID No: XX-XXX0566 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $143,000,000.00
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Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 11/25/11 Union Bank of California BANK SERVICES FEE (CHK) 2600-000 $1,445.48 $585,611.04
12/27/11 Union Bank of California BANK SERVICES FEE (CHK) 2600-000 $1,440.56 $584,170.48
01/25/12 Union Bank of California BANK SERVICES FEE (CHK) 2600-000 $1,438.11 $582,732.37
02/06/12 Transfer to Acct# XXXXXX1868 Transfer of Funds 9999-000 $1,125.00 $581,607.37
02/27/12 Union Bank of California BANK SERVICES FEE (CHK) 2600-000 $1,433.19 $580,174.18
03/26/12 Union Bank of California BANK SERVICES FEE (CHK) 2600-000 $1,428.27 $578,745.91
04/24/12 Transfer to Acct# XXXXXX1868 Payment to Williams mediator 9999-000 $4,287.82 $574,458.09 Baker Hostetler 04/25/12 Union Bank of California BANK SERVICES FEE (CHK) 2600-000 $1,423.36 $573,034.73
05/25/12 Union Bank of California BANK SERVICES FEE (CHK) 2600-000 $1,418.44 $571,616.29
06/14/12 Union Bank of California 2600-000 $600.59 $571,015.70
06/14/12 Transfer to Acct# XXXXXX1379 Transfer of Funds 9999-000 $571,015.70 $0.00
COLUMN TOTALS $594,452.40 $594,452.40 Less: Bank Transfers/CD's $591,687.50 $579,803.52 Subtotal $2,764.90 $14,648.88 Less: Payments to Debtors $0.00 $0.00 Net $2,764.90 $14,648.88
Page Subtotals: $0.00 $587,056.52 Page: 34
01-14312-mkv Doc 1118-3 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 MagCorp ESTATE CASH Forms RECEIPTS 1 and AND 2 DISBURSEMENTS Pg 44 of 67 RECORD Case No: 01-14312 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Magnesium Corporation of America Bank Name: Union Bank Account Number/CD#: XXXXXX1868 Checking Account Taxpayer ID No: XX-XXX0566 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $143,000,000.00
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Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 02/09/09 Transfer from Acct# XXXXXX1850 Transfer of Funds 9999-000 $1,125.00 $1,125.00
05/07/09 Transfer to Acct# XXXXXX1850 Transfer of Funds 9999-000 $1,125.00 $0.00
03/15/10 Transfer from Acct# XXXXXX1850 Arthur Levine for Trustee bond 9999-000 $1,125.00 $1,125.00 4/14/10 - 4/13/01 03/15/10 1001 Arthur B. Levine Company Bond No. 8696814 for 4/14/10 - 2300-000 $1,125.00 $0.00 60 East 42nd St. 4/13/11 Suite 965 New York, NY 10165 03/07/11 Transfer from Acct# XXXXXX1850 Trustee bond 4/14/11-4/13/12 9999-000 $1,125.00 $1,125.00
03/07/11 1002 Arthur B. Levine Company Trustee bond: 4/14/11 - 4/13/12 2300-000 $1,125.00 $0.00 60 East 42nd St. Suite 965 New York, NY 10165 02/06/12 Transfer from Acct# XXXXXX1850 Transfer of Funds 9999-000 $1,125.00 $1,125.00
02/06/12 1003 Arthur B. Levine Company Bond Number 8696814: 2300-000 $1,125.00 $0.00 60 East 42nd Street 4/14/12 - 4/13/13 Suite 965 New York, NY 10165 04/24/12 Transfer from Acct# XXXXXX1850 Payment to Williams mediator 9999-000 $4,287.82 $4,287.82 Baker Hostetler 04/24/12 1004 Baker & Hostetler LLP 4/18/12 Inv. No. 1459243: 3721-000 $4,287.82 $0.00 P.O. Box 70189 Mediation Buchwald v. Cleveland, OH 44190-0189 Williams Energy
COLUMN TOTALS $8,787.82 $8,787.82 Less: Bank Transfers/CD's $8,787.82 $1,125.00 Subtotal $0.00 $7,662.82 Less: Payments to Debtors $0.00 $0.00 Net $0.00 $7,662.82
Page Subtotals: $8,787.82 $8,787.82 Page: 35
01-14312-mkv Doc 1118-3 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 MagCorp ESTATE CASH Forms RECEIPTS 1 and AND 2 DISBURSEMENTS Pg 45 of 67 RECORD Case No: 01-14312 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Magnesium Corporation of America Bank Name: Hudson Valley Bank Account Number/CD#: XXXXXX1677 Pershing Taxpayer ID No: XX-XXX0566 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $143,000,000.00
1 2 3 4 5 6 7
Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 10/11/06 Transfer from Acct # XXXXXX2601 Purchase of Treasury bills 9999-000 $498,623.06 $498,623.06 maturing on 11/2/06 at $500,000.00. 11/02/06 Transfer from Acct # XXXXXX2601 For purchase of $608,000.00 T- 9999-000 $600,592.20 $1,099,215.26 Bill at a discount of 4.947% 11/02/06 INT Pershing Treasury Securities account Net interest proceeds of T-Bill 1270-000 $1,376.94 $1,100,592.20 purchased 10/11/06 for $498,623.06. 11/02/06 Transfer to Acct # XXXXXX2601 Proceeds from T-Bill maturing 9999-000 $500,000.00 $600,592.20 11/2/06 02/01/07 Transfer from Acct # XXXXXX2601 Purchase of Treasury Bill 9999-000 $674,574.82 $1,275,167.02 maturing 5/3/07 yielding 5.0100% to maturity. 02/01/07 INT Proceeds of Treasury Bill maturing 2/1/07 1270-001 $7,407.80 $1,282,574.82
02/01/07 INT Net interest from proceeds of Treasury 1270-000 $7,407.80 $1,289,982.62 Bill mature on 2/1/07 02/01/07 INT DEP REVERSE: Proceeds of Treasury 1270-000 ($7,407.80) $1,282,574.82 Bill maturing /1/07 02/01/07 Transfer to Acct # XXXXXX2601 Proceeds of Treasury Bill 9999-000 $608,000.00 $674,574.82
05/03/07 INT Interest from Treasury bill maturing 5/3/07 1270-000 $8,425.18 $683,000.00
05/03/07 Transfer to Acct # XXXXXX2601 Proceeds from Treasury Bill 9999-000 $683,000.00 $0.00 maturing 5/3/07. 05/04/07 Transfer from Acct # XXXXXX2601 For purchase of Treasury bill 9999-000 $768,936.30 $768,936.30 maturing 8/07. 08/02/07 Transfer from Acct # XXXXXX2601 Purchase of Treasury Bill 9999-000 $832,039.14 $1,600,975.44 maturing 11/1/07 08/02/07 INT Interest from Treasury Bill 1270-000 $9,063.70 $1,610,039.14
Page Subtotals: $3,401,039.14 $1,791,000.00 Page: 36
01-14312-mkv Doc 1118-3 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 MagCorp ESTATE CASH Forms RECEIPTS 1 and AND 2 DISBURSEMENTS Pg 46 of 67 RECORD Case No: 01-14312 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Magnesium Corporation of America Bank Name: Hudson Valley Bank Account Number/CD#: XXXXXX1677 Pershing Taxpayer ID No: XX-XXX0566 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $143,000,000.00
1 2 3 4 5 6 7
Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 08/02/07 Transfer to Acct # XXXXXX2601 Proceeds of Treasury Bill 9999-000 $778,000.00 $832,039.14
11/01/07 INT Interest from Treasury Securities 1270-000 $9,960.86 $842,000.00
11/05/07 Transfer from Acct # XXXXXX2601 For purchase of Treasury 9999-000 $509,296.61 $1,351,296.61 securities. 11/05/07 Transfer to Acct # XXXXXX2601 Proceeds of Treasury 9999-000 $842,000.00 $509,296.61 Securities. 01/31/08 Transfer from Acct # XXXXXX2601 Purchase of Treasury 9999-000 $579,863.14 $1,089,159.75 Securities 01/31/08 INT Interest from Treasury Securities 1270-000 $4,703.39 $1,093,863.14
01/31/08 Transfer to Acct # XXXXXX2601 Proceeds from Treasury 9999-000 $514,000.00 $579,863.14 Securities 05/01/08 INT Interest on Treasury Bill Interest on Treasury Bill 1270-000 $3,136.86 $583,000.00
05/01/08 Transfer to Acct # XXXXXX9926 Transfer of Treasury Bill 9999-000 $583,000.00 $0.00 proceeds.
COLUMN TOTALS $4,508,000.00 $4,508,000.00 Less: Bank Transfers/CD's $4,463,925.27 $4,508,000.00 Subtotal $44,074.73 $0.00 Less: Payments to Debtors $0.00 $0.00 Net $44,074.73 $0.00
Page Subtotals: $1,106,960.86 $2,717,000.00 Page: 37
01-14312-mkv Doc 1118-3 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 MagCorp ESTATE CASH Forms RECEIPTS 1 and AND 2 DISBURSEMENTS Pg 47 of 67 RECORD Case No: 01-14312 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Magnesium Corporation of America Bank Name: Rabobank, N.A. Account Number/CD#: XXXXXX1100 Checking Taxpayer ID No: XX-XXX0566 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $143,000,000.00
1 2 3 4 5 6 7
Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 11/28/16 Transfer from Acct # xxxxxx0866 Transfer to checking account 9999-000 $2,044,770.13 $2,044,770.13
11/29/16 Transfer from Acct # xxxxxx0866 to pay interim allowances to 9999-000 $286,081.00 $2,330,851.13 former attorneys and special appellate counsel 11/29/16 Stevens & Lee, PC Magnesium Corp. of America $2,044,770.13 $286,081.00
Stevens & Lee, PC Interim fees for 9/1/07 -9/30/16 ($2,012,312.40) 3210-000 (net of 20% holdback) pusuant to docket no. 783 entered on 11/28/16 Stevens & Lee, PC Interim expenses for 9/1/07 - ($32,457.73) 3220-000 9/30/16 pursuant to docket no. 783 entered on 11/28/16 11/29/16 Kellogg, Huber, Hansen et al, PLLC Magnesium Corp. of America: $17,196.04 $268,884.96 Fees and expenses 9/1/15- 8/31/16 Kellogg, Huber, Hansen et al, PLLC Interim fees (net of 20% ($10,868.00) 3210-000 holdback) pusuant to order entered 11/28/16 docket no. 783 Kellogg, Huber, Hansen et al, PLLC Interim expenses pursuant to ($6,328.04) 3320-000 order entered 11/28/16, docket no. 783 11/30/16 Transfer from Acct # xxxxxx0866 to pay invoice for publication of 9999-000 $11,725.30 $280,610.26 bar date notice 11/30/16 101 Salomon, Green & Ostrow, PC Payment of holdback from first ($268,884.10) $549,494.36 and second awarded interim fees pursuant to order entered on 11/28/16 (doc no. 783) Voided on 11/30/16 Reversal Payment of holdback from first and second awarded interim fees pursuant to order entered on 11/28/16 (doc no. 783). Voided: check issued on 11/30/2016
Page Subtotals: $2,342,576.43 $1,793,082.07 Page: 38
01-14312-mkv Doc 1118-3 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 MagCorp ESTATE CASH Forms RECEIPTS 1 and AND 2 DISBURSEMENTS Pg 48 of 67 RECORD Case No: 01-14312 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Magnesium Corporation of America Bank Name: Rabobank, N.A. Account Number/CD#: XXXXXX1100 Checking Taxpayer ID No: XX-XXX0566 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $143,000,000.00
1 2 3 4 5 6 7
Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) Salomon, Green & Ostrow, PC Payment of holdback from first $179,503.28 3210-000 and second awarded interim fees pursuant to order entered on 11/28/16 (doc no. 783) Voided on 11/30/16 89380.82 $89,380.82 3210-000
11/30/16 Rabobank, N.A. Bank and Technology Service 2600-001 $108.48 $549,385.88 Fees 11/30/16 101 Salomon, Green & Ostrow, PC Payment of holdback from first $268,884.10 $280,501.78 and second awarded interim fees pursuant to order entered on 11/28/16 (doc no. 783) Voided on 11/30/16 Salomon, Green & Ostrow, PC Payment of holdback from first ($179,503.28) 3210-001 and second awarded interim fees pursuant to order entered on 11/28/16 (doc no. 783) Voided on 11/30/16 89380.82 ($89,380.82) 3210-001
11/30/16 102 Miller Advertising Agency, Inc. Payment for publication of Bar 2990-000 $11,725.30 $268,776.48 Date Notice (NY Times and Salt Lake Tribune) 12/02/16 103 Salomon, Green & Ostrow, PC Payment of holdback from first $268,884.10 ($107.62) and second awarded interim fees pursuant to order entered on 11/28/16 (doc no. 783) Salomon, Green & Ostrow, PC Payment of holdback from first ($179,503.28) 3210-000 and second awarded interim fees pursuant to order entered on 11/28/16 (doc no. 783) Salomon, Green & Ostrow, PC Payment of holdback from first ($89,380.82) 3210-000 and second awarded interim fees pursuant to order entered on 11/28/16 (doc no. 783) 12/07/16 Rabobank, N.A. Bank and Technology Service 2600-000 ($108.48) $0.86 Fees Reversal
Page Subtotals: $0.00 $549,493.50 Page: 39
01-14312-mkv Doc 1118-3 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 MagCorp ESTATE CASH Forms RECEIPTS 1 and AND 2 DISBURSEMENTS Pg 49 of 67 RECORD Case No: 01-14312 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Magnesium Corporation of America Bank Name: Rabobank, N.A. Account Number/CD#: XXXXXX1100 Checking Taxpayer ID No: XX-XXX0566 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $143,000,000.00
1 2 3 4 5 6 7
Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 12/30/16 Rabobank, N.A. Bank and Technology Service 2600-001 $0.86 $0.00 Fees 01/12/17 Rabobank, N.A. Bank and Technology Service 2600-000 ($0.86) $0.86 Fees Reversal 02/13/17 Transfer from Acct # xxxxxx0866 Transfer to checking account 9999-000 $20,000.00 $20,000.86
02/13/17 104 International Sureties, Ltd. Bond #016063968 Case 01- 2300-000 $20,000.00 $0.86 14312 (MKV) 4/17/17 - 4/14/18 05/19/17 Transfer from Acct # xxxxxx0866 Transfer to Checking Account 9999-000 $647,803.22 $647,804.08
05/19/17 BUCHWALD, LEE E. Interim allowances pursuant to $647,804.08 $0.00 Order entered on 5/12/17 BUCHWALD, LEE E. Trustee interim comp. after ($634,540.23) 2100-000 20% holdback BUCHWALD, LEE E. Trustee expenses ($13,263.85) 2200-000
COLUMN TOTALS $3,010,379.65 $3,010,379.65 Less: Bank Transfers/CD's $3,010,379.65 $0.00 Subtotal $0.00 $3,010,379.65 Less: Payments to Debtors $0.00 $0.00 Net $0.00 $3,010,379.65
Page Subtotals: $667,803.22 $667,804.08 Page: 40
01-14312-mkv Doc 1118-3 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 MagCorp ESTATE CASH Forms RECEIPTS 1 and AND 2 DISBURSEMENTS Pg 50 of 67 RECORD Case No: 01-14312 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Magnesium Corporation of America Bank Name: Rabobank, N.A. Account Number/CD#: XXXXXX0866 Money Market Taxpayer ID No: XX-XXX0566 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $143,000,000.00
1 2 3 4 5 6 7
Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 09/15/16 Transfer from Acct # xxxxxx1379 Transfer of Funds 9999-000 $26,829,952.47 $26,829,952.47
09/30/16 INT Rabobank, N.A. INTEREST Posting 1270-000 $3,528.33 $26,833,480.80
10/31/16 INT Rabobank, N.A. INTEREST Posting 1270-000 $6,837.04 $26,840,317.84
11/28/16 Transfer to Acct # xxxxxx1100 Transfer to checking account 9999-000 $2,044,770.13 $24,795,547.71
11/29/16 Transfer to Acct # xxxxxx1100 to pay interim allowances to 9999-000 $286,081.00 $24,509,466.71 former attorneys and special appellate counsel 11/30/16 INT Rabobank, N.A. INTEREST Posting 1270-000 $6,562.96 $24,516,029.67
11/30/16 Transfer to Acct # xxxxxx1100 to pay invoice for publication of 9999-000 $11,725.30 $24,504,304.37 bar date notice 12/31/16 INT Rabobank, N.A. INTEREST Posting 1270-000 $6,243.58 $24,510,547.95
01/31/17 INT Rabobank, N.A. INTEREST Posting 1270-000 $6,245.17 $24,516,793.12
02/13/17 Transfer to Acct # xxxxxx1100 Transfer to checking account 9999-000 $20,000.00 $24,496,793.12
02/28/17 INT Rabobank, N.A. INTEREST Posting 1270-000 $5,639.61 $24,502,432.73
03/31/17 INT Rabobank, N.A. INTEREST Posting 1270-000 $8,458.40 $24,510,891.13
04/30/17 INT Rabobank, N.A. INTEREST Posting 1270-000 $12,087.59 $24,522,978.72
05/19/17 Transfer to Acct # xxxxxx1100 Transfer to Checking Account 9999-000 $647,803.22 $23,875,175.50
05/31/17 INT Rabobank, N.A. INTEREST Posting 1270-000 $12,358.24 $23,887,533.74
06/30/17 INT Rabobank, N.A. INTEREST Posting 1270-000 $11,780.19 $23,899,313.93
07/31/17 INT Rabobank, N.A. INTEREST Posting 1270-000 $14,470.57 $23,913,784.50
Page Subtotals: $26,924,164.15 $3,010,379.65 Page: 41
01-14312-mkv Doc 1118-3 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 MagCorp ESTATE CASH Forms RECEIPTS 1 and AND 2 DISBURSEMENTS Pg 51 of 67 RECORD Case No: 01-14312 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Magnesium Corporation of America Bank Name: Rabobank, N.A. Account Number/CD#: XXXXXX0866 Money Market Taxpayer ID No: XX-XXX0566 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $143,000,000.00
1 2 3 4 5 6 7
Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 08/10/17 INT Rabobank, N.A. Interest 1270-000 $2,782.79 $23,916,567.29
08/31/17 INT Rabobank, N.A. INTEREST Posting 1270-000 $17,265.23 $23,933,832.52
09/30/17 INT Rabobank, N.A. INTEREST Posting 1270-000 $16,720.92 $23,950,553.44
10/27/17 124 The Renco Group. Inc, et al Proceeds from Renco Group 1241-000 $54,210,518.00 $78,161,071.44 Litigation 10/27/17 124 The Renco Group, Inc, et al Proceeds from Renco Group 1241-000 $22,542,987.53 $100,704,058.97 Litigation 10/30/17 124 The Renco Group, Inc, et al Proceeds from Renco Group 1241-000 $12,941,614.16 $113,645,673.13 Litigation 10/30/17 124 The Renco Group, Inc, et al Proceeds from Renco Group 1241-000 $25,000,000.00 $138,645,673.13 Litigation 10/30/17 124 The Renco Group, Inc, et al Proceeds from Renco Group 1241-000 $25,000,000.00 $163,645,673.13 Litigation 10/30/17 124 The Renco Group, Inc, et al Proceeds from Renco Group 1241-000 $25,000,000.00 $188,645,673.13 Litigation 10/30/17 124 The Renco Group, Inc, et al Proceeds from Renco Group 1241-000 $25,000,000.00 $213,645,673.13 Litigation 10/30/17 124 The Renco Group, Inc, et al Proceeds from Renco Group 1241-000 $25,000,000.00 $238,645,673.13 Litigation 10/31/17 124 The Renco Group, Inc, et al Proceeds from Renco Group 1241-000 $2,828.76 $238,648,501.89 Litigation 10/31/17 INT Rabobank, N.A. INTEREST Posting 1270-000 $31,471.96 $238,679,973.85
10/31/17 International Sureties, LTD Surety Bond 2300-000 $175,390.00 $238,504,583.85
11/09/17 Transfer to Acct # xxxxxx9044 Transfer of Funds 9999-000 $188,000,682.48 $50,503,901.37
11/17/17 AEM SPV, LLC Payment of litigation proceeds 2990-000 $50,503,901.37 $0.00 to affiliate of Burford Capitial LLC
COLUMN TOTALS $241,690,353.50 $241,690,353.50
Page Subtotals: $214,766,189.35 $238,679,973.85 Page: 42
01-14312-mkv Doc 1118-3 Filed 12/04/18 EnteredLess: Bank 12/04/18 Transfers/CD's 15:01:21 $26,829,952.47 MagCorp $191,011,062.13 Forms 1 and 2 Pg 52 of 67 Subtotal $214,860,401.03 $50,679,291.37 Less: Payments to Debtors $0.00 $0.00 Net $214,860,401.03 $50,679,291.37
Page Subtotals: $0.00 $0.00 Page: 43
01-14312-mkv Doc 1118-3 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 MagCorp ESTATE CASH Forms RECEIPTS 1 and AND 2 DISBURSEMENTS Pg 53 of 67 RECORD Case No: 01-14312 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Magnesium Corporation of America Bank Name: East West Bank Account Number/CD#: XXXXXX9044 Money Market Taxpayer ID No: XX-XXX0566 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $143,000,000.00
1 2 3 4 5 6 7
Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 11/09/17 Transfer from Acct # xxxxxx0866 Transfer of Funds 9999-000 $188,000,682.48 $188,000,682.48
11/13/17 Transfer to Acct # xxxxxx9086 Transfer of Funds 9999-000 $10,000,000.00 $178,000,682.48
11/16/17 INT East West Bank Rabobank - Interim interest 1270-000 $26,268.62 $178,026,951.10 Rabobank sent a cashier check to Lee Buchwald for the interim interest earned. Deposited the interest in the East West Bank account. 11/22/17 Transfer to Acct # xxxxxx9086 Transfer of Funds 9999-000 $4,739,366.48 $173,287,584.62
11/30/17 INT East West Bank Interest 1270-000 $159,837.60 $173,447,422.22
12/29/17 INT East West Bank Interest 1270-000 $201,769.37 $173,649,191.59
01/29/18 Norton Rose Fulbright US, LLP Final allowances pursuant to $194,617.17 $173,454,574.42 order entered on 1/26/18 Norton Rose Fulbright US, LLP Final allowances pursuant to ($169,053.54) 6210-000 order entered on 1/26/18 Norton Rose Fulbright US, LLP Final allowances pursuant to ($25,563.63) 6220-000 order entered on 1/26/18 01/29/18 Transfer to Acct # xxxxxx9086 Transfer of Funds 9999-000 $194,617.17 $173,259,957.25
01/31/18 Transfer from Acct # xxxxxx9086 Transfer of Funds 9999-000 $2,618.16 $173,262,575.41
01/31/18 Transfer from Acct # xxxxxx9086 Transfer of Funds 9999-000 $194,617.17 $173,457,192.58
01/31/18 INT East West Bank Interest 1270-000 $215,284.48 $173,672,477.06
01/31/18 Transfer to Acct # xxxxxx9086 Transfer of Funds 9999-000 $42,656.42 $173,629,820.64
02/01/18 Beus Gilbert PLLC Final allowances pursuant to 3210-000 $88,026,158.86 $85,603,661.78 order entered on 1/31/18 02/07/18 Transfer from Acct # xxxxxx9086 Transfer of Funds 9999-000 $2,618.16 $85,606,279.94
Page Subtotals: $188,803,696.04 $103,197,416.10 Page: 44
01-14312-mkv Doc 1118-3 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 MagCorp ESTATE CASH Forms RECEIPTS 1 and AND 2 DISBURSEMENTS Pg 54 of 67 RECORD Case No: 01-14312 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Magnesium Corporation of America Bank Name: East West Bank Account Number/CD#: XXXXXX9044 Money Market Taxpayer ID No: XX-XXX0566 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $143,000,000.00
1 2 3 4 5 6 7
Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 02/07/18 Transfer from Acct # xxxxxx9086 Transfer of Funds 9999-000 $2,618.16 $85,608,898.10
02/07/18 Transfer from Acct # xxxxxx9086 Transfer of Funds 9999-000 $194,617.17 $85,803,515.27
02/07/18 Transfer from Acct # xxxxxx9086 Transfer of Funds 9999-000 $194,617.17 $85,998,132.44
02/07/18 Transfer from Acct # xxxxxx9086 Transfer of Funds 9999-000 $194,617.17 $86,192,749.61
02/07/18 Transfer from Acct # xxxxxx9086 Transfer of Funds 9999-000 $194,617.17 $86,387,366.78
02/07/18 Transfer to Acct # xxxxxx9086 Transfer of Funds 9999-000 $42,656.42 $86,344,710.36
02/07/18 Transfer to Acct # xxxxxx9086 Transfer of Funds 9999-000 $42,656.42 $86,302,053.94
02/07/18 Transfer to Acct # xxxxxx9086 Transfer of Funds 9999-000 $192,617.17 $86,109,436.77
02/07/18 Transfer to Acct # xxxxxx9086 Transfer of Funds 9999-000 $192,617.17 $85,916,819.60
02/07/18 Transfer to Acct # xxxxxx9086 Transfer of Funds 9999-000 $194,617.17 $85,722,202.43
02/07/18 Transfer to Acct # xxxxxx9086 Transfer of Funds 9999-000 $194,617.17 $85,527,585.26
02/16/18 124 Renco Group, Inc. Interest 1241-000 $55,989.06 $85,583,574.32 Payment of purported accrued interest pursuant to order entered 2/1/18 (Doc 977) 02/28/18 INT East West Bank Interest 1270-000 $104,840.17 $85,688,414.49
03/30/18 INT East West Bank Interest 1270-000 $117,897.97 $85,806,312.46
04/05/18 Transfer from Acct # xxxxxx9086 Transfer of Funds 9999-000 $80,909.96 $85,887,222.42
04/05/18 Transfer from Acct # xxxxxx9086 Transfer of Funds 9999-000 $80,909.96 $85,968,132.38
04/09/18 Transfer to Acct # xxxxxx9086 Transfer of Funds 9999-000 $80,909.96 $85,887,222.42
Page Subtotals: $1,221,633.96 $940,691.48 Page: 45
01-14312-mkv Doc 1118-3 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 MagCorp ESTATE CASH Forms RECEIPTS 1 and AND 2 DISBURSEMENTS Pg 55 of 67 RECORD Case No: 01-14312 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Magnesium Corporation of America Bank Name: East West Bank Account Number/CD#: XXXXXX9044 Money Market Taxpayer ID No: XX-XXX0566 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $143,000,000.00
1 2 3 4 5 6 7
Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 04/24/18 International Sureties, Ltd. Reduction of Arch bond 2300-000 ($26,597.00) $85,913,819.42 #SU1142033 from $85M to $43M 04/24/18 Roux Associates, Inc. Interim allowances pursuant to $235,791.72 $85,678,027.70 Order entered on 4/23/18 Roux Associates, Inc. Interim allowances pursuant to ($213,213.92) 3731-000 Order entered on 4/23/18 Roux Associates, Inc. Interim allowances pursuant to ($22,577.80) 3732-000 Order entered on 4/23/18 04/30/18 INT East West Bank Interest 1270-000 $120,647.87 $85,798,675.57
05/01/18 Transfer from Acct # xxxxxx9086 Transfer of Funds 9999-000 $1,602.44 $85,800,278.01
05/01/18 Transfer from Acct # xxxxxx9086 Transfer of Funds 9999-000 $1,602.44 $85,801,880.45
05/01/18 Mazars USA LLP (f/k/a Weiser LLP) Final allowance of fees 3410-000 $59,250.64 $85,742,629.81
05/03/18 Transfer to Acct # xxxxxx9086 Transfer of Funds-correction. 9999-000 $1,602.44 $85,741,027.37
05/29/18 International Sureties, Ltd. Refund from cancellation of 2300-000 ($29,632.00) $85,770,659.37 Liberty bond #016214053 05/31/18 INT East West Bank Interest 1270-000 $137,636.52 $85,908,295.89
06/01/18 Transfer from Acct # xxxxxx9086 Transfer of Funds 9999-000 $1,656.31 $85,909,952.20
06/18/18 Capsicum Group, LLC Retainer per order entered 3991-000 $5,000.00 $85,904,952.20 6/18/18 06/29/18 INT East West Bank Interest 1270-000 $133,451.21 $86,038,403.41
07/02/18 Transfer from Acct # xxxxxx9086 Transfer of Funds 9999-000 $3,287.67 $86,041,691.08
07/05/18 Capsicum Group, LLC Invoice 18128 3991-000 $20,100.00 $86,021,591.08
07/31/18 INT East West Bank Interest 1270-000 $153,122.62 $86,174,713.70
Page Subtotals: $553,007.08 $265,515.80 Page: 46
01-14312-mkv Doc 1118-3 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 MagCorp ESTATE CASH Forms RECEIPTS 1 and AND 2 DISBURSEMENTS Pg 56 of 67 RECORD Case No: 01-14312 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Magnesium Corporation of America Bank Name: East West Bank Account Number/CD#: XXXXXX9044 Money Market Taxpayer ID No: XX-XXX0566 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $143,000,000.00
1 2 3 4 5 6 7
Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 08/01/18 Transfer from Acct # xxxxxx9086 Transfer of Funds 9999-000 $3,397.05 $86,178,110.75
08/07/18 Capsicum Group, LLC Wire returned by Bank of 3991-000 ($2,362.50) $86,180,473.25 America Wired funds using wrong account number. Bank of America returned the wire, with a $45 fee. Wire refund amount: $2,317.50, Fee $45. 08/07/18 Capsicum Group, LLC Invoice 18173 3991-000 $2,362.50 $86,178,110.75
08/07/18 Capsicum Group, LLC Wire out - error 3991-000 $2,362.50 $86,175,748.25 Wired funds using wrong account number. Bank of America returned the wire, with a $45 fee. Wire refund amount: $2,317.50, Fee $45 08/07/18 Bank of America Wire fee 2600-000 $45.00 $86,175,703.25
08/24/18 Stevens & Lee, P.C. Interim allowances pursuant to $1,014,965.54 $85,160,737.71 Order entered on 8/24/18 Stevens & Lee, P.C. Interim allowances pursuant to ($999,344.40) 3210-000 Order entered on 8/24/18 Stevens & Lee, P.C. Interim allowances pursuant to ($15,621.14) 3220-000 Order entered on 8/24/18 08/31/18 INT East West Bank Interest 1270-000 $153,962.98 $85,314,700.69
09/04/18 Transfer from Acct # xxxxxx9086 Transfer of Funds 9999-000 $3,397.06 $85,318,097.75
09/05/18 Capsicum Group, LLC Invoice 18221 3991-000 $6,195.00 $85,311,902.75
09/28/18 INT East West Bank Interest 1270-000 $148,653.94 $85,460,556.69
10/01/18 Transfer from Acct # xxxxxx9086 Transfer of Funds 9999-000 $3,287.78 $85,463,844.47
Page Subtotals: $312,698.81 $1,023,568.04 Page: 47
01-14312-mkv Doc 1118-3 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 MagCorp ESTATE CASH Forms RECEIPTS 1 and AND 2 DISBURSEMENTS Pg 57 of 67 RECORD Case No: 01-14312 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Magnesium Corporation of America Bank Name: East West Bank Account Number/CD#: XXXXXX9044 Money Market Taxpayer ID No: XX-XXX0566 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $143,000,000.00
1 2 3 4 5 6 7
Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 10/03/18 Lee E. Buchwald Interim allowance of 2100-000 $750,000.00 $84,713,844.47 commissions per order entered 8/29/18 10/03/18 Lee E. Buchwald Interim allowance of expenses 2200-000 $3,690.74 $84,710,153.73 per order entered 8/29/18 10/05/18 Capsicum Group, LLC Invoice 18274 3991-000 $6,844.35 $84,703,309.38
10/15/18 International Sureties, Ltd. Surety bond renewal 2300-000 $102,300.00 $84,601,009.38
10/31/18 INT East West Bank Interest 1270-000 $171,203.45 $84,772,212.83
11/02/18 Transfer from Acct # xxxxxx9086 Transfer of Funds 9999-000 $3,397.26 $84,775,610.09
11/07/18 Capsicum Group, LLC Invoice 18355 3991-000 $1,815.00 $84,773,795.09
11/29/18 Chapman & Cutler, LLP Final allowance of fees per 3991-000 $59,128.63 $84,714,666.46 order entered 11/29/18 11/30/18 INT East West Bank Interest 1270-000 $165,824.31 $84,880,490.77
COLUMN TOTALS $191,231,460.91 $106,350,970.14 Less: Bank Transfers/CD's $189,165,070.74 $15,918,933.99 Subtotal $2,066,390.17 $90,432,036.15 Less: Payments to Debtors $0.00 $0.00 Net $2,066,390.17 $90,432,036.15
Page Subtotals: $340,425.02 $923,778.72 Page: 48
01-14312-mkv Doc 1118-3 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 MagCorp ESTATE CASH Forms RECEIPTS 1 and AND 2 DISBURSEMENTS Pg 58 of 67 RECORD Case No: 01-14312 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Magnesium Corporation of America Bank Name: East West Bank Account Number/CD#: XXXXXX9086 EPIQ ACCOUNT Taxpayer ID No: XX-XXX0566 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $143,000,000.00
1 2 3 4 5 6 7
Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 11/13/17 Transfer from Acct # xxxxxx9044 Transfer of Funds 9999-000 $10,000,000.00 $10,000,000.00
11/22/17 Transfer from Acct # xxxxxx9044 Transfer of Funds 9999-000 $4,739,366.48 $14,739,366.48
11/22/17 Stevens & Lee, P.C. Interim allowances pursuant to $837,322.39 $13,902,044.09 order entered on 11/22/17 Stevens & Lee, P.C. Interim allowances of fees ($815,160.40) 3210-000 pursuant to order entered on 11/22/17 Stevens & Lee, P.C. Interim allowances of expenses ($22,161.99) 3220-000 pursuant to order entered on 11/22/17 11/22/17 Kellogg, Hansen, Todd, Figel & Frderick Final allowances pursuant to $1,595,495.96 $12,306,548.13 P.L.C.C. order entered on 11/22/17
Kellogg, Hansen, Todd, Figel & Frderick Final allowances of fees ($1,581,879.50) 3210-000 P.L.C.C. pursuant to order entered on 11/22/17 Kellogg, Hansen, Todd, Figel & Frderick Final allowances of expenses ($13,616.46) 3220-000 P.L.C.C. pursuant to order entered on 11/22/17 11/22/17 Beus Gilbert PLLC Final allowance of expenses 3220-000 $2,162,250.50 $10,144,297.63 pursuant to order entered on 11/22/17 11/22/17 Roux Associates, Inc. Interim allowances pursuant to $144,297.63 $10,000,000.00 order entered on 11/22/17 Roux Associates, Inc. Interim allowance of fees ($132,490.40) 3731-000 pursuant to order entered on 11/22/17 Roux Associates, Inc. Interim allowance of expenses ($11,807.23) 3732-000 pursuant to order entered on 11/22/17 11/30/17 INT East West Bank Interest 1270-000 $961.69 $10,000,961.69
12/29/17 INT East West Bank Interest 1270-000 $1,656.47 $10,002,618.16
Page Subtotals: $14,741,984.64 $4,739,366.48 Page: 49
01-14312-mkv Doc 1118-3 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 MagCorp ESTATE CASH Forms RECEIPTS 1 and AND 2 DISBURSEMENTS Pg 59 of 67 RECORD Case No: 01-14312 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Magnesium Corporation of America Bank Name: East West Bank Account Number/CD#: XXXXXX9086 EPIQ ACCOUNT Taxpayer ID No: XX-XXX0566 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $143,000,000.00
1 2 3 4 5 6 7
Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 01/29/18 Transfer from Acct # xxxxxx9044 Transfer of Funds 9999-000 $194,617.17 $10,197,235.33
01/31/18 Transfer from Acct # xxxxxx9044 Transfer of Funds 9999-000 $42,656.42 $10,239,891.75
01/31/18 INT East West Bank Interest 1270-000 $1,658.81 $10,241,550.56
01/31/18 Willkie Farr & Gallagher LLP Final allowances pursuant to $42,656.42 $10,198,894.14 order entered on 1/31/18 Willkie Farr & Gallagher LLP Final allowance of fees ($42,182.42) 6700-000 pursuant to order entered on 1/31/18 Willkie Farr & Gallagher LLP Final allowance of expenses ($474.00) 6710-000 pursuant to order entered on 1/31/18 01/31/18 Transfer to Acct # xxxxxx9044 Transfer of Funds 9999-000 $2,618.16 $10,196,275.98
01/31/18 Transfer to Acct # xxxxxx9044 Transfer of Funds 9999-000 $194,617.17 $10,001,658.81
02/07/18 Transfer from Acct # xxxxxx9044 Transfer of Funds 9999-000 $42,656.42 $10,044,315.23
02/07/18 Transfer from Acct # xxxxxx9044 Transfer of Funds 9999-000 $42,656.42 $10,086,971.65
02/07/18 Transfer from Acct # xxxxxx9044 Transfer of Funds 9999-000 $192,617.17 $10,279,588.82
02/07/18 Transfer from Acct # xxxxxx9044 Transfer of Funds 9999-000 $192,617.17 $10,472,205.99
02/07/18 Transfer from Acct # xxxxxx9044 Transfer of Funds 9999-000 $194,617.17 $10,666,823.16
02/07/18 Transfer from Acct # xxxxxx9044 Transfer of Funds 9999-000 $194,617.17 $10,861,440.33
02/07/18 Transfer to Acct # xxxxxx9044 Transfer of Funds 9999-000 $2,618.16 $10,858,822.17
02/07/18 Transfer to Acct # xxxxxx9044 Transfer of Funds 9999-000 $2,618.16 $10,856,204.01
02/07/18 Transfer to Acct # xxxxxx9044 Transfer of Funds 9999-000 $194,617.17 $10,661,586.84
Page Subtotals: $1,098,713.92 $439,745.24 Page: 50
01-14312-mkv Doc 1118-3 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 MagCorp ESTATE CASH Forms RECEIPTS 1 and AND 2 DISBURSEMENTS Pg 60 of 67 RECORD Case No: 01-14312 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Magnesium Corporation of America Bank Name: East West Bank Account Number/CD#: XXXXXX9086 EPIQ ACCOUNT Taxpayer ID No: XX-XXX0566 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $143,000,000.00
1 2 3 4 5 6 7
Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 02/07/18 Transfer to Acct # xxxxxx9044 Transfer of Funds 9999-000 $194,617.17 $10,466,969.67
02/07/18 Transfer to Acct # xxxxxx9044 Transfer of Funds 9999-000 $194,617.17 $10,272,352.50
02/07/18 Transfer to Acct # xxxxxx9044 Transfer of Funds 9999-000 $194,617.17 $10,077,735.33
02/28/18 INT East West Bank Interest 1270-000 $1,505.20 $10,079,240.53
03/30/18 INT East West Bank Interest 1270-000 $1,669.43 $10,080,909.96
04/05/18 Transfer to Acct # xxxxxx9044 Transfer of Funds 9999-000 $80,909.96 $10,000,000.00
04/05/18 Transfer to Acct # xxxxxx9044 Transfer of Funds 9999-000 $80,909.96 $9,919,090.04
04/09/18 Transfer from Acct # xxxxxx9044 Transfer of Funds 9999-000 $80,909.96 $10,000,000.00
04/30/18 INT East West Bank Interest 1270-000 $1,602.44 $10,001,602.44
05/01/18 Transfer to Acct # xxxxxx9044 Transfer of Funds 9999-000 $1,602.44 $10,000,000.00
05/01/18 Transfer to Acct # xxxxxx9044 Transfer of Funds 9999-000 $1,602.44 $9,998,397.56
05/03/18 Transfer from Acct # xxxxxx9044 Transfer of Funds-correction. 9999-000 $1,602.44 $10,000,000.00
05/31/18 INT East West Bank Interest 1270-000 $1,656.31 $10,001,656.31
06/01/18 Transfer to Acct # xxxxxx9044 Transfer of Funds 9999-000 $1,656.31 $10,000,000.00
06/29/18 INT East West Bank Interest 1270-000 $3,287.67 $10,003,287.67
07/02/18 Transfer to Acct # xxxxxx9044 Transfer of Funds 9999-000 $3,287.67 $10,000,000.00
07/13/18 East West Bank Bank Fee 2600-000 $1,181.68 $9,998,818.32
Page Subtotals: $92,233.45 $755,001.97 Page: 51
01-14312-mkv Doc 1118-3 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 MagCorp ESTATE CASH Forms RECEIPTS 1 and AND 2 DISBURSEMENTS Pg 61 of 67 RECORD Case No: 01-14312 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Magnesium Corporation of America Bank Name: East West Bank Account Number/CD#: XXXXXX9086 EPIQ ACCOUNT Taxpayer ID No: XX-XXX0566 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $143,000,000.00
1 2 3 4 5 6 7
Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 07/31/18 INT East West Bank Interest 1270-000 $3,397.05 $10,002,215.37
08/01/18 Transfer to Acct # xxxxxx9044 Transfer of Funds 9999-000 $3,397.05 $9,998,818.32
08/02/18 East West Bank Bank Fee refund 2600-000 ($1,181.68) $10,000,000.00
08/13/18 East West Bank Fee charged in error 2600-000 $1,197.47 $9,998,802.53 Fee reversed by bank on 8/27/18 08/27/18 East West Bank Reversal of fee charged on 2600-000 ($1,197.47) $10,000,000.00 8/13/18 08/31/18 INT East West Bank Interest 1270-000 $3,397.06 $10,003,397.06
09/04/18 Transfer to Acct # xxxxxx9044 Transfer of Funds 9999-000 $3,397.06 $10,000,000.00
09/28/18 INT East West Bank Interest 1270-000 $3,287.78 $10,003,287.78
10/01/18 Transfer to Acct # xxxxxx9044 Transfer of Funds 9999-000 $3,287.78 $10,000,000.00
10/31/18 INT East West Bank Interest 1270-000 $3,397.26 $10,003,397.26
11/02/18 Transfer to Acct # xxxxxx9044 Transfer of Funds 9999-000 $3,397.26 $10,000,000.00
11/30/18 INT East West Bank Interest 1270-000 $3,287.71 $10,003,287.71
COLUMN TOTALS $15,949,698.87 $5,946,411.16 Less: Bank Transfers/CD's $15,918,933.99 $1,164,388.26 Subtotal $30,764.88 $4,782,022.90 Less: Payments to Debtors $0.00 $0.00 Net $30,764.88 $4,782,022.90
Page Subtotals: $16,766.86 $12,297.47 Page: 52
01-14312-mkv Doc 1118-3 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 MagCorp ESTATE CASH Forms RECEIPTS 1 and AND 2 DISBURSEMENTS Pg 62 of 67 RECORD Case No: 01-14312 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Magnesium Corporation of America Bank Name: EmpireNationalBank Account Number/CD#: XXXXXX1379 Checking Account Taxpayer ID No: XX-XXX0566 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $143,000,000.00
1 2 3 4 5 6 7
Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 06/14/12 Transfer from Acct# XXXXXX1850 Transfer of Funds 9999-000 $571,015.70 $571,015.70
10/15/12 123 WPX Energy Marketing, Inc. [fka Williams Preference Settlement with 1241-000 $125,000.00 $696,015.70 Energy] WPX Energy Marketing PO Box 21358 Tulsa, OK 74121-1358 10/22/12 2001 Arthur B. Levine Company Bond #8696814 increase to 2300-000 $91.00 $695,924.70 60 East 42nd Street $835,000, 10/16/12- 4/13/13 Suite 965 New York, NY 10165 01/02/13 Empire Bank Bank Service Fee 2600-000 $341.88 $695,582.82
02/01/13 Empire National Bank Bank Service Charge 2600-000 $341.61 $695,241.21
02/04/13 2002 Arthur B. Levine Company Bond No. 8696814 for 4/14/13 - 2300-000 $1,310.00 $693,931.21 60 East 42nd St. 4/13/14 Suite 965 New York, NY 10165 03/01/13 Empire Bank COLLATERAL FEE 2600-000 $341.61 $693,589.60
04/01/13 Empire National Bank COLLATERAL FEE 2600-000 $340.09 $693,249.51
05/01/13 Empire National Bank COLLATERAL FEE 2600-000 $339.82 $692,909.69
06/03/13 Empire National Bank COLLATERAL FEE 2600-000 $339.56 $692,570.13
07/01/13 Empire National Bank COLLATERAL FEE 2600-000 $339.30 $692,230.83
08/01/13 Empire National Bank COLLATERAL FEE 2600-000 $339.04 $691,891.79
09/03/13 Empire National Bank COLLATERAL FEE 2600-000 $338.78 $691,553.01
10/01/13 Empire National Bank COLLATERAL FEE 2600-000 $338.52 $691,214.49
11/01/13 Empire National Bank COLLATERAL FEE 2600-000 $338.26 $690,876.23
Page Subtotals: $696,015.70 $5,139.47 Page: 53
01-14312-mkv Doc 1118-3 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 MagCorp ESTATE CASH Forms RECEIPTS 1 and AND 2 DISBURSEMENTS Pg 63 of 67 RECORD Case No: 01-14312 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Magnesium Corporation of America Bank Name: EmpireNationalBank Account Number/CD#: XXXXXX1379 Checking Account Taxpayer ID No: XX-XXX0566 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $143,000,000.00
1 2 3 4 5 6 7
Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 12/02/13 Empire National Bank COLLATERAL FEE 2600-000 $338.01 $690,538.22
01/02/14 Empire National Bank COLLATERAL FEE 2600-000 $337.75 $690,200.47
02/03/14 Empire National Bank COLLATERAL FEE 2600-000 $337.49 $689,862.98
03/03/14 Empire National Bank COLLATERAL FEE 2600-000 $337.23 $689,525.75
03/11/14 2003 Arthur B. Levine Company Bond Number: 8696814 for 2300-000 $1,515.00 $688,010.75 60 East 42nd Street 4/14/14 - 4/14/15 Suite 965 Magnesium Corp. of America New York, NY 10165 Case# 01 B 14312 (REG) 04/01/14 Empire National Bank COLLATERAL FEE 2600-000 $336.97 $687,673.78
05/01/14 Empire National Bank COLLATERAL FEE 2600-000 $335.55 $687,338.23
06/02/14 Empire National Bank COLLATERAL FEE 2600-000 $335.29 $687,002.94
07/01/14 Empire National Bank COLLATERAL FEE 2600-000 $335.04 $686,667.90
08/01/14 Empire National Bank COLLATERAL FEE 2600-000 $572.22 $686,095.68
09/02/14 Empire National Bank COLLATERAL FEE 2600-000 $571.75 $685,523.93
10/01/14 Empire National Bank COLLATERAL FEE 2600-000 $571.27 $684,952.66
11/03/14 Empire National Bank COLLATERAL FEE 2600-000 $570.79 $684,381.87
12/01/14 Empire National Bank COLLATERAL FEE 2600-000 $570.32 $683,811.55
01/02/15 Empire National Bank COLLATERAL FEE 2600-000 $569.84 $683,241.71
02/02/15 Empire National Bank COLLATERAL FEE 2600-000 $996.42 $682,245.29
03/02/15 Empire National Bank COLLATERAL FEE 2600-000 $994.99 $681,250.30
Page Subtotals: $0.00 $9,625.93 Page: 54
01-14312-mkv Doc 1118-3 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 MagCorp ESTATE CASH Forms RECEIPTS 1 and AND 2 DISBURSEMENTS Pg 64 of 67 RECORD Case No: 01-14312 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Magnesium Corporation of America Bank Name: EmpireNationalBank Account Number/CD#: XXXXXX1379 Checking Account Taxpayer ID No: XX-XXX0566 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $143,000,000.00
1 2 3 4 5 6 7
Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 03/11/15 2004 International Sureties, Ltd. Bond# 016063968 2300-000 $1,040.00 $680,210.30 701 Poydras Street Suite 420 New Orleans, LA 70139 04/01/15 Empire National Bank COLLATERAL FEE 2600-000 $992.80 $679,217.50
05/01/15 EmpireNationalBank Bank Service Fee under 11 2600-000 $990.53 $678,226.97 U.S.C. 330(a)(1)(B), 503(b) (1), and 507(a)(2) 06/01/15 EmpireNationalBank Bank Service Fee under 11 2600-000 $989.08 $677,237.89 U.S.C. 330(a)(1)(B), 503(b) (1), and 507(a)(2) 07/01/15 EmpireNationalBank Bank Service Fee under 11 2600-000 $987.64 $676,250.25 U.S.C. 330(a)(1)(B), 503(b) (1), and 507(a)(2) 08/03/15 EmpireNationalBank Bank Service Fee under 11 2600-000 $986.20 $675,264.05 U.S.C. 330(a)(1)(B), 503(b) (1), and 507(a)(2) 09/01/15 EmpireNationalBank Bank Service Fee under 11 2600-000 $984.85 $674,279.20 U.S.C. 330(a)(1)(B), 503(b) (1), and 507(a)(2) 10/01/15 EmpireNationalBank Bank Service Fee under 11 2600-000 $983.32 $673,295.88 U.S.C. 330(a)(1)(B), 503(b) (1), and 507(a)(2) 11/02/15 EmpireNationalBank Bank Service Fee under 11 2600-000 $981.89 $672,313.99 U.S.C. 330(a)(1)(B), 503(b) (1), and 507(a)(2) 12/01/15 EmpireNationalBank Bank Service Fee under 11 2600-000 $980.51 $671,333.48 U.S.C. 330(a)(1)(B), 503(b) (1), and 507(a)(2) 01/04/16 EmpireNationalBank Bank Service Fee under 11 2600-000 $979.03 $670,354.45 U.S.C. 330(a)(1)(B), 503(b) (1), and 507(a)(2) 02/01/16 EmpireNationalBank Bank Service Fee under 11 2600-000 $977.74 $669,376.71 U.S.C. 330(a)(1)(B), 503(b) (1), and 507(a)(2)
Page Subtotals: $0.00 $11,873.59 Page: 55
01-14312-mkv Doc 1118-3 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 MagCorp ESTATE CASH Forms RECEIPTS 1 and AND 2 DISBURSEMENTS Pg 65 of 67 RECORD Case No: 01-14312 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Magnesium Corporation of America Bank Name: EmpireNationalBank Account Number/CD#: XXXXXX1379 Checking Account Taxpayer ID No: XX-XXX0566 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $143,000,000.00
1 2 3 4 5 6 7
Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 03/01/16 EmpireNationalBank Bank Service Fee under 11 2600-000 $976.17 $668,400.54 U.S.C. 330(a)(1)(B), 503(b) (1), and 507(a)(2) 03/15/16 2005 International Surities, Ltd. Bond #016063968 2300-000 $1,040.00 $667,360.54 701 Poydras Street Suite 420 New Orleans, LA 70139 04/01/16 EmpireNationalBank Bank Service Fee under 11 2600-000 $974.26 $666,386.28 U.S.C. 330(a)(1)(B), 503(b) (1), and 507(a)(2) 05/02/16 EmpireNationalBank Bank Service Fee under 11 2600-000 $971.81 $665,414.47 U.S.C. 330(a)(1)(B), 503(b) (1), and 507(a)(2) 06/01/16 EmpireNationalBank Bank Service Fee under 11 2600-000 $970.44 $664,444.03 U.S.C. 330(a)(1)(B), 503(b) (1), and 507(a)(2) 07/01/16 EmpireNationalBank Bank Service Fee under 11 2600-000 $968.98 $663,475.05 U.S.C. 330(a)(1)(B), 503(b) (1), and 507(a)(2) 07/20/16 2006 DailyDac Notice for sale of litigation 2500-000 $1,050.00 $662,425.05 Jonathan Friedland interest 330 Hastings Avenue Highland Park, IL 60035 07/20/16 2007 Miller Advertising Agency, Inc. Notice for sale of litigation 2500-000 $16,328.13 $646,096.92 71 Fifth Avenue interest New York, NY 10003 08/01/16 EmpireNationalBank Bank Service Fee under 11 2600-000 $962.96 $645,133.96 U.S.C. 330(a)(1)(B), 503(b) (1), and 507(a)(2) 09/01/16 EmpireNationalBank Bank Service Fee under 11 2600-000 $940.82 $644,193.14 U.S.C. 330(a)(1)(B), 503(b) (1), and 507(a)(2)
Page Subtotals: $0.00 $25,183.57 Page: 56
01-14312-mkv Doc 1118-3 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 MagCorp ESTATE CASH Forms RECEIPTS 1 and AND 2 DISBURSEMENTS Pg 66 of 67 RECORD Case No: 01-14312 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Magnesium Corporation of America Bank Name: EmpireNationalBank Account Number/CD#: XXXXXX1379 Checking Account Taxpayer ID No: XX-XXX0566 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $143,000,000.00
1 2 3 4 5 6 7
Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 09/08/16 125 Stevens & Lee Sale of litigation interest to 1290-000 $26,200,000.00 $26,844,193.14 AEM SPV, LLC (Gerchen Keller) Funds received from Stevens and Lee escrow account via wires to Stevens and Lee from AEM SPV, LLC. 09/15/16 Transfer to Acct # xxxxxx0866 Transfer of Funds 9999-000 $26,829,952.47 $14,240.67
09/15/16 2008 International Sureties, Ltd. Bond #016063968 2300-000 $11,324.00 $2,916.67 Increase in bond from $1,040,000.00 to $40,000,000.00, pro-rated from 9/8/16 through 4/14/17 10/03/16 EmpireNationalBank Bank Service Fee under 11 2600-000 $2,916.67 $0.00 U.S.C. 330(a)(1)(B), 503(b) (1), and 507(a)(2)
COLUMN TOTALS $26,896,015.70 $26,896,015.70 Less: Bank Transfers/CD's $571,015.70 $26,829,952.47 Subtotal $26,325,000.00 $66,063.23 Less: Payments to Debtors $0.00 $0.00 Net $26,325,000.00 $66,063.23
Page Subtotals: $26,200,000.00 $26,844,193.14 Page: 57 01-14312-mkv Doc 1118-3 Filed 12/04/18 Entered 12/04/18 15:01:21 MagCorp Forms 1 and 2 Pg 67 of 67
TOTAL OF ALL ACCOUNTS NET ACCOUNT NET DEPOSITS DISBURSEMENTS BALANCE XXXXXX0866 - Money Market $214,860,401.03 $50,679,291.37 $0.00 XXXXXX1100 - Checking $0.00 $3,010,379.65 $0.00 XXXXXX1379 - Checking Account $26,325,000.00 $66,063.23 $0.00 XXXXXX1677 - Pershing $44,074.73 $0.00 $0.00 XXXXXX1850 - Money Market Account $2,764.90 $14,648.88 $0.00 (Interest Earn XXXXXX1868 - Checking Account $0.00 $7,662.82 $0.00 XXXXXX2601 - Checking Account $2,228,092.28 $1,703,839.71 $0.00 XXXXXX4926 - Certificate of Deposit $20,871.58 $0.00 $0.00 XXXXXX9044 - Money Market $2,066,390.17 $90,432,036.15 $84,880,490.77 XXXXXX9086 - EPIQ ACCOUNT $30,764.88 $4,782,022.90 $10,003,287.71 XXXXXX9926 - Certificate of Deposit $1,363.62 $0.00 $0.00 $245,579,723.19 $150,695,944.71 $94,883,778.48
(Excludes account (Excludes payments Total Funds on Hand transfers) to debtors) Total Allocation Receipts: $0.00 Total Net Deposits: $245,579,723.19 Total Gross Receipts: $245,579,723.19
Trustee Signature: /s/ LEE E. BUCHWALD, TRUSTEE Date: 12/04/2018
LEE E. BUCHWALD, TRUSTEE 380 LEXINGTON AVENUE 17th FLOOR NEW YORK NY 10168-1799 (212) 551-1040
Page Subtotals: $0.00 $0.00 Page: 1 01-14312-mkv Doc 1118-4 Filed 12/04/18 Entered 12/04/18 15:01:21 Renco FORM 1 INDIVIDUAL Metals ESTATE Forms PROPERTY 1 and 2 RECORD Pg 1 ofAND 20 REPORT ASSET CASES
Case No: 01-14311 MKV Judge: Mary Kay Vyskocil Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Renco Metals, Inc. Date Filed (f) or Converted (c): 09/25/2003 (c) 341(a) Meeting Date: 05/24/2004 For Period Ending: 11/30/2018 Claims Bar Date:
1 2 3 4 5 6
Asset Description Petition/ Est Net Value Property Formally Sale/Funds Asset Fully (Scheduled and Unscheduled (u) Property) Unscheduled (Value Determined by Abandoned Received by Administered (FA)/ Values Trustee, Less Liens, OA=554(a) the Estate Gross Value of Remaining Exemptions, Assets and Other Costs)
1. Cash received from Chapter 11 Estate (u) 0.00 1,222.33 1,222.33 FA 2. Preference settlement with Snell & Wilmer L.L.P. 0.00 3,000.00 3,000.00 FA 3. Abandoned funds recovered from New York State (u) Unknown 0.00 85.00 0.00 INT. Interest (u) Unknown N/A 266.84 Unknown
Gross Value of Remaining Assets TOTALS (Excluding Unknown Values) $0.00 $4,222.33 $4,574.17 $0.00 (Total Dollar Amount in Column 6)
Major activities affecting case closing which are not reflected above, and matters pending, date of hearing or sale, and other action:
RE PROP # 2 -- (Phoenix, AZ): 04-02686-reg
Initial Projected Date of Final Report (TFR): Current Projected Date of Final Report (TFR):
Trustee Signature: /s/ LEE E. BUCHWALD, TRUSTEE Date: 12/04/2018 LEE E. BUCHWALD, TRUSTEE 380 LEXINGTON AVENUE 17th FLOOR NEW YORK NY 10168-1799 (212) 551-1040 Page: 1
01-14312-mkv Doc 1118-4 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 Renco ESTATE CASHMetals RECEIPTS Forms AND1 and DISBURSEMENTS 2 Pg 2 of 20 RECORD Case No: 01-14311 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Renco Metals, Inc. Bank Name: Hudson Valley Bank Account Number/CD#: XXXXXX4326 Certificate of Deposit Taxpayer ID No: XX-XXX4916 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $0.00
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Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 10/11/06 Transfer from Acct # XXXXXX1801 Bank Funds Transfer 9999-000 $3,159.27 $3,159.27
11/11/06 INT HUDSON VALLEY BANK INTEREST EARNED 1270-000 $6.69 $3,165.96
12/11/06 INT HUDSON VALLEY BANK INTEREST EARNED 1270-000 $6.49 $3,172.45
01/10/07 INT HUDSON VALLEY BANK INTEREST EARNED 1270-000 $6.50 $3,178.95
02/10/07 INT HUDSON VALLEY BANK INTEREST EARNED 1270-000 $6.73 $3,185.68
03/10/07 INT HUDSON VALLEY BANK INTEREST EARNED 1270-000 $6.09 $3,191.77
04/11/07 INT HUDSON VALLEY BANK INTEREST EARNED 1270-000 $6.98 $3,198.75
05/11/07 INT HUDSON VALLEY BANK INTEREST EARNED 1270-000 $6.55 $3,205.30
06/11/07 INT HUDSON VALLEY BANK INTEREST EARNED 1270-000 $6.79 $3,212.09
07/11/07 INT HUDSON VALLEY BANK INTEREST EARNED 1270-000 $6.58 $3,218.67
08/11/07 INT HUDSON VALLEY BANK INTEREST EARNED 1270-000 $6.81 $3,225.48
09/11/07 INT HUDSON VALLEY BANK INTEREST EARNED 1270-000 $6.83 $3,232.31
10/10/07 INT HUDSON VALLEY BANK INTEREST EARNED 1270-000 $6.40 $3,238.71
11/10/07 INT HUDSON VALLEY BANK INTEREST EARNED 1270-000 $6.17 $3,244.88
12/10/07 INT HUDSON VALLEY BANK INTEREST EARNED 1270-000 $5.98 $3,250.86
01/09/08 INT HUDSON VALLEY BANK INTEREST EARNED 1270-000 $5.99 $3,256.85
02/09/08 INT HUDSON VALLEY BANK INTEREST EARNED 1270-000 $5.91 $3,262.76
Page Subtotals: $3,262.76 $0.00 Page: 2
01-14312-mkv Doc 1118-4 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 Renco ESTATE CASHMetals RECEIPTS Forms AND1 and DISBURSEMENTS 2 Pg 3 of 20 RECORD Case No: 01-14311 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Renco Metals, Inc. Bank Name: Hudson Valley Bank Account Number/CD#: XXXXXX4326 Certificate of Deposit Taxpayer ID No: XX-XXX4916 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $0.00
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Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 03/09/08 INT HUDSON VALLEY BANK INTEREST EARNED 1270-000 $5.54 $3,268.30
04/09/08 INT HUDSON VALLEY BANK INTEREST EARNED 1270-000 $5.93 $3,274.23
05/09/08 INT HUDSON VALLEY BANK INTEREST EARNED 1270-000 $2.68 $3,276.91
06/09/08 INT HUDSON VALLEY BANK INTEREST EARNED 1270-000 $2.78 $3,279.69
07/09/08 INT HUDSON VALLEY BANK INTEREST EARNED 1270-000 $2.69 $3,282.38
08/09/08 INT INTEREST EARNED INTEREST EARNED 1270-000 $2.78 $3,285.16
09/09/08 INT HUDSON VALLEY BANK INTEREST EARNED 1270-000 $2.78 $3,287.94
10/08/08 Transfer to Acct # XXXXXX1801 Bank Funds Transfer 9999-000 $3,290.55 ($2.61)
10/09/08 INT HUDSON VALLEY BANK INTEREST EARNED 1270-000 $2.61 $0.00
COLUMN TOTALS $3,290.55 $3,290.55 Less: Bank Transfers/CD's $3,159.27 $3,290.55 Subtotal $131.28 $0.00 Less: Payments to Debtors $0.00 $0.00 Net $131.28 $0.00
Page Subtotals: $27.79 $3,290.55 Page: 3
01-14312-mkv Doc 1118-4 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 Renco ESTATE CASHMetals RECEIPTS Forms AND1 and DISBURSEMENTS 2 Pg 4 of 20 RECORD Case No: 01-14311 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Renco Metals, Inc. Bank Name: Hudson Valley Bank Account Number/CD#: XXXXXX1801 Checking Account Taxpayer ID No: XX-XXX4916 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $0.00
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Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 09/25/03 1 Estate of Renco Metals, Inc. Transfer from Chapter 11 case 1290-000 $1,222.33 $1,222.33
09/30/03 INT Hudson Valley Bank Interest Earned For September 1270-000 $0.35 $1,222.68
10/31/03 INT Hudson Valley Bank Interest Earned For October 1270-000 $0.36 $1,223.04
11/30/03 INT Hudson Valley Bank Interest Earned For November 1270-000 $0.35 $1,223.39
12/02/03 104 Lee E. Buchwald Commission pursuant to order 6101-000 $430.67 $792.72 420 Lexington Ave.Suite 300New York, entered 12/2/03 NY 10170-0399 12/31/03 INT Hudson Valley Bank Interest Earned For December 1270-000 $0.25 $792.97
01/31/04 INT Hudson Valley Bank Interest Earned For January 1270-000 $0.24 $793.21
02/29/04 INT Hudson Valley Bank Interest Earned For February 1270-000 $0.22 $793.43
03/31/04 INT Hudson Valley Bank Interest Earned For March 1270-000 $0.24 $793.67
04/30/04 INT Hudson Valley Bank Interest Earned For April 1270-000 $0.23 $793.90
05/31/04 INT Hudson Valley Bank Interest Earned For May 1270-000 $0.24 $794.14
06/30/04 INT Hudson Valley Bank Interest Earned For June 1270-000 $0.23 $794.37
07/13/04 2 Snell & Wilmer L.L.P. Preference settlement with 1141-000 $3,000.00 $3,794.37 Snell & Wilmer L.L.P. (Phoenix, AZ): 04 -02686-reg 07/31/04 INT Hudson Valley Bank Interest Earned For July 1270-000 $0.78 $3,795.15
08/04/04 105 Lee E. Buchwald Commission pursuant to order 2100-000 $686.57 $3,108.58 420 Lexington Ave.Suite 300New York, entered 8/4/04. NY 10170-0399 08/31/04 INT Hudson Valley Bank Interest Earned For August 1270-000 $0.95 $3,109.53
Page Subtotals: $4,226.77 $1,117.24 Page: 4
01-14312-mkv Doc 1118-4 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 Renco ESTATE CASHMetals RECEIPTS Forms AND1 and DISBURSEMENTS 2 Pg 5 of 20 RECORD Case No: 01-14311 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Renco Metals, Inc. Bank Name: Hudson Valley Bank Account Number/CD#: XXXXXX1801 Checking Account Taxpayer ID No: XX-XXX4916 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $0.00
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Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 09/30/04 INT Hudson Valley Bank Interest Earned For September 1270-000 $0.89 $3,110.42
10/31/04 INT Hudson Valley Bank Interest Earned For October 1270-000 $0.92 $3,111.34
11/30/04 INT Hudson Valley Bank Interest Earned For November 1270-000 $0.89 $3,112.23
12/31/04 INT Hudson Valley Bank Interest Earned For December 1270-000 $1.02 $3,113.25
01/31/05 INT Hudson Valley Bank Interest Earned For January 1270-000 $1.32 $3,114.57
02/28/05 INT Hudson Valley Bank Interest Earned For February 1270-000 $1.19 $3,115.76
03/31/05 INT Hudson Valley Bank Interest Earned For March 1270-000 $1.32 $3,117.08
04/30/05 INT Hudson Valley Bank Interest Earned For April 1270-000 $1.40 $3,118.48
05/31/05 INT Hudson Valley Bank Interest Earned For May 1270-000 $1.72 $3,120.20
06/30/05 INT Hudson Valley Bank Interest Earned For June 1270-000 $1.67 $3,121.87
07/31/05 INT Hudson Valley Bank Interest Earned For July 1270-000 $1.72 $3,123.59
08/31/05 INT Hudson Valley Bank Interest Earned For August 1270-000 $1.72 $3,125.31
09/30/05 INT Hudson Valley Bank Interest Earned For September 1270-000 $1.67 $3,126.98
10/31/05 INT Hudson Valley Bank Interest Earned 1270-000 $1.73 $3,128.71
11/30/05 INT Hudson Valley Bank Interest Earned For November 1270-000 $1.67 $3,130.38
12/31/05 INT Hudson Valley Bank Interest Earned For December 1270-000 $1.76 $3,132.14
01/31/06 INT Hudson Valley Bank Interest Earned For January 1270-000 $2.32 $3,134.46
Page Subtotals: $24.93 $0.00 Page: 5
01-14312-mkv Doc 1118-4 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 Renco ESTATE CASHMetals RECEIPTS Forms AND1 and DISBURSEMENTS 2 Pg 6 of 20 RECORD Case No: 01-14311 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Renco Metals, Inc. Bank Name: Hudson Valley Bank Account Number/CD#: XXXXXX1801 Checking Account Taxpayer ID No: XX-XXX4916 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $0.00
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Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 02/28/06 INT Hudson Valley Bank Interest Earned For February 1270-000 $2.50 $3,136.96
03/31/06 INT Hudson Valley Bank Interest Earned For March 1270-000 $2.77 $3,139.73
04/30/06 INT Hudson Valley Bank Interest Earned For April 1270-000 $2.68 $3,142.41
05/31/06 INT Hudson Valley Bank Interest Earned For May 1270-000 $2.78 $3,145.19
06/30/06 INT Hudson Valley Bank Interest Earned For June 1270-000 $2.69 $3,147.88
07/31/06 INT Hudson Valley Bank Interest Earned For July 1270-000 $3.54 $3,151.42
08/31/06 INT Hudson Valley Bank Interest Earned For August 1270-000 $4.10 $3,155.52
09/30/06 INT Hudson Valley Bank Interest Earned For September 1270-000 $3.75 $3,159.27
10/11/06 Transfer to Acct # XXXXXX4326 Bank Funds Transfer 9999-000 $3,159.27 $0.00
10/31/06 INT Hudson Valley Bank Interest Earned For October 1270-000 $1.21 $1.21
10/08/08 Transfer from Acct # XXXXXX4326 Bank Funds Transfer 9999-000 $3,290.55 $3,291.76
10/31/08 INT Hudson Valley Bank Interest Earned For October 1270-000 $0.76 $3,292.52
11/30/08 INT Hudson Valley Bank INTEREST REC'D FROM 1270-000 $0.77 $3,293.29 BANK 12/08/08 INT Hudson Valley Bank 1270-000 $0.13 $3,293.42
12/08/08 Transfer to Acct# XXXXXX1835 Transfer of Funds 9999-000 $3,293.42 $0.00
COLUMN TOTALS $7,569.93 $7,569.93 Less: Bank Transfers/CD's $3,290.55 $6,452.69 Subtotal $4,279.38 $1,117.24
Page Subtotals: $3,318.23 $6,452.69 Page: 6
01-14312-mkv Doc 1118-4 Filed 12/04/18 EnteredLess: Payments 12/04/18 to Debtors 15:01:21 Renco$0.00 $0.00 Metals Forms 1 and 2 Pg 7 of 20 Net $4,279.38 $1,117.24
Page Subtotals: $0.00 $0.00 Page: 7
01-14312-mkv Doc 1118-4 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 Renco ESTATE CASHMetals RECEIPTS Forms AND1 and DISBURSEMENTS 2 Pg 8 of 20 RECORD Case No: 01-14311 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Renco Metals, Inc. Bank Name: Union Bank Account Number/CD#: XXXXXX1835 Money Market Account (Interest Earn Taxpayer ID No: XX-XXX4916 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $0.00
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Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 12/08/08 Transfer from Acct# XXXXXX1801 Transfer of Funds 9999-000 $3,293.42 $3,293.42
12/31/08 INT Union Bank of California Interest Rate 0.150 1270-000 $0.44 $3,293.86
01/30/09 INT Union Bank of California Interest Rate 0.150 1270-000 $0.39 $3,294.25
02/27/09 INT Union Bank of California Interest Rate 0.150 1270-000 $0.36 $3,294.61
03/31/09 INT Union Bank of California Interest Rate 0.150 1270-000 $0.42 $3,295.03
04/30/09 INT Union Bank of California Interest Rate 0.150 1270-000 $0.39 $3,295.42
05/29/09 INT Union Bank of California Interest Rate 0.150 1270-000 $0.38 $3,295.80
06/30/09 INT Union Bank of California Interest Rate 0.150 1270-000 $0.42 $3,296.22
07/31/09 INT Union Bank of California Interest Rate 0.150 1270-000 $0.40 $3,296.62
08/31/09 INT Union Bank of California Interest Rate 0.150 1270-000 $0.40 $3,297.02
09/30/09 INT Union Bank of California Interest Rate 0.150 1270-000 $0.39 $3,297.41
10/30/09 INT Union Bank of California Interest Rate 0.150 1270-000 $0.39 $3,297.80
11/30/09 INT Union Bank of California Interest Rate 0.150 1270-000 $0.40 $3,298.20
12/31/09 INT Union Bank of California Interest Rate 0.050 1270-000 $0.40 $3,298.60
01/29/10 INT Union Bank of California Interest Rate 0.050 1270-000 $0.14 $3,298.74
02/26/10 INT Union Bank of California Interest Rate 0.050 1270-000 $0.11 $3,298.85
03/31/10 INT Union Bank of California Interest Rate 0.050 1270-000 $0.13 $3,298.98
Page Subtotals: $3,298.98 $0.00 Page: 8
01-14312-mkv Doc 1118-4 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 Renco ESTATE CASHMetals RECEIPTS Forms AND1 and DISBURSEMENTS 2 Pg 9 of 20 RECORD Case No: 01-14311 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Renco Metals, Inc. Bank Name: Union Bank Account Number/CD#: XXXXXX1835 Money Market Account (Interest Earn Taxpayer ID No: XX-XXX4916 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $0.00
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Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 04/30/10 INT Union Bank of California Interest Rate 0.050 1270-000 $0.12 $3,299.10
05/28/10 INT Union Bank of California Interest Rate 0.050 1270-000 $0.11 $3,299.21
06/30/10 INT Union Bank of California Interest Rate 0.050 1270-000 $0.13 $3,299.34
07/30/10 INT Union Bank of California Interest Rate 0.050 1270-000 $0.12 $3,299.46
08/31/10 INT Union Bank of California Interest Rate 0.050 1270-000 $0.13 $3,299.59
09/30/10 INT Union Bank of California Interest Rate 0.050 1270-000 $0.12 $3,299.71
10/29/10 INT Union Bank of California Interest Rate 0.050 1270-000 $0.12 $3,299.83
11/30/10 INT Union Bank of California Interest Rate 0.050 1270-000 $0.13 $3,299.96
12/31/10 INT Union Bank of California Interest Rate 0.050 1270-000 $0.12 $3,300.08
01/31/11 INT Union Bank of California Interest Rate 0.000 1270-000 $0.04 $3,300.12
09/26/11 Union Bank of California BANK SERVICES FEE (CHK) 2600-000 $7.37 $3,292.75
10/25/11 Union Bank of California BANK SERVICES FEE (CHK) 2600-000 $7.37 $3,285.38
11/25/11 Union Bank of California BANK SERVICES FEE (CHK) 2600-000 $7.37 $3,278.01
12/27/11 Union Bank of California BANK SERVICES FEE (CHK) 2600-000 $7.37 $3,270.64
01/25/12 Union Bank of California BANK SERVICES FEE (CHK) 2600-000 $7.37 $3,263.27
02/27/12 Union Bank of California BANK SERVICES FEE (CHK) 2600-000 $7.37 $3,255.90
03/26/12 Union Bank of California BANK SERVICES FEE (CHK) 2600-000 $7.37 $3,248.53
Page Subtotals: $1.14 $51.59 Page: 9
01-14312-mkv Doc 1118-4 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 Renco ESTATE MetalsCASH RECEIPTS Forms 1AND and DISBURSEMENTS 2 Pg 10 of 20 RECORD Case No: 01-14311 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Renco Metals, Inc. Bank Name: Union Bank Account Number/CD#: XXXXXX1835 Money Market Account (Interest Earn Taxpayer ID No: XX-XXX4916 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $0.00
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Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 04/25/12 Union Bank of California BANK SERVICES FEE (CHK) 2600-000 $7.37 $3,241.16
05/25/12 Union Bank of California BANK SERVICES FEE (CHK) 2600-000 $7.37 $3,233.79
06/14/12 Union Bank of California 2600-000 $3.40 $3,230.39
06/14/12 Transfer to Acct# XXXXXX1364 Transfer of Funds 9999-000 $3,230.39 $0.00
COLUMN TOTALS $3,300.12 $3,300.12 Less: Bank Transfers/CD's $3,293.42 $3,230.39 Subtotal $6.70 $69.73 Less: Payments to Debtors $0.00 $0.00 Net $6.70 $69.73
Page Subtotals: $0.00 $3,248.53 Page: 10
01-14312-mkv Doc 1118-4 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 Renco ESTATE MetalsCASH RECEIPTS Forms 1AND and DISBURSEMENTS 2 Pg 11 of 20 RECORD Case No: 01-14311 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Renco Metals, Inc. Bank Name: Union Bank Account Number/CD#: XXXXXX1843 Checking Account Taxpayer ID No: XX-XXX4916 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $0.00
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Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) No Transactions $0.00
COLUMN TOTALS $0.00 $0.00 Less: Bank Transfers/CD's $0.00 $0.00 Subtotal $0.00 $0.00 Less: Payments to Debtors $0.00 $0.00 Net $0.00 $0.00
Page Subtotals: $0.00 $0.00 Page: 11
01-14312-mkv Doc 1118-4 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 Renco ESTATE MetalsCASH RECEIPTS Forms 1AND and DISBURSEMENTS 2 Pg 12 of 20 RECORD Case No: 01-14311 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Renco Metals, Inc. Bank Name: Rabobank, N.A. Account Number/CD#: XXXXXX9300 Checking Taxpayer ID No: XX-XXX4916 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $0.00
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Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) No Transactions $0.00
COLUMN TOTALS $0.00 $0.00 Less: Bank Transfers/CD's $0.00 $0.00 Subtotal $0.00 $0.00 Less: Payments to Debtors $0.00 $0.00 Net $0.00 $0.00
Page Subtotals: $0.00 $0.00 Page: 12
01-14312-mkv Doc 1118-4 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 Renco ESTATE MetalsCASH RECEIPTS Forms 1AND and DISBURSEMENTS 2 Pg 13 of 20 RECORD Case No: 01-14311 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Renco Metals, Inc. Bank Name: Rabobank, N.A. Account Number/CD#: XXXXXX0266 Money Market Taxpayer ID No: XX-XXX4916 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $0.00
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Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 09/15/16 Transfer from Acct # xxxxxx1364 Transfer of Funds From Empire 9999-000 $2,960.39 $2,960.39 National Bank 09/30/16 INT Rabobank, N.A. INTEREST Posting 1270-000 $0.39 $2,960.78
10/31/16 INT Rabobank, N.A. INTEREST Posting 1270-000 $0.75 $2,961.53
11/22/16 3 State of New York Abandoned funds recovered 1290-000 $85.00 $3,046.53 from New York State 11/30/16 INT Rabobank, N.A. INTEREST Posting 1270-000 $0.74 $3,047.27
12/31/16 INT Rabobank, N.A. INTEREST Posting 1270-000 $0.77 $3,048.04
01/31/17 INT Rabobank, N.A. INTEREST Posting 1270-000 $0.78 $3,048.82
02/28/17 INT Rabobank, N.A. INTEREST Posting 1270-000 $0.70 $3,049.52
03/31/17 INT Rabobank, N.A. INTEREST Posting 1270-000 $0.78 $3,050.30
04/30/17 INT Rabobank, N.A. INTEREST Posting 1270-000 $0.75 $3,051.05
05/31/17 INT Rabobank, N.A. INTEREST Posting 1270-000 $0.78 $3,051.83
06/30/17 INT Rabobank, N.A. INTEREST Posting 1270-000 $0.75 $3,052.58
07/31/17 INT Rabobank, N.A. INTEREST Posting 1270-000 $0.78 $3,053.36
08/10/17 INT Rabobank, N.A. INTEREST adjustment 1270-000 $1.42 $3,054.78
08/31/17 INT Rabobank, N.A. INTEREST Posting 1270-000 $1.79 $3,056.57
08/31/17 INT Rabobank, N.A. INTEREST adjustment 1270-000 $0.39 $3,056.96
09/30/17 INT Rabobank, N.A. INTEREST Posting 1270-000 $2.13 $3,059.09
Page Subtotals: $3,059.09 $0.00 Page: 13
01-14312-mkv Doc 1118-4 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 Renco ESTATE MetalsCASH RECEIPTS Forms 1AND and DISBURSEMENTS 2 Pg 14 of 20 RECORD Case No: 01-14311 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Renco Metals, Inc. Bank Name: Rabobank, N.A. Account Number/CD#: XXXXXX0266 Money Market Taxpayer ID No: XX-XXX4916 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $0.00
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Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 10/31/17 INT Rabobank, N.A. INTEREST Posting 1270-000 $2.21 $3,061.30
11/09/17 Transfer to Acct # xxxxxx9093 Transfer of Funds 9999-000 $3,061.30 $0.00
COLUMN TOTALS $3,061.30 $3,061.30 Less: Bank Transfers/CD's $2,960.39 $3,061.30 Subtotal $100.91 $0.00 Less: Payments to Debtors $0.00 $0.00 Net $100.91 $0.00
Page Subtotals: $2.21 $3,061.30 Page: 14
01-14312-mkv Doc 1118-4 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 Renco ESTATE MetalsCASH RECEIPTS Forms 1AND and DISBURSEMENTS 2 Pg 15 of 20 RECORD Case No: 01-14311 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Renco Metals, Inc. Bank Name: East West Bank Account Number/CD#: XXXXXX9093 Checking Taxpayer ID No: XX-XXX4916 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $0.00
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Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 11/09/17 Transfer from Acct # xxxxxx0266 Transfer of Funds 9999-000 $3,061.30 $3,061.30
11/16/17 INT East West Bank Interest 1270-000 $0.54 $3,061.84
11/30/17 INT East West Bank Interest 1270-000 $0.20 $3,062.04
12/29/17 INT East West Bank Interest 1270-000 $0.58 $3,062.62
01/31/18 INT East West Bank Interest 1270-000 $3.75 $3,066.37
02/28/18 INT East West Bank Interest 1270-000 $3.76 $3,070.13
03/30/18 INT East West Bank Interest 1270-000 $4.22 $3,074.35
04/30/18 INT East West Bank Interest 1270-000 $4.32 $3,078.67
05/31/18 INT East West Bank Interest 1270-000 $4.94 $3,083.61
06/29/18 INT East West Bank Interest 1270-000 $4.79 $3,088.40
07/31/18 INT East West Bank Interest 1270-000 $5.50 $3,093.90
08/31/18 INT East West Bank Interest 1270-000 $5.54 $3,099.44
09/28/18 INT East West Bank Interest 1270-000 $5.40 $3,104.84
10/31/18 INT East West Bank Interest 1270-000 $6.28 $3,111.12
11/30/18 INT East West Bank Interest 1270-000 $6.08 $3,117.20
COLUMN TOTALS $3,117.20 $0.00 Less: Bank Transfers/CD's $3,061.30 $0.00 Subtotal $55.90 $0.00
Page Subtotals: $3,117.20 $0.00 Page: 15
01-14312-mkv Doc 1118-4 Filed 12/04/18 EnteredLess: Payments 12/04/18 to Debtors 15:01:21 Renco$0.00 $0.00 Metals Forms 1 and 2 Pg 16 of 20 Net $55.90 $0.00
Page Subtotals: $0.00 $0.00 Page: 16
01-14312-mkv Doc 1118-4 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 Renco ESTATE MetalsCASH RECEIPTS Forms 1AND and DISBURSEMENTS 2 Pg 17 of 20 RECORD Case No: 01-14311 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Renco Metals, Inc. Bank Name: EmpireNationalBank Account Number/CD#: XXXXXX1364 Checking Account Taxpayer ID No: XX-XXX4916 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $0.00
1 2 3 4 5 6 7
Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 06/14/12 Transfer from Acct# XXXXXX1835 Transfer of Funds 9999-000 $3,230.39 $3,230.39
08/01/14 Empire National Bank COLLATERAL FEE 2600-000 $10.00 $3,220.39
09/02/14 Empire National Bank COLLATERAL FEE 2600-000 $10.00 $3,210.39
10/01/14 Empire National Bank COLLATERAL FEE 2600-000 $10.00 $3,200.39
11/03/14 Empire National Bank COLLATERAL FEE 2600-000 $10.00 $3,190.39
12/01/14 Empire National Bank COLLATERAL FEE 2600-000 $10.00 $3,180.39
01/02/15 Empire National Bank COLLATERAL FEE 2600-000 $10.00 $3,170.39
02/02/15 Empire National Bank COLLATERAL FEE 2600-000 $10.00 $3,160.39
03/02/15 Empire National Bank COLLATERAL FEE 2600-000 $10.00 $3,150.39
04/01/15 Empire National Bank COLLATERAL FEE 2600-000 $10.00 $3,140.39
05/01/15 EmpireNationalBank Bank Service Fee under 11 2600-000 $10.00 $3,130.39 U.S.C. 330(a)(1)(B), 503(b) (1), and 507(a)(2) 06/01/15 EmpireNationalBank Bank Service Fee under 11 2600-000 $10.00 $3,120.39 U.S.C. 330(a)(1)(B), 503(b) (1), and 507(a)(2) 07/01/15 EmpireNationalBank Bank Service Fee under 11 2600-000 $10.00 $3,110.39 U.S.C. 330(a)(1)(B), 503(b) (1), and 507(a)(2) 08/03/15 EmpireNationalBank Bank Service Fee under 11 2600-000 $10.00 $3,100.39 U.S.C. 330(a)(1)(B), 503(b) (1), and 507(a)(2) 09/01/15 EmpireNationalBank Bank Service Fee under 11 2600-000 $10.00 $3,090.39 U.S.C. 330(a)(1)(B), 503(b) (1), and 507(a)(2)
Page Subtotals: $3,230.39 $140.00 Page: 17
01-14312-mkv Doc 1118-4 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 Renco ESTATE MetalsCASH RECEIPTS Forms 1AND and DISBURSEMENTS 2 Pg 18 of 20 RECORD Case No: 01-14311 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Renco Metals, Inc. Bank Name: EmpireNationalBank Account Number/CD#: XXXXXX1364 Checking Account Taxpayer ID No: XX-XXX4916 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $0.00
1 2 3 4 5 6 7
Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 10/01/15 EmpireNationalBank Bank Service Fee under 11 2600-000 $10.00 $3,080.39 U.S.C. 330(a)(1)(B), 503(b) (1), and 507(a)(2) 11/02/15 EmpireNationalBank Bank Service Fee under 11 2600-000 $10.00 $3,070.39 U.S.C. 330(a)(1)(B), 503(b) (1), and 507(a)(2) 12/01/15 EmpireNationalBank Bank Service Fee under 11 2600-000 $10.00 $3,060.39 U.S.C. 330(a)(1)(B), 503(b) (1), and 507(a)(2) 01/04/16 EmpireNationalBank Bank Service Fee under 11 2600-000 $10.00 $3,050.39 U.S.C. 330(a)(1)(B), 503(b) (1), and 507(a)(2) 02/01/16 EmpireNationalBank Bank Service Fee under 11 2600-000 $10.00 $3,040.39 U.S.C. 330(a)(1)(B), 503(b) (1), and 507(a)(2) 03/01/16 EmpireNationalBank Bank Service Fee under 11 2600-000 $10.00 $3,030.39 U.S.C. 330(a)(1)(B), 503(b) (1), and 507(a)(2) 04/01/16 EmpireNationalBank Bank Service Fee under 11 2600-000 $10.00 $3,020.39 U.S.C. 330(a)(1)(B), 503(b) (1), and 507(a)(2) 05/02/16 EmpireNationalBank Bank Service Fee under 11 2600-000 $10.00 $3,010.39 U.S.C. 330(a)(1)(B), 503(b) (1), and 507(a)(2) 06/01/16 EmpireNationalBank Bank Service Fee under 11 2600-000 $10.00 $3,000.39 U.S.C. 330(a)(1)(B), 503(b) (1), and 507(a)(2) 07/01/16 EmpireNationalBank Bank Service Fee under 11 2600-000 $10.00 $2,990.39 U.S.C. 330(a)(1)(B), 503(b) (1), and 507(a)(2) 08/01/16 EmpireNationalBank Bank Service Fee under 11 2600-000 $10.00 $2,980.39 U.S.C. 330(a)(1)(B), 503(b) (1), and 507(a)(2) 09/01/16 EmpireNationalBank Bank Service Fee under 11 2600-000 $10.00 $2,970.39 U.S.C. 330(a)(1)(B), 503(b) (1), and 507(a)(2) 09/15/16 Transfer to Acct # xxxxxx0266 Transfer of Funds From Empire 9999-000 $2,960.39 $10.00 National Bank
Page Subtotals: $0.00 $3,080.39 Page: 18
01-14312-mkv Doc 1118-4 Filed 12/04/18FORM 2 Entered 12/04/18 15:01:21 Renco ESTATE MetalsCASH RECEIPTS Forms 1AND and DISBURSEMENTS 2 Pg 19 of 20 RECORD Case No: 01-14311 Trustee Name: LEE E. BUCHWALD, TRUSTEE Case Name: Renco Metals, Inc. Bank Name: EmpireNationalBank Account Number/CD#: XXXXXX1364 Checking Account Taxpayer ID No: XX-XXX4916 Blanket Bond (per case limit): For Period Ending: 11/30/2018 Separate Bond (if applicable): $0.00
1 2 3 4 5 6 7
Transaction Date Check or Paid To / Received From Description of Transaction Uniform Tran. Deposits ($) Disbursements ($) Account/CD Balance Reference Code ($) 10/03/16 EmpireNationalBank Bank Service Fee under 11 2600-000 $10.00 $0.00 U.S.C. 330(a)(1)(B), 503(b) (1), and 507(a)(2)
COLUMN TOTALS $3,230.39 $3,230.39 Less: Bank Transfers/CD's $3,230.39 $2,960.39 Subtotal $0.00 $270.00 Less: Payments to Debtors $0.00 $0.00 Net $0.00 $270.00
Page Subtotals: $0.00 $10.00 Page: 19 01-14312-mkv Doc 1118-4 Filed 12/04/18 Entered 12/04/18 15:01:21 Renco Metals Forms 1 and 2 Pg 20 of 20
TOTAL OF ALL ACCOUNTS NET ACCOUNT NET DEPOSITS DISBURSEMENTS BALANCE XXXXXX0266 - Money Market $100.91 $0.00 $0.00 XXXXXX1364 - Checking Account $0.00 $270.00 $0.00 XXXXXX1801 - Checking Account $4,279.38 $1,117.24 $0.00 XXXXXX1835 - Money Market Account $6.70 $69.73 $0.00 (Interest Earn XXXXXX1843 - Checking Account $0.00 $0.00 $0.00 XXXXXX4326 - Certificate of Deposit $131.28 $0.00 $0.00 XXXXXX9093 - Checking $55.90 $0.00 $3,117.09 XXXXXX9300 - Checking $0.00 $0.00 $0.00 $4,574.17 $1,456.97 $3,117.09
(Excludes account (Excludes payments Total Funds on Hand transfers) to debtors) Total Allocation Receipts: $0.00 Total Net Deposits: $4,574.17 Total Gross Receipts: $4,574.17
Trustee Signature: /s/ LEE E. BUCHWALD, TRUSTEE Date: 12/04/2018
LEE E. BUCHWALD, TRUSTEE 380 LEXINGTON AVENUE 17th FLOOR NEW YORK NY 10168-1799 (212) 551-1040
Page Subtotals: $0.00 $0.00 Page: 1 01-14312-mkv Doc 1118-5 Filed 12/04/18 Entered 12/04/18 15:01:21 MagCorp_RencoFORM Form 3 3 Pg 1 of 1 SUMMARY INTERIM ASSET / NO ASSET REPORT Trustee: LEE E. BUCHWALD, TRUSTEE Blanket Bond Amount: $0.00
For Period Ending: 11/30/2018 Per Case Limit: $143,000,000.00
1 2 3 4 5 6 7
Date of Disposition by*: Final Report (TFR) Total Amount of Gross Value of Final Account (TDR) Date Filed (f) or Funds on Separate Remaining Assets Report of No Case Number Case Name Converted (c) Deposit or Bond (From Form 1 Distribution (NDR) to Chapter 7 Invested (if any) Excludes Unknown Conversion (C) (From Form 2) Values) Dismissal (D) Reassignment (R) *If TFR not filed, insert estimated (e) TFR date.
1:01-14311-7- Renco Metals, Inc. 09/25/2003 (c) $3,117.09 $0.00 $0.00 MKV 1:01-14312-7- Magnesium Corporation of America 09/24/2003 (c) $94,883,778.48 $143,000,000.00 $0.00 MKV
Report Totals Number of Cases: 2 $94,886,895.57 $0.00
I certify that I have filed and reviewed Forms 1 and 2 for all cases listed above where required and that they are accurate and correct to the best of my knowledge.
Trustee Signature: /s/ LEE E. BUCHWALD, TRUSTEE Date: 12/04/2018 LEE E. BUCHWALD, TRUSTEE 380 LEXINGTON AVENUE 17th FLOOR NEW YORK NY 10168-1799 (212) 551-1040