Bankruptcy Court Gives Civil Case the Go!

PCF Investors March 20, 2013 BANKRUPTCY COURT GIVES CIVIL CASE THE GO! Dear Fellow Investor, Here is a brief update on the Point Center bankruptcy and civil cases: The federal bankruptcy court lifted the "automatic stay" this past Tuesday giving 86 plaintiffs suing Dan and Diane Harkey, Gwen Melanson, and Point Center Financial, the go-ahead to pursue their claims in the California Superior Court of Orange County. Lawyers for both sides met with California Superior Court Judge Perk Thursday Morning to discuss the Bankruptcy Court's ruling and scheduled the restart of the trial to this coming Monday, March 25. The court will likely hear pre-trial motions Monday and Tuesday before beginning the jury selection process. Actual opening statements are not expected until late in the week or after the Easter holiday. We'll keep you posted as information becomes available. Bankruptcy court filings can be reviewed on the blog by clicking here. Sincerely, PCFInvestor