Cobalt Multifamily Investors I, LLC v. Arden

OPINION AND ORDER

KIMBA M. WOOD, District Judge.

I. Background

On February 24, 2011, Anthony Paduano, Esq., the court-appointed receiver (“Receiver”) for Plaintiffs Cobalt Multifamily Investors I LLC, Cobalt Multifamily CO. I, LLC, Cobalt Capital Funding, LLC, and Vail Mountain Trust (“the Cobalt Entities”) moved for summary judgment against Arthur Landsman, Michael Eisemann, Susan Kagan, John Dundon (the “individual defendants”), and Comvest Financial Corporation (collectively, “Defendants”).1

The Receiver moved for summary judgment on (1) his first cause of action, against Defendants for…