Thank you for visiting The Islander Newspaper Online.

We are currently updating our website to provide you better service and function.
If you would like to access the new site, please, click here: The Islander Newspaper

Sorry for any inconvenience. Our new site and service will resume shortly.

Web Master

The Award Winning & Best News on Anna Maria Island, FL Since 1992

"The Award Winning & Best News on Anna Maria Island, FL Since 1992"

Tuesday, Sep, 23, 2014
Florida Press Assn. Award-Winning Web Site
Home Latest News Weather Sports Real Estate Classifieds Island Guide Islander Store

 SECTIONS

 • 

Main News

 • 

Classifieds

 • 

Opinions

 • 

Streetlife

 • 

Calendar

 • 

Fishing

 • 

Sports

 • 

Real Estate

 • 

Obituaries

 • 

Weather

 Features

 • 

Cortez Cook Off: The Results

 • 

Anna Maria Island Bridge FDOT replacement bridge

 • 

National Hurricane Center (Atlantic)

 • 

Advanced Search

 • 

I love AMI

 • 

Mystery Story

 • 

Fishing Laws

 Classifieds

 • 

Classifieds Page

 • 

Place An AD

 • 

Items for Sale

 • 

Garage Sale

 • 

Estate Sale

 • 

Announcments

 • 

Lost & Found

 • 

Pets

 • 

Transportation

 • 

Boats & Boating

 • 

Fishing

 • 

Kids 4 Hire

 • 

Help Wanted

 • 

Health Care

 • 

Services

 • 

Lawn & Garden

 • 

Landscaping

 • 

Home Improvement

 • 

Business Opportunities

 • 

Rentals

 • 

Real Estate

 Weather

 • 

Today's Forecast

 • 

10 Day Forecast

 • 

Today's Tides

 • 

Emergency e-mail

 • 

Storm Watch

 Archive

 • 

News Archive

 • 

2009 Top Notch Gallery

 • 

2008 Top Notch Gallery

 • 

2007 Top Notch Gallery

 • 

2006 Top Notch Gallery

 • 

2005 Top Notch Gallery

 • 

2004 Top Notch Gallery

 Useful Links

 • 

Island Links

 • 

i.wed

 • 

Islander Store

 • 

About this Site

 Contact Us

 • 

Islander Store

 • 

Subscribe

 • 

About Us

 • 

e-mail us

Story Tools

Date of Issue: June 21, 2007

Committee wants $3 million from GSR principals, lawyers, ex-reps

The Official Committee of General Unsecured Creditors for bankrupt GSR Development LLC has lashed out at the principals and former lawyers and representatives of the failed company, demanding a minimum of $3 million from those involved in the $46 million bankruptcy, claiming they operated a "conspiracy."

Attorneys John Anthony and Cheryl Thompson, representing the committee, filed a notice of "adversary proceedings" with the federal bankruptcy court June 14, claiming that these are "actions that would have been brought in state court if unrelated to the bankruptcy."

While Thompson and Anthony did not state the "actions" would have been criminal charges in another court, the allegations would indicate that the "actions" are serious.

Named as defendants in the "adversary proceedings" are GSR principals Robert Byrne and Steve Noriega; attorneys Derek Filcoff and Christopher Hunt of the defunct firm known as "The Real Estate Law Firm;" and businessman Thomas Coelho. Filcoff and Hunt were identified in the documents as licensed Florida attorneys with an office in Sarasota. Coelho, while not an attorney, represented himself to be a lawyer, the notice indicates.

The "adversary proceedings" has 11 allegations against the defendants, including fraudulent transfers, professional negligence, breach of fiduciary duty, civil conspiracy, fraudulent inducement and criminal usury.

Anthony and Thompson claimed these allegations arose from numerous financial transactions involving GSR and the defendants, including "questionable" dealings with Bon Eau Development LLC, Longboat Partners, Crossgate Partners, and various other individuals and companies.

Bon Eau was not named as a defendant by the unsecured creditors committee. Federal bankruptcy Judge K. Rodney May last month allowed the company to "compromise" itself out of any adversary proceedings after it agreed to contribute $500,000 to help pay for "administrative claims" against GSR. Bon Eau also agreed to give an additional $250,000 for the committee to use in filing claims against the named defendants.

May set a "pre-trial" conference for 10:30 a.m. on Wednesday, July 31, in the federal courthouse at 801 N. Florida Ave. in Tampa. The defendants have until July 16 to respond to the allegations.

Efforts to reach Filcoff, Hunt, Coelho, Byrne or Noriega for comment were unsuccessful.

Have your say:

No comments for this page. Feel free to be the first

Username:

Contact:

(email or url)

Subject:

Your View:

Please enter the security code below:

security  

Get breaking news

Follow the Islander on TwitterBecome a fan of The Islander on Facebook

Sign up to receive breaking news alerts via e-mail. We'll send you a notice when the news and classifieds appear online every week, before the print edition hits the streets.

Click here for Gulf oil spill updates related to Anna Maria Island.

Historic Anna Maria City Pier Plank Walk

Put your name, your message, your memorial on the Historic Anna Maria City Pier prior to the Pier Centennial Celebration! And join the fun!

CLICK HERE for Stoltzfus e-mails and related court documents.


FREE Island
Vacation Guide:
get it here

Cortez Cookoff

Click here for 2010 Cortez Cookoff Winner and recipes

To advertise here, please
visit our rates page
or contact us at:
sales@islander.org
Phone: (941) 778-7978
Fax: (941) 778-9392

Back to top of Page

Home | Weather | Real Estate | Classifieds | Archives | Contact | Island Links
Islander Store | Subscribe About this site | Classifieds Page | Place an Ad
For Sale | Garage Sales | Announcements | Lost & Found | Pets | Transportation
Boats & Boating | Fishing | Kids for Hire | Help Wanted | Health Care | Services
Lawn & Garden | Landscaping | Home Improvement | Business Opportunities | Rentals | Real Estate

Our Privacy and Copyright Statements © 1992 - 2009, The Islander