United States Bankruptcy Court, N.D. California September 28, 2015, Bankruptcy Case No. 13-32456DM (Jointly Administered with Case No. 13-32457) (In re Arce Riverside, LLC)

MEMORANDUM DECISION ON OBJECTION TO SECOND AMENDED CLAIM

DENNIS MONTALI, U.S. Bankruptcy Judge

I. INTRODUCTION

On September 1st and 2nd, 2015, the court conducted a trial on the Debtors’ Objection to the Second Amended Claim of Penn Equities, LLC, (“Penn”), and on September 3rd the court heard closing argument from counsel for the parties. At that point the matter was submitted for decision.