NY1 473554v5 09/03/10

FOX ROTHSCHILD LLP

Yann Geron
Kathleen M. Aiello
100 Park Avenue, 15
th
Floor
New York, New York 10017
(212) 878-7900
Attorneys for Yann Geron, Chapter 7 Trustee
UNITED STATES BANKRUPTCY COURT
SOUTHERN DISTRICT OF NEW YORK
-----------------------------------------------------x
In re :
: Chapter 7
THELEN LLP, :
: Case No. 09-15631 (ALG)
Debtor. :
-----------------------------------------------------x
TRUSTEES APPLICATION, PURSUANT TO FED. R. BANKR. P. 9019,
FOR AN ORDER APPROVING A CERTAIN STIPULATION OF SETTLEMENT
ACKNOWLEDGING THE LIEN OF RELATIONAL, LLC ON CERTAIN OF THE
DEBTORS REMAINING FURNITURE AND EQUIPMENT AND REMITTING CERTAIN
SALE PROCEEDS TO THE DEBTORS ESTATE
TO THE HONORABLE ALLAN L. GROPPER,
CHIEF UNITED STATES BANKRUPTCY JUDGE:
Yann Geron, Chapter 7 Trustee (the Trustee) of the estate of Thelen LLP, the
above-captioned debtor (the Debtor or Thelen), as and for his application (the
Application) for an order, pursuant to Rule 9019 of the Federal Rules of Bankruptcy Procedure
(the Bankruptcy Rules), approving a certain stipulation of settlement, dated August 31, 2010
(the Stipulation), (i) acknowledging Relationals lien on certain furniture and equipment (the
Equipment), (ii) providing that Relational will remit to the Trustee 20% of the net proceeds
from Relationals sale of the Equipment, (iii) resolving any disputes regarding ownership of the
Equipment, and (iv) providing for the payment of all expenditures related to the Equipment since
the Petition Date, not to exceed $6,500, upon information and belief, respectfully sets forth and
represents:
NY1 473554v5 09/03/10
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JURISDICTION
1. This Court has jurisdiction over this Application pursuant to 28 U.S.C.
157 and 1334. This matter is a core proceeding pursuant to 28 U.S.C. 157(b)(2).
2. Venue of this Application is proper in this district pursuant to 28 U.S.C.
1408 and 1409.
3. The statutory predicate for the relief sought herein is Rule 9019 of the
Bankruptcy Rules.
SUMMARY OF RELIEF REQUESTED
4. By this Application, as further detailed below, the Trustee seeks approval
of the Stipulation, a copy of which is annexed hereto as Exhibit A.
5. As further detailed below, approval of the Stipulation is warranted because
the settlement embodied in the Stipulation is reasonable and efficiently resolves several
competing and overlapping issues concerning the disposition of certain equipment leased and
owned by the Debtor at the time of the commencement of this case.
BACKGROUND
6. On September 18, 2009 (the Petition Date), the Debtor filed with the
United States Bankruptcy Court for the Southern District of New York (the Bankruptcy
Court), a voluntary petition for relief under chapter 7 of Title 11 of the United States Code (the
Bankruptcy Code).
7. Yann Geron was subsequently appointed as interim chapter 7 trustee of
the Debtors estate. Mr. Geron has since qualified and is currently serving as permanent Trustee
herein.
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8. Prior to the Petition Date, the Debtor was a limited liability partnership,
operating as an international law firm with approximately 600 attorneys. In October 2008, the
Debtor formally voted to dissolve the partnership. Thereafter, the Debtor began its wind-down
process. Upon information and belief, while in the wind-down stage, the Debtors largest lender
ceased wind-down financing, and the Debtor filed the instant bankruptcy proceeding.
9. Before the Petition Date, the Debtor maintained one remaining office suite
at 101 Second Street, San Francisco, California 94105 (the Office Premises). The Equipment
that is the subject of the Stipulation comprises the furniture, furnishings and equipment that
remained on the Office Premises on the Petition Date. A copy of the schedule of Equipment is
annexed to the Stipulation as Exhibit A.
10. Due to the significant amount of accruing monthly rent due on the Office
Premises, the Trustee arranged for Charyn Auctions (Charyn) to remove the Equipment from
the Office Premises and store it to enable the Trustee to surrender the premises to the landlord.
11. Prior to the filing, on April 2, 2002, Thelen entered into a Master Lease
Agreement with Relational, which includes 89 schedules of various computer equipment
including servers, work stations, laptops and related accessories. According to the terms of the
Master Lease Agreement, Relational is the purported titled holder of the Equipment.
12. On January 5, 2009, after the firms dissolution and prior to the Petition
Date, Thelen and Relational entered into a surrender agreement, pursuant to which: (1) Thelen
purchased certain of the Equipment from Relational for $300,000; (2) Thelen gathered,
assembled, packed and surrendered to Relational the balance of the equipment that was not
purchased; (3) Thelen paid $275,000, as a partial payment of its obligations under the Master
Lease and Schedules; (4) Thelen waived any right to receive any notice of sale or other
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disposition of the surrendered equipment and further waived any right to contest the commercial
reasonableness of any sale or other disposition of the surrendered equipment; and (5) Relational
retained all right to assert a deficiency claim against Thelen for amounts owed under the Master
Lease and Schedules.
13. Relational later alleged, in a complaint filed against Thelen in the U.S.
District Court for the Southern District of New York, that Thelen defaulted under both the
Master Lease and the Surrender Agreement for failure to pay and failure to return the equipment.
(See Relational, LLC v. Thelen LLP; Case No. 09 CIV 3179, United States District Court,
Southern District of New York).
14. On September 24, 2009, Relational filed a proof of claim in the Thelen
bankruptcy case for more than $3.1 million.
1
15. The Trustee has encountered significant difficulty reconciling the
inventory of actual Equipment with the UCC-1 financing and other statements that purportedly
support Relationals claim of ownership. The Trustee and Relational have engaged in detailed
discussions to determine which pieces of Equipment are owned by Relational and which belong
to the Debtors estate. The parties could not conclusively determine these issues. Rather than
continue to dispute title to the Equipment, piece-by-piece, or proceed to a costly evidentiary
hearing, the parties reached the instant settlement.
THE CURRENT APPLICATION
a. Applicable Legal Standard
17. Bankruptcy Rule 9019 provides that [o]n a motion by the trustee and
after notice and a hearing, the court may approve a compromise or settlement. Fed. R. Bankr.

1
Relational claimed that this amount was the stipulated loss value of the Equipment under the Master Lease and
Schedules.
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P. 9019(a). In ruling on a motion pursuant to Bankruptcy Rule 9019(a), the court must find that
the proposed settlement is fair and equitable and is in the best interests of the estate. Protective
Comm. for Independent Stockholders of TMT Trailer Ferry, Inc. v. Anderson, 390 U.S. 414
(1968). Fischer v. Pereira (In re 47-49 Charles Street, Inc.), 209 B.R. 618, 620 (S.D.N.Y. 1997);
In re Ionosphere Clubs, Inc., 156 B.R. 414 (S.D.N.Y. 1993), affd 17 F.3d 600 (2d Cir. 1994); In
re Fugazy, 150 B.R. 103 (Bankr. S.D.N.Y. 1993).
18. In order to reach such a decision, the Court must be apprised of all facts
necessary for an intelligent and objective opinion of whether the claim will be successful, the
likely expense, length and the degree of complexity of the litigation, the potential difficulties of
collecting on a judgment and all other factors relevant to a full and fair assessment of the
wisdom of the proposed compromise. TMT Trailer Ferry, 390 U.S. at 424-425.
19. To constitute a fair and equitable compromise or settlement, the Court
must find that the settlement does not fall below the lowest point in the range of
reasonableness. Cosoff v. Rodman (In re W.T. Grant Co)., 699 F.2d 599, 608 (2d Cir.
1983)(quoting Newman v. Stein, 464 F.2d 689, 693 (2d Cir.) cert. denied, 409 U.S. 1039, 93 S.
Ct. 521 (1972)), cert. denied, 464 U.S. 822, 104 S. Ct. 89 (1983); In re Drexel Burnham Lambert
Group, Inc., 138 B.R. 723, 758-59 (Bankr. S.D.N.Y. 1992); In re International Distribution
Centers, Inc., 103 B.R. 420, 423 (Bankr. S.D.N.Y. 1989).
20. The Court should also consider the fair and reasonable course of action for
the Debtors estate, with the limited available assets, giving consideration to the interests of
creditors and the avoidance of burdening the estate with undue waste or needless or fruitless
litigation. In re Del Grosso, 106 B.R. 165, 167-168 (Bankr. N.D. Ill. 1989) (citation omitted).
See also In re Culmtech, Ltd., 118 B.R. 237, 238 (Bankr. M.D. Pa. 1990); In re Lawrence &
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6
Erausguin, Inc., 124 B.R. 37, 38 (Bankr. N.D. Ohio 1990); In re Bell & Beckwith, 93 B.R. 569,
574-75 (Bankr. N.D. Ohio 1988).
21. The Court is not required to conclusively determine the merits of a claim
subject to compromise or to find that a proposed settlement constitutes the best results obtainable
to ensure that the settlement reaches the threshold of reasonableness. Instead, the Court should
canvass the issues to determine whether the proposed settlement is fair and equitable, is in the
best interests of the estate and otherwise does not fall outside the range of reasonableness. In re
Apex Oil Co., 92 B.R. 847, 866-67 (Bankr. E.D. Mo. 1988).
b. Salient Terms of the Stipulation
22. The proposed Stipulation generally provides for the following salient
terms:
a. The Trustee agrees to release the Equipment to Relational upon entry of an order
by the Bankruptcy Court approving this Stipulation and Relational shall be
authorized to arrange for the removal of the Equipment from Charyn.
b. Relational agrees to sell all of the remaining Equipment in the manner it deems
appropriate and necessary to achieve the best possible offer, provided such
method is commercially reasonable as such term is defined by the Uniform
Commercial Code in the State of California.
c. Relational will retain eighty percent (80%) of the net sale proceeds from the sale
of the remaining Equipment and will remit twenty percent (20%) of the net sale
proceeds to the Trustee, which shall be delivered no later than fifteen (15) days
after the closing on any sale.
NY1 473554v5 09/03/10
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d. Relational agrees to reimburse Charyn for all expenditures since the time the
Equipment was removed from the Debtors Office Premises, including cost of
removal, transportation and storage charges, not to exceed $6,500.
e. Relational will have 10 days from the entry of an order approving this stipulation
to remove the Equipment from Charyn. If Relational does not remove the
Equipment in that time, then on the 11
th
day following entry of an order, and
provided that Charyn cooperates with Relational concerning the removal of the
Equipment, Relational agrees to resume payment of all expenditures related to
obtaining, removing, transferring or storing the Equipment.
f. The Trustee will not challenge the reasonableness of any sale(s), except that he
will retain the right to assert a claim based upon fraud, willful misconduct or
gross negligence.
g. Relational will reduce its claim against the Debtors estate in an amount equal to
80% of the net sale proceeds recovered from the sale of the Equipment.
h. Except as otherwise specifically provided in the Stipulation, effective
immediately upon Bankruptcy Court approval of the Stipulation, Trustee and
Relational will exchange certain releases.
i. The Trustee will maintain his right to object to any proofs of claim filed by
Relational.
c. Approval of the Stipulation is Warranted
23. The Trustee submits that the Stipulation is reasonable based on all the
facts and circumstances of the case. The Stipulation allows for some recovery to the Debtors
estate and partially satisfies a significant lien against the Equipment without further need for
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8
evidentiary hearings or other protracted litigation which would require significant expenses by
the Debtors estate that could consume the entire estimated value of the Equipment.
24. The Stipulation at least partially reduces the amount of Relationals claim
while deferring all other claims issues until later in the case. The Stipulation also settles and
resolves all claims, rights, interests and causes of actions that either party may have against the
other with respect to the ownership of the Equipment. The Stipulation provides for the majority
of expenditures incurred with respect to the Equipment to be covered by Relational at a limited
expense to the Debtors estate. The proposed settlement also obviates the need for the Trustee to
defend a potential motion by Relational for relief from the automatic stay to pursue its pre-
petition action against the Debtor to resolve claims arising out of the disposition of this
Equipment. The Trustee believes that the 80/20 split of the net sale proceeds under the
Stipulation represents a fair settlement and a reasonable return to the Debtors estate under the
circumstances and in light of the disputed issues noted above.
25. For all the foregoing reasons, the Trustee believes the Stipulation
Relational with respect to the Equipment, in exchange for recognition of Relationals lien, is fair,
equitable, in the best interests of the Debtors estates and its creditors and well within the range
of reasonableness. Accordingly, the Trustee hereby seeks approval of the Stipulation.
NOTICE AND PROCEDURE
26. Contemporaneously with the filing of the Application, the Trustee filed
with the Court and served by first class mail a notice of the relief requested in this Application
upon counsel to Relational, Relational, the United States Trustee and all creditors and parties in
interest who are entitled to notice pursuant to Bankruptcy Rule 2002, and all other parties as
approved by the this Courts Order, dated February 24, 2010, [DE #88], authorizing the Trustee
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to limit notice in this case. The Trustee respectfully submits that notice of this Application has
complied with Bankruptcy Rule 2002 and is otherwise reasonable and appropriate, and that no
other or further notice of the relief requested herein is warranted or required.
NO PRIOR RELIEF
27. No previous application for the relief sought herein has been made to this
or any other court.
WHEREFORE, the Trustee respectfully requests that this Court enter an order:
(i) approving the Stipulation substantially in conformity with the proposed form of Order
annexed hereto as Exhibit B; and (ii) granting the Trustee such other and further relief as is just.
Dated: New York, New York
September 2, 2010
FOX ROTHSCHILD LLP
Counsel to the Chapter 7 Trustee
By: s/ Yann Geron
Yann Geron
Kathleen Aiello
100 Park Avenue, Suite 1500
New York, New York 10017
T: (212) 878-7900
F: (212) 692-0940

Chapter 7 Estate of Thelen LLP
Case # 09-15631
Make Model Serial # Property Tag # Comments
GROUP 1 Stainless Steel Shelves (4 shelf cart w/ wheels); The following inventory was counted on this rack:
1 Dell Optiplex GX110 BDQ110 Desktop computer tower w/ rolling cart
2 Digital Link VX Encore 120807AV00440 Loop-25 N.Y.
3 Digital Link VX Encore 1207100018 Loop-24 L.A. Data 1-14, Voice 15-23
4 NetApp X274B 3KS3GTMC Part Rev: A1; 144GB, 10KRPM, Universal FC Diskdrive
5 NetApp X274B 3KS3GHLM Part Rev: A1; 144GB, 10KRPM, Universal FC Diskdrive
6 NetApp X274B 3KS3H8LS Part Rev: A1; 144GB, 10KRPM, Universal FC Diskdrive
7 NetApp X274B 3KS3JTKA Part Rev: A1; 144GB, 10KRPM, Universal FC Diskdrive
8 Volex Cable-black 125V Quantity (7); Power Cables
9 NetApp X6518A 112-00018+A0 Part Rev: D0; 5M Optical Cable, LC/LC Ends
10 NetApp X6518A See comments
Part Rev: D0; 5M Optical Cable, LC/LC Ends; (2 Unopened boxes: Serial
#'s inside unopened box)
11 NetApp X6518A 112-00018+A0 Part Rev: D0; 5M Optical Cable, LC/LC Ends
12 NetApp X2050B See comments Part Rev: C2; FC HBA for Disk, Op (2), Rev B
13 NetApp X2050B See comments
Part Rev: C2; FC HBA for Disk, Op (2), Rev B; Disposable Wrist Band
inside
14 Network Appliance DS14 MK2/RS-1402 LBW655340091222 Long black shelf, 250A Drive bays
15 Network Appliance DS14 MK2/RS-1401 ISH044515000F628 SA1 Long black shelf, 250A Drive bays
16 Network Appliance DS14 MK2/RS-1401 SH044515000E878 Long black shelf, 250A Drive bays
17 Network Appliance DS14 MK2/RS-1401 SH044515000E2F1 SA2 Long black shelf, 250A Drive bays
18 NetApp FAS3020C 1053214 SFSA1
19 NetApp FAS3020C 1053213 SFSA2
20 HP BL2OP-G3 MO2YNFF1612 SFWESTKM1 146-GB15K ULTRA320 SCSI
21 HP BL2OP-G3 M06FMKT35K Server Empty
22 HP BL2OP-G3 M009MKT35K Server Empty
23 HP BL2OP-G3 M00FMKT35K Server Empty
24 HP BL2OP-G3 M00GMKT355 SFDBC2 Server - 72.8-GB 1JK ULTRA 320SCSI
25 HP BL2OP-G3/347956-B21 M030MKT34J SPDM1 Quantity (2); 72.8 GB 15K ULTRA 320SCSI
26 HP BL2OP-G3/347956-B21 USM63605P5 RUFU5 Quantity (2); 146.8 GB 15K ULTRA 320SCSI
27 HP BL2OP-G3/347956-B21 M01FNFH163 SFX3C1 Quantity (2); 146.8 GB 15K ULTRA 320SCSI
28 HP BL2OP-G3/347956-B21 M03LNFH163 Server Empty
Southern District of NY - Bankruptcy Court
29 HP BL2OP-G3/347956-B21 M037MKT364 SFDMW1 Quantity (2); 72.8 GB 15K ULTRA 320SCSI
30 HP BL2OP-G3/347956-B21 M06VMKT35C SFDM3 Quantity (2); 72.8 GB 15K ULTRA 320SCSI
31 HP BL2OP-G4 USM71401CA LEGAL KEY Quantity (2); 1 PORT 10K 146GB
32 HP BL2OP-G3/347956-B21 M03UNFH163
33 HP BL2OP-G3/347956-B21 M02ENFH163 EMPTY
34 HP BL2OP-G3/347956-B21 M001MKT355 SFDC2 Quantity (2); 72.8 GB 15K ULTRA 320SCSI
35 HP BL2OP-G3/347956-B21 MO1RNFF16R SFWESTKM2 Quantity (2); 146.8 GB 15K ULTRA 320SCSI
36 HP BL2OP-G3/347956-B21 M029WFH163 SFCMSH Quantity (2); 146.8 GB 15K ULTRA 320SCSI
37 HP BL2OP-G3/347956-B21 M01RMKT35C SFOBC1 Quantity (2); 72.8 GB 15K ULTRA 320SCSI
38 HP BL2OP-G3/347956-B21 M06TMKT35C SFDBEWK1 Quantity (2); 146.8 GB 15K ULTRA 320SCSI
39 HP BL2OP-G3/347956-B21 M06BMKT35K SFX3BB Quantity (2); 146.8 GB 15K ULTRA 320SCSI
40 BROTHER INTELLIFAX 4750e D7Q001241C FAX MACHINE
41 HP Q3723A JPFL753043 LARGE PRINTER
GROUP 2 CHAIRS:
42 Steelcase 4621211S Unknown Steelcase desk chair (color: Chocolate) w/ wheels
43 Steelcase 462LEAPX Unknown Steelcase desk chair (color: Purple) w/ wheels
44 Kielhauer Unknown 92690/1 Job # 152085-000 com Quantity (2); Chair (purple w/ no wheels)
45 Kielhauer Unknown PARLEZ-5201PC01 Chair (purple w/ no wheels)
46 Kielhauer Unknown 66450/2 Job# 100872-000 com Quantity (4); Chair (purple w/ no wheels)
GROUP 3 Small black cart w/ wheels and 3 shelves; manufactured by Gaylord Brothers; (the following inventory was counted on this cart):
47 Port-Notworthy Unknown 225415581 External CD Drive w/ cardbus cable II cable (see next line item)
48 Cable II Card Bus Unknown 16693 136 3999 0323 04310 Cable attached to External CD Drive (above)
49 Digital Link DL100 ENC-P-02 1197010012 T1 Digital Sevice Multiplayer
50 HP 2058881 EWL5MJS25P Server Blade storage unit?? (Empty steel casing)
51 JELCO Unknown 5540 Flight Case (empty)
52 RELEX RSX1530 Unknown Paper Shredder
53 Gaylord Brothers
GROUP 4 Red steel storage cart w/ wheels and 2 shelves; (the following inventory was counted on this cart):
54 CANON DR-7080C DB301628 Copier/printer (Equip ID# 6193-0390)
55 HP 2807385 EEVDMJS253 Server Blade storage unit?? (Empty steel casing)
56 LABTEC Unknown 91101ST-9946A Small Subwoofer (Black)
57 LABTEC Unknown 90824ST-9940A Small Subwoofer (Black)
58 BELKIN F1D108-OSD 3011048484 Omni View Pro 8-Port
59 Liebert NIC-ENCL2 NIC105092901000325 NIC Remote ENCL Assy 2 Card
60 HP 2807384 EEVCMJS253 008150 Server Blade storage unit?? (Empty steel casing)
GROUP 5 Green steel storage cart w/ wheels and 4 shelves; (the following inventory was counted on this cart):
61 Targus N/A N/A
Black Leather Case w/ power adaptor world pack; inside there were 15
adaptors with the following ID stickers: PHA-271, PHA-161, PHA-321,
PHA-031, PHA-151, PHA-051, PHA-251, PHA-121, PHA-131, PHA-011,
PHA-261, PHA-061, PHA-221, PHA-021, PHA-081
62 Targus N/A N/A
Black Leather Case w/ power adaptor world pack; inside there were 19
adaptors with the following ID stickers: PHA-121, PHA-061, PWR-115,
PHA-174, PHA-221, PHA-031, PHA-081, PHA-021, PHA-071, PHA-011,
PHA-261, PHA-051, PHA-251, PHA-131, PHA-321, PHA-151, PHA-161,
PHA-111, PHA-271
63 Targus N/A N/A
Black Leather Case w/ power adaptor world pack; inside there were 18
adaptors with the following ID stickers: PHA-111, PHA-271, PHA-161,
PHA-321, PHA-151, PHA-051, PHA-251, PHA-131, PHA-071, PHA-011,
PHA-261, PHA-031, PHA-021, PHA-081, PHA-221, PHA-121, PHA-061,
PHA-174
64 COMPAQ KB-9968 3892C800 Keyboard w/ slide rack case
65 COMPAQ TFT5010 125BL34CJ366 Monitor/screen on slide rack
66 HP Proliant DL 360 M0FWLGPD3G
(Server); NOTE: Sticky note attached reading, "Leases"
Lease ID REID-114
67 Riverbed Unknown D37JN00053533 (Server); Riverbed Steelhead
68 Riverbed Unknown D34TS00053653 (Server); Riverbed Steelhead
69 DATA DOMAIN DD510 8F45123029 (Server)
70 QUANTUM PX502 QP0625BDC00118 (Server)
71 iPolicy 4400 AZSW3490128 (Server); iPolicy Networks
72 iPolicy ISM300-EX 051200031MOE (Server); ISM Express
73 HP Proliant DL 360 6J2AJNT1N028 SFSQLDEV1 (Server)
74 HP Proliant DL 360 6J38LGP1W029 SFEXTRANET 1 (Server)
75 HP Proliant DL 360 D244LDN1D254 NYCA 1 (Server)
76 NORTEL NET NINTM74XC06GT Unknown (Server) Nortel Networks
77 Riverbed 3UAAALBL-00113-100 T26RP005222D (Server); Riverbed Steelhead
78 HP BL20p G3 M00YMKT355 SFDC1 (Server)
79 HP BL20p G3 M004MKT35C SFDM2 (Server)
80 HP BL20p G3 M01SNFH162 (Server); 2 missing drives
81 Unknown Unknown JW0000000075651 (Server?)
82 DELL POWER EDGE 1750 00019-111-814-548 (Server); Windows 2000 Server
83 COMPAQ Proliant DL 360 6J1BJ2S17019 SFIAWEB (Server)
84 DELL POWER EDGE 1750 00019-130-412-344 (Server); Windows 2000 Server
85 COMPAQ Proliant DL 360 6J17FSK1C004 SFIA5TEST (Server)
86 HP/COMPAQ Proliant DL 360 G5 USM63804B4 (Server); NOTE: Sticky note attached reading, "On Lease"
GROUP 6 Silver steel storage cart w/ wheels and 4 shelves; (the following inventory was counted on this cart):
87 HP 230769-001 E0JYJTK45V NEW; Still in box
88 HP LaserJet 2420 DN Printer SCNFJG20873
89 HP Surestore DLT80 USA4702588
90 HP LaserJet 4250n CNRXK70032 Sticker on unit reading: "Print, Inc. Machine ID: 083533"
91 Cisco Systems AIR-ANT3213 800-08861-01 Still in package
92 COMPAQ Unknown CT:TS12201 Peripheral unit hub w/ rack mounts
93 HP LaserJet 2430tn JPDGR02381 Sticker on unit reading: "Print, Inc. Machine ID: 081179"
94 HP LaserJet 2430tn CNBJF81508 Sticker on unit reading: "Print, Inc. Machine ID: 081101"
95 APC SBP5000RMT2U YA0803110487 Service Bypass Panel
96 APC Smart-Ups RT3000 Unknown Service Bypass Panel
97 HP LaserJet 4350n CNHXC72376 Printer
98 COMPAQ Unknown CT:K254A0ZQDNY07F Peripheral unit hub w/ rack mounts
99 HP LaserJet 2430tn JPDGR02212 2 stickers: "Zampa" and "Print, Inc. Machine ID: 081186
100 HP LaserJet P3005x CNJ1S78411
101 HP LaserJet 4350N USQF034420 Sticker on unit reading: "Print, Inc. Machine ID: 018778"
102 HP Surestore DAT40 IE30107951
103 APC SURT 3000XLT Y50439121476 Service Bypass Panel
104 APC Smart-Ups RT3000 Unknown Service Bypass Panel
GROUP 7 Silver steel storage cart w/ wheels and 4 shelves; (the following inventory was counted on this cart):
105 HP LASER JET 9050 dn JPFL753014 PRINTER
106 HP LASER JET 4250N CNRXK69703 "WALLACE" PRINTER INC. MACHINE ID: 001663
107 HP LASER JET 4100N USGNH15009
108 HP LASER JET 2430N SNGJF38763 PRINT INC MACHINE ID 081182
109 HP LASER JET 4050N USQL019970 PRINT INC MACHINE ID 018815
110 HP LASER JET2430TN JPGGR03669 PRINT INC MACHINE ID 081180
111 HP LASER JET 4050N USQCO74183 PRINT INC MACHINE ID 018776
112 HP LASER JET 4000N USMB078662 PRINT INC MACHINE ID 001129
113 HP LASER JET 4000N USEF.66193 PRINT INC MACHINE ID 018553 / "YALE"
114 CANON LASER CLASS 2050P UZX42558 PRINTER
115 HP LAER JET 1200 SERIES CNCB398695
116 HP LASER JET 4050N USQF034423 PRINT INC MACHINE ID 018772 / "LURLINE"
117 HP LASER JET 4100N USBNK33331 PRINT INC MACHINE ID 48862
118 HP LASER JET 4050N USBB232054 PRINT INC MACHINE ID 009034
GROUP 8 Silver steel storage cart w/ wheels and 4 shelves; (the following inventory was counted on this cart):
119 HP500 SHEET PAPER FEEDER JPBLJ92874 STICKY PAD: ENT6384947 SELECT 4824847
120 SYMBOL P0T3100-SE824000 M1H38F18R THELEN WRITTEN ON UNIT - PORTABLE SCANNER
121 SYMBOL MC3000 MC3000-RGOPBCB0000 WITH CHARGER ATTACHED - PORTABLE SCANNER
122 SCAN PLUS 0-320317-08-01 116240 SCANNER - WHITE WITH CORD
123 SCAN PLUS 0-320317-08-01 116235 SCANNER - WHITE WITH CORD
124 WELCH ALLYN SCAN TEAM2380 2380/B-2SQDE SCANNING PEN WITH CORD
125 WELCH ALLYN SCAN TEAM2380 2380/K-2SFDD SCANNING PEN WITH CORD
126 SYMBOL PDT 3100 V602464 PORTABLE SCANNER
127 SYMBOL 3100-SE824000 M1J19A32E PORTABLE SCANNER
128 LABTEC Unknown 91101ST-9946A SMALL SUBWOOFER
129 MISCELLANEOUS BOX OF POWER CORD - 21 INDIVIDUAL POWER CORD SETS
130 2 SMALL LOOSE CIRCUIT BOARDS
131 TELLAB 8012 FAX POWER SUPPLY (2) IN PINK BUBBLE WRAP
132 HP Unknown (see comments) Unknown (see comments) Box of HP Hardrives: 146.8 GB 15K ULTRA 320SCSI; Quantity (5)
133 HP Unknown (see comments) Unknown (see comments) Box of HP Hardrives: 36.4 GB 15K ULTRA 320SCSI; Quantity (2)
134 HP Unknown (see comments) Unknown (see comments) Box of HP Hardrives: 72.8 GB 15K ULTRA 320SCSI; Quantity (7)
135 HP Unknown (see comments) Unknown (see comments) BLACK KEYBOARD WITH SIDERACK BRACKETS
136 1 BOX OF MISC KEYS N/A N/A
137 BOX OF 4 SMALL CIRCUIT BOARDS
138 WHITE BOX WITH 11 MISCELLANEOUS SMALL SIXE CIRCUIT BOARDS
139 PORTABLE DVD DRIVE WITH USB CABLE
140 BOX FULL OF MISCELLANEOUS POWER CABLES, USB CABLES
141 DITITAL LINK VX Encore 1206040085 SJCSUT1 TI DIGITAL SERVICE MULTIPLAYER
142 ASCEND COMMUNICATION MX-20-TI-24 7511534
143 HP LASER JET 500 SHEET PAPER FEEDERCNCXP85486
144 COMPAQ LONG BLACK POWER CORD
145 COMPAQ TFT5600 RKM 9X25JTJ8G109 LAPTOP CONNECTED TO SLIDE RACK
146 DITITAL LINK VX Encore 1206040108 With cable cord conneted
147 HP LASERJET 4545MFP PRINT, INC. MACHINE # 080753 PRINTER
148 HP 2058880 EWL3MJS25P SERVER STORAGE CONTAINER - SEVERAL EMPTY DRIVER BAYS
149 Network Appliance DS 14/MKZ SHU4451500D276 SFSA2 SHELF WITH SEVERAL DRIVER BAYS
150 APC 450VA:280W/250VA-165W QS0432220424 POWERSTACK 450
151 APC 450VA:280W/250VA-165W QS0432220492 POWERSTACK 450
152 APC 450VA:280W/250VA-165W QS0431123516 POWERSTACK 450
153 APC 450VA:280W/250VA-165W QS0432120438 POWERSTACK 450
154 APC 450VA:280W/250VA-165W QS0432120276 POWERSTACK 450
155 APC 450VA:280W/250VA-165W QS0432200492 POWERSTACK 450
156 APC Unknown AS0349122452 START-UPS 750
157 APC Unknown AS039221768 START-UPS 750
158 SVEC PN500TB 7A1A1128 EQUITRAC 5-PORT ETHERNET MINI HUB WITH POWER CABLE
159 HP Unknown (see comments) Unknown (see comments) Quantity (12); 146.8 GB 15K ULTRA 320SCSI
160 HP Unknown (see comments) Unknown (see comments) Quantity (3); 36.4 GB 15K ULTRA 320SCSI
161 HP Unknown (see comments) Unknown (see comments) Quantity (4); 72.8 GB 15K ULTRA 320SCSI
162 HP Unknown (see comments) Unknown (see comments) Quantity (7); BLANKS DRIVER BAYS
GROUP 9 Cabinets:
163 CABINETS WITH GREY DOME TOP; QUANTITY (11)
164 WHITE CABINETS; QUANTITY (4)
GROUP 10
165 Cisco Systems Box of wires
Small box with 3 cables inside (Yellow Ethernet, Blue Phone, Power
Cable)
166 Cisco Systems Box of power adaptors Count: 4 units; AC/DC Power Adaptors
167 2 ft. long unopened box Unknown 2AS19RSTM06 (Unopened sealed box - unknown contents)
168 Unknown WS-X6148-GE-TX CNUIAL9AAA Switching Module - 48 ethernet ports
169 Unknown WS-X6148-GE-TX CNUIAL9AAA Switching Module - 48 ethernet ports
170 Compaq EvoN620c CNU33502DK Laptop w/ power cable
171 Toshiba P5428U-0Q1538 30489240U Laptop w/o power cable; Satellite Pro 4200 Series
172 Seagate ST3000000ET 3PM0KD8B Personal Server
173 Dell PowerVault 110T SG-ONP888-70561-8BA-G305
174 Cisco Systems Cisco RPS 675 CNMYAF8GAC DC Output Panel
175 Cisco Systems Cisco 2620 P/N: 47-10498-03 REV AO Cisco 2600 Series; Serial Number Unknown
176 Cisco Systems Cisco 3620 P/N: 47-11787-02 REV AO Cisco 3600 Series; Serial Number Unknown
177 Cisco Systems Cisco 2503 25181076 Cisco 2500 Series; Serial Number Unknown
178 Cisco Systems Catalyst 2950 Series FAB0530Q09T
179 Cisco Systems Catalyst 3550 Series CNMG230ARA
180 Cisco Systems Cisco 1111 M056LJHG37
181 Cisco Systems Cisco 4006 FOX062802Q4
182 HP Compaq Unknown MXL43505WT Desktop Computer Tower
183 HP Compaq Unknown USV3350282 Desktop Computer Tower
184 HP Compaq Unknown MXL7231D53 Desktop Computer Tower
185 HP Compaq Unknown MXL7470GSB Desktop Computer Tower
186 Gateway MFATXPNT-ESX500 P04 29486123 Desktop Computer Tower
187 HP Unknown MXL8110XKK Desktop Computer Tower
188 HP Compaq Unknown MXL6120DQV Desktop Computer Tower
189 HP Compaq Unknown MXL6120DLF Desktop Computer Tower
190 HP Compaq Unknown MXL6120D8R Desktop Computer Tower
191 HP Compaq Unknown MXL6120DNJ Desktop Computer Tower
192 HP Compaq Unknown MXL5330XRW Desktop Computer Tower
193 HP Compaq Unknown MXL61205PC Desktop Computer Tower
194 HP Compaq Unknown MXL6120CYW Desktop Computer Tower
195 HP Compaq Unknown MXL6120DM3 Desktop Computer Tower
196 HP Compaq Unknown MXL6120DM7 Desktop Computer Tower
197 HP Compaq Unknown MXL6120DDZ Desktop Computer Tower
198 HP Compaq Unknown MXL43305FT Desktop Computer Tower
199 HP Compaq Unknown MXL6120DKW Desktop Computer Tower
200 HP Compaq Unknown MXL64808BM Desktop Computer Tower
201 HP Compaq Unknown MXL70400BK Desktop Computer Tower
202 HP Compaq Unknown MXL7210QFW Desktop Computer Tower
203 HP Compaq Unknown MXL64808RM Desktop Computer Tower
204 Compaq DeskPro 6111FR4ZG996 Desktop Computer Tower
205 Compaq DeskPro 6107FR4ZD733 Desktop Computer Tower
206 Compaq DeskPro 6107FR4ZD823 Desktop Computer Tower
207 HP L1908w 3CQ826084P Computer Monitor (Flat Panel)
208 Princeton LCD 1711 INDF3405571 Computer Monitor (Flat Panel)
209 Princeton LCD 1708 INDH1290853 Computer Monitor (Flat Panel)
210 Princeton LCD 1711 INDF3400507 Computer Monitor (Flat Panel)
211 Princeton LCD 1708 INDH1290842 Computer Monitor (Flat Panel)
212 Princeton LCD 1708 INDG4388077 Computer Monitor (Flat Panel)
213 Princeton LCD 1708 INDH1290864 Computer Monitor (Flat Panel)
214 Princeton LCD 1700 WCCF0904724 Computer Monitor (Flat Panel)
215 Princeton LCD 17M-BLK WCCC1701973 Computer Monitor (Flat Panel)
216 Princeton LCD 1708 INDG4386635 Computer Monitor (Flat Panel)
217 Princeton LCD 1708 INDG4388133 Computer Monitor (Flat Panel)
218 Princeton LCD 1708 INDH1290825 Computer Monitor (Flat Panel)
219 Dell Unknown CN-OY4299-71618-584-AHA2 Computer Monitor (Flat Panel)
220 Princeton LCD 1911 INEG081336 Computer Monitor (Flat Panel)
221 Princeton LCD 1711 INDG0701110 Computer Monitor (Flat Panel)
222 Princeton LCD 1708 INDH1290841 Computer Monitor (Flat Panel)
223 Princeton LCD 17M-BLK WCCC17011971 Computer Monitor (Flat Panel)
224 Princeton LCD 1708 INDH1290817 Computer Monitor (Flat Panel)
225 Princeton LCD 17M-BLK WCCC17019444 Computer Monitor (Flat Panel)
226 Princeton LCD 1708 INDH1290826 Computer Monitor (Flat Panel)
227 HP Undocumented Undocumented Count: 4 units; Black Keyboards
228 Meridian Undocumented Undocumented Count: 45 units; Multiline landline telephones (Black)
229 NetApp DS14 MK2 AT 3058335 (system S/N) Disk Shelf (77 lbs.)
230 NetApp DS14 MK2 FC 3058335 (system S/N) Disk Shelf (77 lbs.)
231 NetApp DS14 MK2 FC NA0000000376672 (system S/N) Disk Shelf (77 lbs.)
232 NetApp DS14 MK2 FC 1053213 (system S/N) Disk Shelf (77 lbs.)
233 NetApp DS14 MK2 FC 3058335 (system S/N) Disk Shelf (77 lbs.)
234 ScanPlus ScanPlus SP Undocumented Count: 4 units; Hand held scanners w/ box of power adaptors
235 HP HP Color LaserJet 4600 JPHKG03832 Printer; Sticker: "Print ID #080969"
236 HP HP Color LaserJet 4250n CNRX514223 Printer; Sticker: "Print ID #080969"
237 HP HP Color LaserJet M4345 CNBR6BQ01X MFP Series
238 Princeton LCD 1911 INEO0802500 Computer Monitor (Flat Panel)
239 Princeton LCD 1710 JCCF2000661 Computer Monitor (Flat Panel)
240 Princeton LCD 1708 INDG4000880 Computer Monitor (Flat Panel)
241 Princeton LCD 1708 INDG4386630 Computer Monitor (Flat Panel)
242 Princeton LCD 1911 INEG0802606 Computer Monitor (Flat Panel)
243 HP L1906 CNN7211NLT Computer Monitor (Flat Panel)
244 HP Compaq Unknown MXL6120F2V Desktop Computer Tower
245 HP Compaq Unknown MXL6120DNC Desktop Computer Tower
246 Compaq Undocumented Undocumented Count: 1 unit; keyboard
247 Magnovox FDC195 8910941
2-Way Speaker System/Amplifier with cassette tape, cd and vinyl
media player
248 Dictaphone 3750 Unknown Count: 3 units; Voice processor w/ wires
249 Cabinets w/ Dome Top Unknown Unknown Count: 7 units; Cabinets w/ Dome Top
NY1 473554v5 09/03/10
Exhibit B
UNITED STATES BANKRUPTCY COURT
SOUTHERN DISTRICT OF NEW YORK
-----------------------------------------------------x
In re :
: Chapter 7
THELEN LLP, :
: Case No. 09-15631 (ALG)
Debtor. :
-----------------------------------------------------x
ORDER, PURSUANT TO FED. R. BANKR. P. 9019, APPROVING A CERTAIN
STIPULATION OF SETTLEMENT ACKNOWLEDGING THE LIEN OF RELATIONAL,
LLC ON CERTAIN OF THE DEBTORS REMAINING FURNITURE AND EQUIPMENT
AND REMITTING CERTAIN PERCENTAGE OF SALE PROCEEDS TO THE DEBTORS
ESTATE
Upon the application, dated September 1, 2010 (the Application), of Yann
Geron, as chapter 7 Trustee of the estate of Thelen LLP, the above captioned debtor (the
Debtor), for an order approving a stipulation dated August 31, 2010 (the Stipulation),
between: the Trustee acting on behalf of Thelen LLP and Relational, LLC (Relational)
(collectively, the Parties), recognizing the lien of Relational on substantially all of the Debtors
remaining furniture and equipment (the Equipment), remitting twenty (20) percent of the net
proceeds of the sale of the Equipment to the Debtors estate and covering costs of Charyn
Auctions in the amount of $6,500 and settling all disputes between the Parties, as to the rightful
owner of the Debtors Equipment, as further detailed in the Application; and it appearing that
good and sufficient notice of the Application has been provided; and due consideration having
been given to any responses received; and for good and sufficient cause; it is hereby
ORDERED, that the Stipulation be, and it hereby is, approved to the extent
provided below; and it is further
NY1 473554v5 09/03/10
2
ORDERED, that the terms of the Stipulation are hereby authorized and approved;
and it is further
ORDERED, that Trustee and Relational be, and they hereby are, authorized and
directed to take such further actions as are necessary to consummate the terms of the Stipulation.
Dated: New York, New York
_______________, 2010
HONORABLE ALLAN L. GROPPER
UNITED STATES BANKRUPTCY JUDGE