Frequently Asked Questions
What happened at the Oxton and Manor House assisted living facilities (ALFs)?
On January 20, 2017, the Securities and Exchange Commission filed a Complaint in the United States District Court for the District of New Jersey against Dwayne Edwards, Todd Barker, and various other individuals and entities, including Oxton Senior Living, LLC and several related entities operating in the form of assisted living facilities (ALFs). The Court entered, among other orders, an Order Appointing Receiver on January 20, 2017 (the “Receivership Order”). Derek Pierce of Healthcare Management Partners, LLC has been appointed the receiver (the “Receiver”) in this matter over the Receivership Entities (as defined in the Receivership Order which can be found at insert link to the Receivership Order).
What is a receiver?
A receiver is an individual appointed by a court to control and administer assets when there is a danger that, in the absence of such an appointment, the assets might be lost, removed, or injured. In this case, the court has taken control over the Receivership Entities away from the defendants and given control over the Receivership Entities to the Receiver.
Can I see the Complaint and Orders?
Yes. These can be found on the Key Court Documents page.
I am a bondholder of one of the Receivership Entities, will I get all of my money back?
It is too soon to determine how much investors will receive or when. The Receiver is working to protect and liquidate the Receivership Entities’ assets, but there is no way to predict at this early date how much money will be returned to bondholders or when that will happen.
Should I hire a lawyer?
While we cannot provide you legal advice, you certainly have the right to hire or consult with your own lawyer. As authorized by the Court, however, the Receiver will be investigating all potential claims or methods of recovery that he can pursue for the benefit of bondholders.
Is the Receiver my lawyer?
No. The Receiver is an agent of the Court and is effectuating the Court’s orders. The Receiver will, however, be investigating potential claims or methods of recovery that he can pursue for the benefit of bondholders.
I am a vendor to one or more of the ALFs with open, unpaid invoices, will I be paid?
At this point, the disbursement of funds from the Receivership entities will be made in a way that most protects and preserves the assets of the receivership estate. The Receivership Order provides for giving first priority to the repayment of secured indebtedness of the Receivership Entities, and the remainder disbursed according to further order of the Court. In the coming months, it is possible that the Receiver will establish a claims process to allow vendors to make claims on the assets of the Receivership Entities. If that occurs, the Receiver will post instructions for making a claim on this website.
How long does the receivership process normally take?
There is no set timeline.
How can I stay informed of progress in this case?
The Receiver has established a special website, www.oxtonseniorlivingreceivership.com, that will be updated from time to time.
What does the Receiver plan to do with the Receivership Entities?
The Receiver plans to continue operating the ALFs until they can be sold.
How do I submit a claim?
There is no claims process at this time.
If I have other questions, how can I get them answered?
You may contact the Receiver via email at email@example.com.