On April 20, 2009, the United States Securities and Exchange Commission filed its complaint against Founding Partners Capital Management Co. (“Founding Partners”) and William L. Gunlicks, alleging that Founding Partners and Mr. Gunlicks had engaged, and were engaging in, violations of the federal securities laws. After reviewing the SEC’s submission, on April 20, 2009, Judge John E. Steele of the United States District Court for the Middle District of Florida entered an Order Freezing Assets of Founding Partners and Mr. Gunlicks (the “Asset Freeze Order”). The Asset Freeze Order also applies to Founding Partners Stable-Value Fund, L.P., Founding Partners Stable-Value Fund II, L.P., Founding Partners Global Fund, Ltd., and Founding Partners Hybrid-Value Fund, L.P. (collectively, the “Founding Partners Funds”).

Judge Steele also entered an Order on April 20, 2009 appointing a Receiver over Founding Partners and the Founding Partners Funds (collectively, the “Receivership Entities”). On May 13, 2009, that Receiver was removed by Court Order and Daniel S. Newman, Esq. was appointed Receiver by the Court over the Receivership Entities on May 20, 2009.

This website has been set up by Daniel S. Newman, Esq. as the Court-appointed Receiver. The Receiver will update this website on a regular basis to keep investors informed of the progress of the Receivership. I encourage anyone with questions about the Receivership to contact us.

On December 9, 2011, the Receiver and Sun Capital Healthcare, Inc., Sun Capital, Inc., and HLP Properties of Port Arthur, LLC filed their Joint Motion for Expedited Approval of Proposed Procedure to Obtain Court Approval of the Proposed Settlement Transaction in the litigation styled Daniel S. Newman, as Receiver for Founding Partners Capital Management Company; Founding Partners Stable-Value Fund, L.P.; Founding Partners Stable-Value Fund II, L.P.; Founding Partners Global Fund, Ltd.; and Founding Partners Hybrid-Value Fund, L.P. vs. Sun Capital, Inc., Sun Capital Healthcare, Inc., and HLP Properties of Port Arthur, LLC.  On December 27, 2011 the Court entered its Order Approving Settlement Transaction and Scheduling Deadlines. In accordance with that Order, the Receiver has caused a Disclosure Package to be mailed to all investors in the receivership funds. The Disclosure Package can also be found by clicking here: Disclosure Package or by clicking on the Receiver’s Updates link above. 

In accordance with the Receiver's email, the confidential materials can be accessed with your specific username number and password by clicking here.

FOR CURRENT NEWS, PLEASE SEE "RECEIVER'S UPDATES AND REPORTS" SECTION