OM-Monitor Receivership

James D. Sallah, Esq.
Corporate Monitor

Jeffrey C. Schneider, P.A.
Patrick J. Rengstl, Esq.
Counsel for Corporate Monitor

PAYTON & ASSOCIATES, LLC
    and
LEVINE KELLOGG LEHMAN SCHNEIDER + GROSSMAN LLP
Attorneys at Law
Telephone: (305) 372-3500 x23
Email: rengstl@payton-law.com

Latest News

August 4, 2015

The Corporate Monitor has filed his Tenth Report, which summarizes the case from April through the present. The link to the Tenth Report is below for review.

July 23, 2015

The United States of America, through the Fraud Section of the Criminal Division of the United States Department of Justice and the United States Attorney’s Office for the Middle District of Florida, has filed criminal charges against Gignesh Movalia relating to OM Global. Mr. Movalia has signed a Plea Agreement for one count, which charges him with investment adviser’s fraud in violation of 15 U.S.C. § 80b-6. The elements of the criminal charge are: (i) Mr. Movalia is an investment adviser regarding investments in securities; (ii) Mr. Movalia used the mail or interstate commerce to defraud investors; and (iii) Mr. Movalia did so knowingly and willfully. The charge carries a maximum term of imprisonment of five (5) years.

The plea date, on which the Court will accept or reject the Plea Agreement, is August 13, 2015. If the Court accepts the plea, a sentencing hearing will then be scheduled. It is anticipated that a sentencing hearing would occur a few months after the August plea date. Links to the Plea Agreement and the Information charging Mr. Movalia are below.

More News

Lawsuits Filed by the Corporate Monitor

The following documents are in PDF format. Adobe Reader is required to view the PDF's. If you do not have Adobe Acrobat, please click here to download the free Adobe Reader.

JAMES D. SALLAH, not individually but solely in his capacity as Corporate Monitor for OM GLOBAL INVESTMENT FUND LLC and OM GLOBAL LP v. CHHATRALA GROUP, LLC and COLUMBIA DOWNTOWN, LLC.

  • Complaint filed October 9, 2013 [Click to Download]
  • Corporate Monitor’s Motion for Default and Default Final Judgment against Defendants filed November 26, 2013 [Click to Download]
  • Default and Default Judgment, dated December 18, 2013 [Click to Download]

JAMES D. SALLAH, not individually but solely in his capacity as Corporate Monitor for OM GLOBAL INVESTMENT FUND LLC and OM GLOBAL LP v. AJAY MEHTA.

JAMES D. SALLAH, not individually but solely in his capacity as Corporate Monitor for OM GLOBAL INVESTMENT FUND LLC and OM GLOBAL LP v. FAHRENHEIT VENTURE FUND LLC.

JAMES D. SALLAH, not individually but solely in his capacity as Corporate Monitor for OM GLOBAL INVESTMENT FUND LLC and OM GLOBAL LP v. ANKUR PATEL.

JAMES D. SALLAH, not individually but solely in his capacity as Corporate Monitor for OM GLOBAL INVESTMENT FUND LLC and OM GLOBAL LP v. PARESH PATEL.

JAMES D. SALLAH, not individually but solely in his capacity as Corporate Monitor for OM GLOBAL INVESTMENT FUND LLC and OM GLOBAL LP v. UMAD AHMAD.

JAMES D. SALLAH, not individually but solely in his capacity as Corporate Monitor for OM GLOBAL INVESTMENT FUND LLC and OM GLOBAL LP v. JAGDISH GANDHI.