PACA claims deadline set in Delta/Superior case

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TOMATOES — F.O.B.S AS OF MAY 14

CENTRAL AND SOUTH FLORIDA DISTRICTS — Shipments (433-454-398) — Movement expected to increase. Trading moderate. Prices 5x6s higher, others lower. Extra services included. 25-pound cartons loose mature-greens 85% U.S. 1 or better 5x6s $8.95-9.95, 6x6s $7.95-8.95, 6x7s $7.95-8.95. Quality generally good.

MEXICO CROSSINGS THROUGH NOGALES, ARIZ. — Crossings (152-146-159, greenhouse 124-123-137, vine-ripes 28-23-22) — Movement expected to decrease seasonally. Supplies 4x4 to 4x5s light. Trading 4x4 to 4x5s fairly active, others slow. Prices 4x4 to 4x5s higher, others generally unchanged. Field-grown and greenhouse cartons/flats two-layer 4x4s mostly $9-10, 4x5s mostly $7.95-9, 5x5s mostly $4.99-5, 5x6s $4.64-5. Quality variable.

MEXICO CROSSINGS THROUGH OTAY MESA, CALIF. — Crossings (8-8-11, greenhouse 7-7-9, vine-ripes 1-1-2) — Movement expected to increase seasonally. Supplies in too few hands to establish a market. Quality generally good. The first f.o.b. report was expected to be issued the week of May 21.

WEST FLORIDA DISTRICT — Shipments (0-0-0) — Light harvest expected to start the week of May 28. Expect first f.o.b. by the first week of June.

U.S. SHIPPING POINTS — Greenhouse (54-56-**) — No prices reported. **unavailable

CANADA SHIPPING POINTS — Greenhouse (149*-150-**) — No prices reported. **unavailable, *revised

The USDA has reported proceedings against these companies — See more...
RBCS has recently changed the credit rating
on these companies — See more...
RBCS has reported profile changes for these companies — See more...

Home > News > Handling & Distributing > PACA claims deadline set in Delta/Superior case

Handling & Distributing

PACA claims deadline set in Delta/Superior case

02/14/2012 3:01:07 PM
Coral Beach

Produce companies that are owed money by Delta Produce LP or Superior Tomato-Avocado Ltd. have until March 2 to file Perishable Agricultural Commodities Act claims.

The U.S. Bankruptcy Court in the Western District of Texas, San Antonio Division, set the deadlines in an unusual order requested by lawyers representing both sides of the issue, said Craig Stokes, of Miami-based Stokes Law Office LLP, appointed as special PACA counsel. The law firm has a San Antonio office.

The judge also ordered a website — www.omnimgt.com/DeltaProduce-SuperiorTomatoAvocado — be maintained so interested parties can review pleadings and orders entered in the case. Claim forms are available on the website.

“The goal is to make this as transparent as possible for all parties,” Stokes said. “This is very unusual and would not have been possible without the cooperation and agreement of (opposing) counsel.”

Stokes said companies listed as creditors in the consolidated Delta/Superior bankruptcy case must file PACA claims in addition to any claims they may have filed related to the bankruptcies.

He said he expects the PACA claims will total $3.5 million to $4 million.

“The claims are starting to trickle in,” he said Feb. 14. “We just got the first one last week.”

The judge set a schedule to follow the March 2 PACA claim deadline that includes opportunities for objections and responses. He set July 9 as the deadline for notices of resolutions and motions to determine validity of claims.

After objections are resolved, Stokes will create an amended PACA Trust Chart and meet with creditors to discuss an interim distribution and what amount should be held back for future claims.

“I think there is a very strong possibility that we will be able to make whole the Delta (PACA) creditors,” Stokes said. “There is also a good chance we will be able to make whole all of Superior’s (PACA) creditors, too.”

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PACA claims deadline set in Delta/Superior case

02/14/2012 3:01:07 PMCoral Beach

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02/14/2012 3:01:07 PM
Coral Beach