Print  |  Email  |  Home

General Information


Receivership in SEC v. John V. Bivona, et al., Case No. 3:16-cv-01386-EMC


General Information

This is the website of successor Receiver, Kathy Bazoian Phelps. On February 28, 2019, Ms. Phelps was appointed as the Successor Receiver in the case of Securities and Exchange Commission v. John V. Bivona, Saddle River Advisors, LLC, SRA Management Associates, LLC, and Frank Mazzola, Case No. 3:16-cv-1386, in the United States District Court for the Northern District of California. The case was originally filed on March 22, 2016, and on October 11, 2016, Sherwood Partners, Inc. was appointed and served as Receiver until the appointment of Ms. Phelps as successor receiver.

The Receivership is imposed over the following entities: SRA Management Associates, LLC, and relief defendants SRA I LLC, SRA II LLC, SRA III LLC, Clear Sailing Group IV LLC, Clear Sailing Group V LLC, as well as the stipulating affiliated entities, Felix Multi-Opportunity Fund I LLC, Felix Multi-Opportunity Fund II LLC, Felix Management Associates LLC, NYPA Fund I LLC, NYPA Fund II LLC and NYPA Management Associates LLC.

The purpose of this website is to provide convenient access to information about the receivership, including status reports from the Receiver, copies of pleadings filed in the case, and Frequently Asked Questions (FAQs). The website will be updated periodically, and all creditors, investors and parties in interest are encouraged to check the website for updates. If you require further information not contained in this website, you may Contact Us.


Recent Updates

The Receiver has filed her Proposed Plan of Distribution and Comments to the pending distribution plan, which are set for hearing on June 27, 2019.

The Receiver has posted all known claims of Creditors and Investors, and claimants are identified by Investor I.d. Number which has separately been sent to them. If you have not received your investor number, please contact the receiver at [email protected].  

February 28, 2019: The Court entered an order appointing Ms. Phelps.

The Court set a continued hearing on the form of the distribution plan for June 27, 2019 at 10:30 a.m.  

The Court authorized the limited reopening of the claims bar date until May 14, 2019 for claims to be filed for those persons who have not previously received notice of a claims bar date.  The Proof of Claim form can be found here.  Please do not submit another claim form if you have already submitted a claim form in connection with this case.


Court Filings

Please click on the following links to view copies of:

            The Receiver’s Reports

            Court-Filed Documents

Receiver’s Proposed Plan of Distribution



About The ReceiverFAQFilings / Court DocumentsContact The Receiver