Richards Asset Management Trust, et al. - Page 9




                                        - 9 -                                         
          prosecution and to impose sanctions under section 6673 in each of           
          the cases at docket Nos. 10765-00 and 10766-00.                             
               On December 3, 2001, the Court sua sponte issued separate              
          Orders (December 3, 2001 Show Cause Orders) directing each party            
          in the case at docket No. 10764-00 in which Richards Asset                  
          Management Trust is named as petitioner and in the case at docket           
          No. 10767-00 in which Richards Charitable Trust is named as                 
          petitioner to                                                               
               show cause in writing why the Court has jurisdiction                   
               over this case, including the identity of any purported                
               fiduciary of petitioner and a detailed analysis of why                 
               such purported fiduciary has the capacity to litigate                  
               in the Court on behalf of petitioner.                                  
               On December 19, 2001, respondent filed separate written                
          responses to the December 3, 2001 Show Cause Orders in the cases            
          at docket Nos. 10764-00 and 10767-00 in which respondent con-               
          tended, inter alia, that Richards Management Trust and Richards             
          Charitable Trust, respectively,                                             
                    11.  * * * failed to establish that a trustee, if                 
               authorized, acted on its behalf when the purported                     
               petition was filed with the Court on October 16, 2000.                 
                    12.  * * * failed to file a proper petition with                  
               this Court in that the petition was not brought by and                 
               with the full descriptive name of the fiduciary enti-                  
               tled to institute a case on its behalf.                                
          Respondent further argued in those separate responses to the                
          December 3, 2001 Show Cause Orders in the cases at docket Nos.              
          10764-00 and 10767-00 that                                                  
               Since the petition in this case was not brought by a                   





Page:  Previous  1  2  3  4  5  6  7  8  9  10  11  12  13  14  15  16  17  18  19  20  Next

Last modified: May 25, 2011