|Robert P. Mosier
P. Mosier is President and Chief Executive Officer of Mosier &
Company. His specialty since 1974 has been turnarounds and
dissolutions. Since 1985, he has applied these skills as a
Court-appointed fiduciary in State and Federal Court and Federal
Total Court assignments exceed
540 cases in a variety of capacities ranging from President and CEO,
Chief Responsible Officer, Receiver, Trustee, Examiner, Examiner with
Expanded Powers, and Provisional Director. He has served as the
Court’s own Referee, Special Master, and Expert Witness. Projects
generally fit into two categories: (a) operating companies or (b)
complex real estate projects.
The largest case to
date is ongoing – a Federal Court, regulatory receivership for Private
Equity Management Group or PEMG – a company alleged to have been
running a $1 billion Ponzi scheme. The assets slated for recovery in
the Receivership estate exceed fifty and are located on three
continents and include coal mines in China, oceanfront acreage in
Costa Rica, timeshare interests in Vancouver BC (plus Hawaii and Napa,
Ca), oil and gas interests in Russia in addition to multiple real
estate projects and loans to operating companies in the US. The most
notable was an historic sixteen story, 140,000 square foot office
building in the heart of San Francisco’s financial district. One of
the more unique PEMG assets is a portfolio of life insurance policies
worth an estimated $275 to $335 million over time. Long-term, recovery
for the defrauded investors is expected to be 25% to 50% of the
outstanding value of their investments.
has also served as a court-approved President & CEO of two Chapter 11
Debtors: (1) United Education & Software – a one-time $100 million,
publicly traded company specializing in proprietary education and (2)
Premier Laser Systems, Inc., a one-time $200 million market cap
company specializing in laser applications in a variety of medical
fields. Please see the Case Update Section for a more complete
description of these cases and the results.
In the category of State Court Receiverships (the
majority of the Court assignments), Mr. Mosier has taken financial
control of a variety of operating companies and real estate projects.
These generally result from (a) lender defaults, (b) ownership
disputes, or (c) judgments obtained by a third party litigant. For
operating companies, assignments include turnarounds, dissolutions,
and dispute resolutions. On the real estate side, he has disposed of
several thousand acres of raw land in various stages of development
and some real estate has been further developed in order to improve
yields for harmed investors. Management, control and sale of
commercial office buildings, warehouse space, strip shopping centers
and multifamily housing projects round out this experience. Mr. Mosier
has also overseen the build-out of shopping centers, condos, housing
developments and luxury homes.
appointments include Interim Trustee in contested probate matters,
provisional Director in corporate disputes where the board of
directors is deadlocked, accounting referee to provide the Court and
the parties with a neutral accounting, and as special master in cases
that do not warrant the appointment of a Receiver.
Education includes post graduate work at Harvard
Business School in corporate governance, insolvency, valuation and
debt management. Mr. Mosier is an inaugural participant in Pepperdine
Law School’s insolvency mediation program that was launched in the mid
1990s. Mr. Mosier earned a Masters Degree from the American Graduate
School of International Management and an undergraduate degree in
business from Arizona State University.
is Co-Founder of the California Receivers Forum and currently serves
as Publisher of Receivership News, a quarterly journal dedicated to
improving standards in the receivership community. He is past
President of its State Board and has served as the Co-Chair of Loyola
I, III and IV – multi day educational programs on the subject of
Receiverships co-sponsored by the Receivers Forum and Loyola Law
School. Mr. Mosier is a frequent lecturer on the subject of
Receivership and insolvency; recent engagements include the Loyola
series, the Turnaround Management Association, Bar Associations, the
American College of Business Court Judges and Chapman Law School. Mr.
Mosier's published articles include The History and Profile of a
Financially Troubled Company and The Consensual Receivership:
Improving the Odds for a Financially Successful Remedy.