SG STONEGATE ASSET COMPANY I, LLC v. GSC ENTERPRISES, INC., et al.
CASE NO. 1:25-cv-07909
UNITED STATES DISTRICT COURT
FOR THE NORTHERN DISTRICT OF ILLINOIS EASTERN DIVISION
IMPORTANT ANNOUNCEMENT & DEADLINE
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NOTICE OF HEARING ON RECEIVER’S MOTION TO APPROVE SETTLEMENT WITH AMAZON.COM SERVICES LLC AND AMAZON LOGISTICS, INC. PLEASE TAKE NOTICE AS FOLLOWS:
1. On April 3, 2026, Matthew Brash of Newpoint Advisors Corporation, not individually, but solely in his capacity as receiver (“Receiver”) in the above-captioned case filed the Receiver’s Motion for Entry of an Order Approving Settlement with Amazon.com Services LLC and Amazon Logistics, Inc. (“Motion”) [ECF 244]. A copy of the Motion can be seen here.
2. Prior to the Receiver’s appointment, GSC Logistics, Inc. filed an action against Amazon.com Services LLC and Amazon Logistics, Inc. in the United States District Court for the Southern District of New York, pending as Case No. 23-cv-05368 (JGLC) (the “Litigation”). The Receiver is prosecuting the Litigation on behalf of the receivership estate. In the Motion, the Receiver seeks authority to settle the Litigation for $10,000,000 pursuant to the terms of the Settlement Agreement, dated as of March 25, 2026.
3. Any response or objection to the Motion must be filed on or before April 17, 2026 (the “Objection Deadline”) with the United States District Court for the Northern District of Illinois, 219 S. Dearborn Street, 20th Floor, Chicago, Illinois 60604 either electronically via the Court’s CM/ECF system at www.ilnd.uscourts.gov (Court issued password required), in person, or by mail delivery.
4. If any timely response or objection is filed, a hearing on the Motion will be held on April 23, 2026 at 9:45 a.m. before the Honorable Judge Manish S. Shah in Courtroom 1919 of the U.S. District Court of the Northern District of Illinois, Eastern Division, 219 South Dearborn Street, Chicago, Illinois.
IF NO OBJECTION OR OTHER RESPONSE IS TIMELY FILED AS PROVIDED HEREIN, THE COURT MAY GRANT THE RELIEF REQUESTED IN THE MOTION WITHOUT FURTHER NOTICE OR HEARING.
General Information
On July 10, 2025, GSC Enterprises, Inc., GSC Logistics, Inc., Best Way Trucking, Inc., GSC National Transportation, Inc., GSC Solutions, Inc., GSC Transport, Inc., MacMillan-Piper LLC, Tacoma Transload LLC, GSC Logistics Norcal Brokerage, Inc., and GSC Logistics PNW Brokerage, Inc. (collectively, the “Companies”) ceased operations and terminated all employees.
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On July 15, 2025, the United States District Court for the Northern District of Illinois, in the matter of SG Stonegate Asset Company I, LLC v. GSC Enterprises, Inc., et al., Case No. 25-cv-07909, appointed a limited receiver (the “Receiver”) for the Companies. Subsequently, on July 31, 2025, the Court entered the Amended Order Appointing Receiver (the “Amended Order”) in the same action. A copy of the Amended Order can be found here.
A federal receivership is an equitable proceeding in a United States District Court. The Receiver is an agent of the Court appointed to administer and liquidate the assets of the Companies. The Receiver does not represent the Companies or their principals, and has been appointed as a neutral, impartial third-party.
Since his appointment, the Receiver has been working diligently to secure the Companies’ property, restore access to the Companies’ computer systems, and communicate with former employees, vendors, and customers. The Receiver is also working to account for all inventory, return freight to customers, and sell assets in order to maximize recoveries for the benefit of the Companies’ creditors.
As explained in the Amended Order, all persons are prohibited from, among other things, interfering with or hindering in any way the Receiver in the performance of his duties or interfering with or hindering the Receiver’s access to the Companies’ property.
Any sale of assets outside the ordinary course of business, approval of creditors’ claims and/or any distribution to creditors is subject to Court approval after notice and an opportunity for hearing to creditors and other parties in interest.
In the next few weeks, the Receiver will be requesting that the Court establish a claims process for all employees and other creditors to assert claims and causes of action against the Companies. You will receive a more formal notice explaining the process and deadlines for filing claims after it is approved by the Court.
The Receiver looks forward to resolving these matters in an orderly and expeditious fashion. Thank you in advance for your patience as we proceed through this Court-ordered process.