Read the temporary restraining order. Tempus Intermediate Holdings (TIH) was already in the process of transferring assets before Johan Eliasch stepped in and filed a restraining order.
14. Terry and the BST Trust own 50.96% of the membership interests in TIH
17. John G. Gulbin (“Gulbin”) and the JGG 2011 Irrevocable Trust (the “JGG Trust)”
collectively own 48.37% of the membership interests in TIH.
19. On Wednesday, February 1, 2017, Terry’s counsel, Roy M. Terry, informed counsel for Firefly, and Johan Eliasch, the beneficial owner of Firefly, that Terry and Gulbin are in the process of separating their business interests and intend to distribute certain assets of TIH
amongst themselves. Specifically, Roy M. Terry has explained that Tempus Aircraft Sales & Service, LLC (“TASS”), will be distributed to Gulbin, and the remaining assets of TIH with some exceptions, will be distributed to Terry.
