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Mar 18, 2009

Re Sagecrest Dixon Inc.

This application was brought pursuant to s. 18.6 of the Companies’ Creditors Arrangement Act (“CCAA”) for a declaration that the Applicant is entitled to avail itself of the provisions of s. 18.6 of the CCAA for recognition of the proceedings commenced by the Applicant and its indirect parent, SageCrest II, LLC (“SageCrest II”) under Chapter 11 of the United States Bankruptcy Code (the “U.S. Bankruptcy Code”) in the United States Bankruptcy Court, District of Connecticut, Bridgeport Division (the “U.S. Bankruptcy Court”) as a “foreign proceeding” for the purposes of the CCAA, for a stay of proceedings and other ancillary relief.

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