Evidence Record
Fn Legalist Ucc1 California Datron 20240401
STATE OF CALIFORNIA Office of the Secretary of State UCC FINANCING STATEMENT (UCC 1) California Secretary of State 1500 11th Street Sacramento, California 95814 (916) 657-5448
DISTIL analysis
DISTIL Run
Profile
Standard
Version
1
Doc Type
UCC-1 Financing Statement
Total Nodes
12
Node Legend
Entity (ENT)
Event (EVT)
Claim (CLM)
Anchor (ANC)
Omission (OMI)
Tension (TEN)
Tell (TEL)
Inference (INF)
Hypothesis (HYP)
Stage 1
Index
Orientation · No nodes
Document Classification
UCC-1 Financing Statement California Secretary of State secured_transactions_commercial_law 2024-04-01
blanket_lienall_assets_collateralspecial_purpose_vehicle
Analytical Frame
perfected_security_interest
Analytical Summary
On April 1, 2024, Legalist SPV III, LP filed a UCC-1 Financing Statement with the California Secretary of State, establishing a perfected security interest against Datron World Communications, LLC. The filing covers all assets of the debtor, representing a blanket lien with maximum collateral scope. The secured party is a special purpose vehicle, suggesting structured litigation finance or commercial lending. The Vista, California-based debtor company granted comprehensive security rights, creating a priority claim against its entire asset base. This broad collateral description raises questions about the underlying transaction nature and whether specific asset classes were intended for exclusion.
Key Points
- Blanket security interest covering 'all assets' of debtor
- Secured party is special purpose vehicle (Legalist SPV III, LP)
- Filed April 1, 2024 with California Secretary of State
- Debtor is Vista, California-based LLC
- No trust involvement or decedent administration
Stage 2
Core — Entities, Events, Claims
5 nodes
ENT-001
Entity
Legalist SPV III, LP
Special purpose vehicle entity acting as secured party in UCC-1 filing. Based in San Francisco, California at 58 West Portal Ave. #747. Contact phone (415) 570-7878, email ops@legalist.com.
Page 1 — Secured Party Name
Mailing Address
Legalist SPV III, LP
58 West Portal Ave. #747
San Francisco, CA 94127
ENT-002
Entity
DATRON WORLD COMMUNICATIONS, LLC
Debtor entity in UCC-1 filing. Limited liability company based in Vista, California at 995 Joshua Way, Vista, CA 92081.
Page 1 — Debtor Name
Mailing Address
DATRON WORLD COMMUNICATIONS, LLC
995 Joshua Way
Vista, CA 92081
ENT-003
Entity
California Secretary of State
Filing authority for UCC-1 Financing Statement. Office located at 1500 11th Street, Sacramento, California 95814. Phone (916) 657-5448.
Page 1 — STATE OF CALIFORNIA
Office of the Secretary of State
UCC FINANCING STATEMENT (UCC 1)
California Secretary of State
1500 11th Street
Sacramento, California 95814
(916) 657-5448
EVT-001
Event
UCC-1 Filing
UCC-1 Financing Statement filed and accepted by California Secretary of State on April 1, 2024. Assigned file number U240029670528. Filing timestamp shows received at 4:51 PM on 04/01/2024.
Page 1 — File No .: U240029670528
Date Filed: 4/1/2024
B2628-1409 04/01/2024 4:51 PM Received by California Secretary of State
CLM-001
Claim
Security Interest in All Assets
Legalist SPV III, LP claims a security interest in all assets of DATRON WORLD COMMUNICATIONS, LLC. Collateral described as 'All assets' with documentation entered as text. No trust involvement or decedent administration indicated.
Page 1 — Description:
All assets
Indicate if Collateral is held in a Trust or is being administered by a Decedent's Personal Representative:
Not Applicable
Stage 3
In Situ — Quotations, Tells, Tensions, Questions
3 nodes
TEN-001
Tension
Blanket Lien Scope
The collateral description 'All assets' creates maximum breadth security interest. This blanket approach contrasts with specific asset identification common in targeted financings, suggesting either comprehensive restructuring, distressed lending, or strategic litigation finance collateralization.
Page 1 — Description:
All assets
QST-001
Question
Nature of Underlying Transaction
What is the underlying transaction that led to this UCC-1 filing? The use of a special purpose vehicle (Legalist SPV III, LP) and blanket lien suggests litigation finance, distressed debt acquisition, or structured commercial lending, but the document does not specify the transaction type or principal amount.
Page 1 — Secured Party Name
Mailing Address
Legalist SPV III, LP
Description:
All assets
QST-002
Question
Excluded Assets
Are any assets specifically excluded from this security interest? The 'All assets' description is maximally broad, but standard commercial practice often excludes certain asset classes (e.g., accounts under $X, specific intellectual property). No exclusions are documented.
Page 1 — Description:
All assets
Stage 4
Interpretive — Inferences, Omissions, Patterns
4 nodes
INF-001
Inference
Litigation Finance Indicator
The secured party name 'Legalist SPV III, LP' strongly suggests litigation finance activity. Legalist is a known litigation finance provider, and the SPV structure (Special Purpose Vehicle III) indicates this is part of a structured portfolio approach to litigation funding or commercial claims.
Page 1 — Secured Party Name
Mailing Address
Legalist SPV III, LP
INF-002
Inference
Priority Position Establishment
Filing a UCC-1 with 'all assets' collateral establishes priority position for the secured party against future creditors and in potential bankruptcy scenarios. The April 1, 2024 filing date becomes the priority date for this security interest under Article 9 of the UCC.
Page 1 — File No .: U240029670528
Date Filed: 4/1/2024
Description:
All assets
OMI-001
Omission
Transaction Amount Not Disclosed
The UCC-1 filing does not disclose the principal amount secured, interest rate, repayment terms, or maturity date. While not required for UCC-1 validity, this omission prevents assessment of the debt magnitude or financial exposure of the debtor.
Page 1 — Description:
All assets
OMI-002
Omission
No Security Agreement Reference
The filing does not reference any underlying security agreement, loan agreement, or other transaction document. Standard practice often includes reference data or transaction identifiers, but this filing provides only the statutory minimum information.
Page 1 — Optional Filer Reference Information:
Miscellaneous Information:
Extracted text
1 pages · 1423 charactersFiling Header
U240029670528
₹ EUREKA HE GREAT SEAL OF THE STATE
CALIFORNIA
STATE OF CALIFORNIA Office of the Secretary of State UCC FINANCING STATEMENT (UCC 1) California Secretary of State 1500 11th Street Sacramento, California 95814 (916) 657-5448
For Office Use Only -FILED- File No .: U240029670528 Date Filed: 4/1/2024
Submitter Information:
Contact Name
Organization Name
Phone Number
Email Address
Address
Legalist SPV III, LP
Legalist SPV III, LP
(415)
570-7878
ops@legalist.com
58
WEST PORTAL AVE. #747 SAN FRANCISCO, CA 94127
Debtor Information:
Debtor Name
Mailing Address
DATRON WORLD COMMUNICATIONS, LLC
995
Joshua Way Vista, CA 92081
Secured Party Information:
Secured Party Name
Mailing Address
Legalist SPV III, LP
58
West Portal Ave. #747 San Francisco, CA 94127
Indicate how documentation of Collateral is provided: Entered as Text
Description: All assets
Indicate if Collateral is held in a Trust or is being administered by a Decedent's Personal Representative: Not Applicable
Select an alternate Financing Statement type: Not Applicable
Select an additional alternate Financing Statement type: Not Applicable
Select an alternative Debtor/Secured Party designation for this Financing Statement: Not Applicable
Optional Filer Reference Information:
Miscellaneous Information:
Search to Reflect: :unselected: Order a Search to Reflect
B2628-1409 04/01/2024 4:51 PM Received by California Secretary of State
Original source file
No source file is attached yet. The record is ready for the PDF/media link when the attachment importer is connected.
- File
- fn-legalist-ucc1-california-datron-20240401.pdf
- Source UID
- source:f3ddfaa2212bcb76424655747068b1a752baa11b4e76ee3f261c1b134d99fe63
- Full SHA-256
- f3ddfaa2212bcb76424655747068b1a752baa11b4e76ee3f261c1b134d99fe63