What is a Receivership?
Receivership is a process in which a court-appointed neutral party – the receiver – acts as a custodian to marshal and preserve a company’s property.  A receiver can be authorized to investigate the financial and business affairs of the company under his control, and in certain circumstances, institute legal proceeding on behalf of the company’s estate. Additionally, a receiver is normally tasked with the duty of proposing a plan to distribute the property to investors, subject to approval by the Court.  It is common for receivers to retain professionals, including attorneys and financial advisors, to assist them in their duties.

Who does the Receiver work for?
The Receiver reports to the Court, which has oversight over the Receiver’s activities in administering the receivership. 
The Receiver is not your lawyer, and he cannot provide you with legal advice.  You have the right to hire or consult with your own lawyer, and the Receiver encourages you to speak with your own lawyer.

Can the Receiver provide an estimate of the expected timing and amount of distributions investors can expect?
The Receiver cannot speculate on the timing, nature or value of distributions given, among other things, the uncertainty of (i) the timing of future Liquidity Events; and (ii) the value of Receivership assets at the time of distribution.

How can I receive information about the Receivership?  
The Receiver encourages investors to regularly check the Receivership website for updates, including quarterly status reports. Periodic review of this website is the best way to stay up-to-date on developments in this Receivership. The website will be updated on a regular basis.

Who do I contact for additional information?
You may submit an inquiry by email to ZadehKicksInquiries@stretto.com.

How long does the receivership process take?
At this stage of the proceedings, we cannot predict how long it will take to complete this process.

How do I file a proof of claim?
Please click HERE to find information on how to file a proof of claim form.

Should I hire a lawyer?
You have the right to hire or consult with your own lawyer, and the Receiver encourages you to speak with your own lawyer if you have any legal questions. As noted, neither the Receiver nor his counsel represent investors.  

Can I charge interest or attorney fees incurred on my claim?
No, we will not accept any interest charges or attorney fees on a claim. 

When will I find out if my claim is accepted or rejected?
The deadline to file claims is 5:00 P.M. Pacific Time on November 15, 2025. We do not know how many claims will be filed so we cannot predict how long it will take to review all of the claims. Please allow us six months before following up.

Where can I find updates?
We will post periodic updates to this website.

What happened to Michael Malekzadeh? 

This receivership is for the business of Zadeh Kicks only. Any claim you file will be for monies owed by Zadeh Kicks. We are not involved in any actions against Michael Malekzadeh except that we do cooperate with the authorities, e.g. the FBI. It is our understanding that Michael Malekzadeh filed bankruptcy.  

When will I be reimbursed for the money that is owed to me?

Do not think of this as a refund or “reimbursement” for monies owed to you. If there are funds remaining for unsecured creditors, that money will be divided pro rata amongst the claimants. 

Am I a secured creditor?

A secured creditor is anyone with a perfected Uniform Commercial Code lien. For example, a mortgage company is a secured creditor. Unfortunately, regular customers of Zadeh Kicks will be considered unsecured creditors.

How much will I get paid? 

We cannot make that determination until we know how many claims have been submitted.