2nd Circuit: Court Did Not Err Moving Asset Management Firm Into Receivership

( December 11, 2024, 8:39 AM EST) -- NEW YORK — A panel of the Second Circuit U.S. Court of Appeals affirmed a federal court’s decision to convert a court-ordered monitorship of an asset management firm to a receivership after the former chief executive officer, who maintained much of the company’s membership interest, hired new managers and amended the operating agreement, finding that this violated the monitor order....

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