Today, in TAI Sports, Inc. v. Hall, the Business Court denied Plaintiff’s’ Motion for a Preliminary Injunction freezing Defendants’ assets and appointing a receiver to manage the business of the Defendants.

The claim made by Plaintiff was that one of the Defendants had used his position as an officer of one of the Plaintiff’s companies to misappropriate over $1 million in cash and inventory.  The Defendants had disputed the allegations.

Judge Diaz observed that the bulk of the damages sought by Plaintiff were lost profits, and that Plaintiff had…

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