Receivership

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Be careful what you request in your complaint, particularly if it’s a request for judicial dissolution.  According to a Court of Appeals opinion this week, you’ll be stuck with that request if your defendant asks for the same thing.

In Bradley v. Bradley, a husband-wife team were the shareholders and officers of a legal recruiting firm, Laura Segal & Associates ("LSA").  When the couple separated, the business basically did too — the wife asserted that the husband misappropriated corporate funds and denied her access to the company’s books, records, and accounting…

Continue Reading Husband Not Allowed to Dismiss Request for Judicial Dissolution of Family Firm

The Court ruled that Defendants’ appeal, following an adverse judgment on liability, did not affect a substantial right even though the damages phase of the trial remained.  The Court found that it had continued jurisdiction over the case and that it could proceed with the damages phase notwithstanding the pendency of the appeal. The Court also ruled that it would not stay the case during the pendency of the appeal. 

The Court denied the Plaintiffs’ request for the appointment of a receiver, but held that it would impose conditions on…

Continue Reading Land v. Land, February 24, 2009 (Tennille)(unpublished)