This is the property of the Daily Journal Corporation and fully protected by copyright. It is made available only to Daily Journal subscribers for personal or collaborative purposes and may not be distributed, reproduced, modified, stored or transferred without written permission. Please click "Reprint" to order presentation-ready copies to distribute to clients or use in commercial marketing materials or for permission to post on a website. and copyright (showing year of publication) at the bottom.
Subscribe to the Daily Journal for access to Daily Appellate Reports, Verdicts, Judicial Profiles and more...

Corporate,
Civil Litigation,
9th U.S. Circuit Court of Appeals

Feb. 7, 2012

7th, 9th Circuit cases to affect federal equity receiverships

Two decisions may significantly alter the law governing federal equity receiverships.

Ted G. Fates

Partner, Allen Matkins Leck Gamble Mallory & Natsis LLP

Email: tfates@allenmatkins.com

Joshua A. del Castillo

Partner, Allen, Matkins, Leck, Gamble, Mallory & Natsis LLP

Phone: (213) 622-5555

Email: jdelcastillo@allenmatkins.com

The Securities and Exchange Commission, Federal Trade Commission, and Commodities Futures Trading Commission often seek appointment of receivers in civil enforcement actions, including those alleging operation of Ponzi-like investment schemes. Receivers are generally tasked with taking over entities used to perpetrate schemes, conducting forensic accountings, reporting their findings to the appointing court and recovering funds where possible, for distribution to defrauded investors.

To continue reading, please subscribe.
For only $95 a month (the price of 2 article purchases)
Receive unlimited article access and full access to our archives,
Daily Appellate Report, award winning columns, and our
Verdicts and Settlements.
Or
$795 for an entire year!

Or access this article for $45
(Purchase provides 7-day access to this article. Printing, posting or downloading is not allowed.)

Already a subscriber?

Sign up for Daily Journal emails