Receiver Tapped In $14M Heartland Securities Case

Law360, New York (November 19, 2009, 5:05 PM EST) -- A federal judge has appointed a receiver to handle the remaining assets of bankrupt oil and gas securities firm Heartland Resources Inc. following a magistrate's finding that, without a receiver, plaintiffs alleging a $14 million fraud would suffer irreparable injury.

Judge Joseph H. McKinley Jr.'s order, issued Tuesday in the U.S. District Court for the Western District of Kentucky, accepted other findings of fact issued Oct. 22 by Magistrate Judge E. Robert Goebel, who ruled that the remaining Heartland-related assets — consisting of interests in oil...
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