Texas Appeals Court Can't Introduce Stay Issues: Court

Law360, Houston (August 31, 2012, 8:24 PM EDT) -- Texas’ high court ruled Friday that an appeals court wrongly overturned the actions of a state receiver appointed to distribute the assets of a defunct subsidiary of Infodisc Technology Co., finding that the court couldn't address issues with the automatic stay that were not presented in the trial court.

The Texas Supreme Court reinstated a trial court’s decision in favor of a court-appointed receiver and a major creditor of Mediacopy Texas Inc., finding that the appellate court should not have voided it based on the possible...
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