Shareholders in OC Register Parent Push For Receivership
Law360, Wilmington (November 5, 2014, 9:27 PM EST) -- Minority shareholders in the publisher of the Orange County Register asked the Delaware Chancery Court to put the firm into receivership in a lawsuit unsealed late Tuesday, claiming it needs independent oversight because the company is insolvent and in financial distress from mismanagement.
In a heavily redacted complaint, Abbey Financial LLC and Old Colony 2012 Investment Fund LLC — two companies that invested in greeting card mogul Aaron Kushner's acquisition vehicle to purchase Freedom Communications — say the court needs to fast-track consideration of its request to place 2100 Freedom Inc. and all of its subsidiaries under receivership in part because...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!