Wednesday, December 19, 2012

Fifth Circuit -- Netsphere, Inc. v. Jeffrey Baron

If a litigant allegedly tries to frustrate bankruptcy proceedings by repeatedly retaining new counsel, the court cannot attempt to control this by putting all of his personal assets into receivership.  

No evidence that property was being moved outside of the court's jurisdiction.

Fees of the recievership (probably mostly) to the deft, though, as it's an equitable call, and move was good-faith reaction to the deft's improper acts.
 

Netsphere, Inc. v. Jeffrey Baron
Compiled by D.E. Frydrychowski, who is, not incidentally, not giving you legal advice.

Category tags above are sporadically maintained Do not rely. Do not rely. Do not rely.

Author's SSRN page here.