A financial technology company that allegedly possesses assets of another company it attempted to merge with must turn over wide-ranging merger-related documents to a creditor of the company it never acquired, a state appeals court has ruled.

Citing to and explaining state law on enforcement-of-money-judgment discovery, an Appellate Division, First Department panel has ruled that Urban FT Group and related entities must produce subpoenaed information to Cave Creek Investments, which in court records says it won a $236,353.71 judgment in Minnesota against Digiliti Money Technologies based on Digiliti allegedly defaulting on lease and financing agreements.

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