Failure to Deliver Promised Income Distributions • Breach of Contract • Direct vs. Derivative Claims • Motion to Appoint Receiver
Liberman v. Corporacion Experienca Unica, S.A., PICS Case No. 17-0067 (E.D. Pa. Dec. 27, 2016) Robreno, J. (50 pages).
Corporate defendants were not entitled to summary judgment on plaintiffs’ claim that defendants manipulated financial statements to avoid paying contractually-obligated income distributions to plaintiffs. Judgment on the pleadings denied, summary judgment granted in part and denied in part, motion to appoint receiver denied.
