Florida

Can Someone Explain This?

Judge Valerie Manno Schurr appointed Mark Meland as a receiver for a company after finding it in "default" for failing to turn over financial records to South Florida power broker Chris Korge, who is represented by Kendall Coffey.

Huh?

Was the "default" a discovery sanction?  Did the Judge strike the defendant's pleadings?  Is that what the "default" means?

How do you get from a discovery sanction to the appointment of a receiver?

Even if the obligation to turn over records was contractual, as opposed to arising from the defendant's discovery obligations, I'm not following how a finding of "default" leads to the appointment of a receiver to run the business.

Maybe Bob Zarco, who represents the defendant, can explain this one, because something seems off about this story.

Full post as published by South Florida Lawyers on March 02, 2011 (boomark / email).