Appointing A Receiver Was Not An Abuse Of Discretion, 6th Circuit Panel Determines
Mealey's (November 10, 2015, 11:02 AM EST) -- CINCINNATI — A district court did not abuse its discretion in appointing a receiver to oversee a company’s pension plan contributions because the company failed to adhere to the terms of a joint stipulation after a federal tax lien was filed against the company, the Sixth Circuit U.S. Court of Appeals said Nov. 2 (Pension Benefit Guaranty Corp. v. Evans Tempcon Inc., et al., No. 15-1388, 6th Cir.; 2015 U.S. App. LEXIS 19361).