100%(1)100% нашли этот документ полезным (1 голос)
320 просмотров2 страницы
- Magalad filed a complaint against Premiere Financing Corp for damages arising from dishonored checks issued by Premiere for a money market placement by Magalad.
- The Supreme Court held that the Securities and Exchange Commission (SEC) has exclusive jurisdiction over the case because Magalad's complaint alleges fraud by Premiere, and the SEC had already appointed a rehabilitation receiver for Premiere.
- All legal actions against corporations under receivership must be suspended, so the RTC order in favor of Magalad was set aside without prejudice to refiling the complaint with the SEC.
- Magalad filed a complaint against Premiere Financing Corp for damages arising from dishonored checks issued by Premiere for a money market placement by Magalad.
- The Supreme Court held t…