Lifetime Receiver H. Thomas Moran II, Receiver of LifeTime Capital, Inc.

11Mar/09Off

On March 6, 2009, the Receiver filed a Third Motion for an Order Authorizing Partial Distribution to Investors, seeking authority from the United States District Court for the Southern District of Ohio to distribute an additional $2.5 million to investors of LifeTime. The Receiver's ability to seek this approval from the Court has been facilitated by several recent developments, as well as compromises that have previously been Court-approved disposing of some, but not all, of the pending litigation related to the receivership.

The Receiver hopes the Court will grant the Motion in the near future, and once the Order is entered, the Receiver and his staff will promptly proceed with disbursement of these additional funds as directed by the Court. Based upon current information, the Receiver anticipates that there will be at least one more distribution following the partial distribution which is the subject of the Third Motion.

Please click here for the court document regarding this motion.

Filed under: News Comments Off
3Mar/09Off

SLO Davis v. Lifetime Capital Inc Order on Motion for Miscellaneous Relief