United States Commodity Futures Trading Commission v. Hunter Wise Commodities, LLC., Hunter Wise Services, LLC., Hunter Wise Credit, LLC., Hunter Wise Trading, LLC., Lloyds Commodities, LLC., Lloyds Commodities Credit Company, LLC., Lloyds Services, LLC., C.D. Hopkins Financial, LLC., Hard Asset Lending Group, Blackstone Metals Group, LLC., Newbridge Alliance, Inc., and United States Capital Trust, LLC., et. al (Case No. 12-81311-CIV-Middlebrooks, United States District Court for the Southern District of Florida).

As we advised in an earlier post, the Commodity Futures Trading Commission had instituted an action against, among others, the above named parties, which, at the time of filing, included a Motion for Preliminary Injunction, which was filed on December 6, 2012.

On Feburary 22, 2013, the Court held a hearing on the motion.  At the hearing, the Court found that the motion was due to be granted.  At the conclustion of the hearing, the parties that were present requested that, given the expediency required under the circumstances and the potential harm to the Defendants by the appointment of a receiver, that, at least for the present, the Court appoint a Special Monitor in lieu of a receiver.  This request was approved by the Court.  To review a copy of the subject order, you can follow the below link. 

Order Temporarily Appointing Special Corporate Monitor.pdf

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