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Hi and thanks for asking your question. My name is ***** ***** I will be assisting you. A receivership can be considered a pretty drastic remedy. Therefore, it would not be unusual for the request to be denied. Basically, by granting a receivership, the court is allowing a third party to step in and manage the business while the lawsuit is ongoing. To your question, the lawsuit is not over if the receiver is denied. The lawsuit continues. It only means that the business can continue to manage its own affairs without a receiver doing it for them.
Thanks very much for your follow up post. It's hard for me to make specific comments regarding the ruling without fully reviewing the entire case. Thus, I can't really tell you why the judge denied the receivership request. I can say that appointing a receiver is a pretty drastic remedy, so I wouldn't be surprised that the request was denied. But I can tell you that the litigation doesn't end there. In fact, the denial shouldn't have any effect on the litigation going forward.