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U.S. v. ESIC CAPITAL, INC.

Civ. No. JH-85-4779.

675 F.Supp. 1462 (1987)

UNITED STATES of America, Plaintiff, v. ESIC CAPITAL, INC., Defendant.

United States District Court, D. Maryland.

December 3, 1987.

Attorney(s) appearing for the Case

G. Brian Busey, Steven S. Rosenthal, and Morrison & Foerster, Washington, D.C.; and Claire M. Schenk, for Claims and Inv. Co. Liquidation, U.S. Small Business Admin., Washington, D.C.

George A. Bauer, III, Sharon Mirsky, and Milberg, Weiss, Bershad, Specthrie & Lerach, New York City, for Vega Capital Corp.

Joel M. Savits, John May, Michael Canode and Jordan, Coyne, Savits & Lopata, Rockville, Md., for Kaufmann, Glosser & Greenburg, P.C. and Richard Kaufmann.

JOSEPH C. HOWARD, District Judge.

MEMORANDUM AND ORDER

Electronic System Investment Corporation ("ESIC") was licensed as a small business investment company. However, by orders dated November 27, 1985 and January 8, 1986 this Court imposed a receivership on ESIC, appointing the Small Business Administration ("SBA") as receiver. The orders also provided that parties to any legal proceedings involving ESIC be stayed and enjoined from prosecuting the actions...

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