Pala Assets Holdings, Ltd., Plaintiff, and
Pinpoint Multi-Strategy Master Fund et al., Respondents,
v.
Rolta, LLC, et al., Appellants.
Appellate Division of the Supreme Court of New York, First Department.https://leagle.com/images/logo.png
Decided June 7, 2022.
Decided June 7, 2022.
Attorney(s) appearing for the Case
Thompson Hine LLP, Atlanta, GA (John C. Allerding of the bar of the State of Ohio and the State of Georgia, admitted pro hac vice, of counsel), for appellants.
Kobre & Kim LLP, New York (Josef M. Klazen of counsel), for respondents.
Appellate Division of the Supreme Court of New York, First Department.
While the turnover orders are modified as indicated above, the court otherwise properly exercised its discretion to issue, under the circumstances here, including the prima facie evidence that defendants have "custody or control" over some cash and other assets, the turnover orders and orders appointing a receiver to effectuate the turnover. Contrary to defendants' arguments, the court has personal jurisdiction over defendants...
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