A Texas-based real estate developer lost his bid to overturn the scope of a receivership and asset freeze as he faces a federal securities-fraud enforcement action.
The district court didn’t abuse its discretion in imposing the receivership and granting the Securities and Exchange Commission’s request to freeze other assets, said the US Court of Appeals for the Fifth Circuit on Thursday. The appeal judges also refused to reassign the case to another district judge in dismissing Timothy Barton’s appeal of certain orders appointing and overseeing a receiver.
The SEC and Department of Justice accused Barton and associates of employing a ...
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