Federal Trade Commission v. Crittenden

ORDER GRANTING RECEIVER’S PETITION FOR DISTRIBUTION, DENYING CREDITOR BERCUTT’S REQUEST FOR PAYMENT, AND DENYING DEFENDANT CRITTEN-DEN’S REQUESTS

On February 1, 1993, Permanent Receiver George E. Schulman’s Petition for Instructions Re: Distribution to Creditors and Petition to Limit Notice (“Receiver’s Petition”), Creditor Alan S. Bercutt’s Request for Payment, and Defendant Mark R. Crittenden’s Request for Rule 11 Sanctions came on for hearing before this Court. After reviewing the respective parties’ moving papers and oral arguments, the Court HEREBY GRANTS the Receiver’s Petition, and DENIES Alan S. Bereutt’s and Mark R. Crit-tenden’s requests in their entirety.

FACTUAL BACKGROUND

Defendant Mark R. Crittenden’s copier supply business, including Regional Supply Company, Regional Supply Center, Regional Copier Supply and United Supply Company were shut down and seized by the Federal Trade Commission (“FTC”) pursuant to a temporary restraining order issued by this Court on April 15, 1991. The temporary restraining order froze the assets of Defendants Mark R. Crittenden (“Crittenden”) and Regional Supply Company, and placed the property and business. of Regional Supply Company…