Professional Documents
Culture Documents
PROVIDENCE, SC.
This cause came on to be heard upon the Plaintiffs Petition for Appointment of a
Receiver and, upon consideration thereof, it is hereby
2. That said Receiver shall, no later than ve (5) days from the date hereof, le a bond in
the sum of $ I, 000 000 faith any surety company authorized to do business in the State of
Rhode Island as surety thereon, conditioned that the Receiver will well and truly perform the
duties of said ofce and duly account for all monies and property which may come into the
Receiver's hands and abide by and perform all things which the Receiver will be directed to do by
this Court.
3. That said Receiver is authorized to take control of the Plan as described in the Petition.
4. That said Receiver is authorized, until further Order of this Court, in the Receivers
discretion and as said Receiver deems appropriate and advisable, to continue administration of
the Plan, to engage employees and assistants, clerical or otherwise, actuaries, and other
professionals necessary or appropriate for the efcient administration of the Plan, and to pay all
such individuals and entities in the usual course of business, and to do and perform or cause to be
done and performed all other acts and things as are appropriate in the premises. The Court
specically authorizes the Receiver to continue to utilize the services of Chace Ruttenberg &
Freedman, LLP in connection with the administration of the Plan, provided that payment for such
services shall not come from assets of the Plan unless otherwise ordered by this Court.
appointment as Receiver herein is warranted and required because of the Receivers specialized
expertise and experience in operating businesses in Receivership and in administrating non-
routine Receiverships which involve unusual or complex legal, nancial, or business issues.
7. That a Citation be issued to the Plan, returnable to the Superior Court sitting at 250
Benet Street, Providence, Rhode Island on the Mday of 0010 5m , 2017, at 9:30 am.
at which time and place this cause is set down for Hearing on the prayer for the Appointment of a
Permanent Receiver and for reduction of beneciary payments as described in the Petition; that
the Clerk of this Court shall give Notice of the pendency of the Petition herein by publishing this
Order Appointing Temporary Receiver once in The Providence Journal on or before themay
of AUC/LLSI , 2017, and the Receiver shall give further notice by mailing, on or before
the 35" day of T , 2017, a copy of said Order Appointing Temporary Receiver to
each of the participants of the Plan whose address is known or may become known to the
Receiver.
;
ENTER: BY ORDER:
/$715m/zc1nq(ahcm
J
Michael A. Silverstein
Associate Justice/Business Calendar
Clerk, Superior Court V