The plaintiff moved for a Mareva injunction to freeze approximately $1.1 million held in a custody account belonging to the defendant, alleging the funds were mistakenly paid.
The court dismissed the motion, finding the plaintiff failed to establish a strong prima facie case, a real risk of asset dissipation for an improper purpose, or irreparable harm.
The defendant's intention to withdraw the funds was deemed a legitimate part of its corporate wind-down process.
