The applicant and respondent submitted proposals for the appointment of an interim receiver/manager of the respondent corporation pending a shareholder meeting.
The court approved the powers set out in the applicant's proposed order.
While both proposed firms were qualified, the court appointed Duff + Phelps over Deloitte & Touche to avoid any appearance of a lack of independence, given prior contact between a director of the respondent and a representative of Deloitte.
