Former Foundry partner Yfat Reiss Gendell told the New York Supreme Court that she agrees to and joins in former partner Peter McGuigan’s request for a temporary receiver to manage the agency’s affairs. The two continue to disagree on how to oversee Foundry’s business, with each blaming the other for the obstruction. Gendell’s new filing alleges that, “McGuigan continues to refuse to pay various service providers, such as Foundry’s transactional counsel, refuses to pay for rent and utilities for Foundry’s office, and refuses to authorize Foundry to make payments on its line of credit.” Significantly, Gendell also wants the court-appointed […]
