Pelorus Fund REIT Files Complaint to Place StateHouse Holdings into Receivership
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 26 2024
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Source: PRnewswire
Pelorus Fund REIT's Legal Action: Pelorus Fund REIT has filed a complaint in California seeking the appointment of a Receivership for StateHouse Holdings due to the company's default on four loans, aiming to take control of its assets and operations.
Objective of Receivership: The CEO of Pelorus believes that a court-appointed receiver will help StateHouse operate more efficiently and protect its employees, customers, and partners while continuing its production and distribution activities.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
