A summary of Southern California-related business litigation developments during the past week.
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From United Press International
Receiver Named to Oversee Nightclub: A Los Angeles Superior Court judge appointed a receiver to oversee the Los Angeles Stock Exchange, a downtown Los Angeles nightclub that closed recently. The order was requested by National Bank of Long Beach, which sued the partnership-owner of the nightclub, asking the building be sold to repay more than $3 million for an overdue note. (Filed April 18, 1990. Case No. C758707)
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