Burton M. Cooper v. Leslie A. Isaacs

TAMM, Circuit Judge:

The primary issue presented in this case is whether the District Judge erred in appointing a receiver to supervise the parties’ partnership business pending a determination on the merits of appellee Cooper’s suit for dissolution and liquidation of the business. We hold that the District Judge’s action in appointing the receiver was a proper exercise of his discretion.

The parties are partners in the firm of Leseo Associates, which is engaged in the sale and distribution of janitorial supplies. They commenced operations pursuant to an oral agreement in 1962 and entered into…