Peter Beagle can resume litigation against former manager Connor Cochran and related corporations under a motion granted by U.S. Bankruptcy Court on March 23. The federal court order has lifted the automatic stay that took effect when Connor Cochran and his companies filed Chapter 11 bankruptcy on January 4, one day before trial was scheduled to begin in Peter S. Beagle’s lawsuit against them.
The order allows Beagle to proceed in California state court against Cochran, Avicenna Development Corporation, and Conlan Press, Inc. and obtain a final judgment.
Beagle sued Cochran in 2015 for $52 million in damages, disgorgement of illegal gains and restitution, and dissolution of two corporations he co-owns with Cochran, Avicenna Development Corporation, and Conlan Press, Inc.
The Bankruptcy court order says any judgments obtained in state court may only be executed with its permission. The order also frees Justin Bunnell and Sandbox LLC, a California partnership, to intervene in the Beagle/Cochran state action and pursue its claims for $300,000 invested in The Last Unicorn screening tour launched in 2013.
[Thanks to ULTRAGOTHA for the story.]