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corporations from misappropriating, dissipating, or losing ticket
sales proceeds or assets in which the proceeds might have been
invested, as well as blank, unsold ticket stock, and (ii) require
petitioner and his corporations to disclose bank and brokerage
account information. Northwest was granted the TRO that same
day. The TRO, among other things, restrained petitioner and his
corporations from transferring, encumbering, investing,
dissipating, using, or otherwise disposing of proceeds from
Northwest tickets sold before April 8, 1988 (or any assets in
which the proceeds might have been invested), except to deposit
the proceeds in an account over which Northwest had signatory
authority and control or otherwise upon Northwest’s or the
court’s authorization. The TRO further ordered petitioner and
his corporations to make a full disclosure of all books, records,
and documents pertaining to the sale of tickets and the proceeds
thereof, including bank and brokerage account statements.
Finally, the TRO prohibited petitioner and his corporations from
distributing, transferring, or otherwise disposing of any blank,
unsold Northwest tickets delivered to them on or before the date
of the Interim Agreement. At the time the TRO was granted, the
sale of Northwest tickets constituted approximately 90 percent of
petitioner’s corporations’ business activity. The TRO was
renewed periodically through at least November 22, 1988.
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