Report: Judge Requires Hearing in Bank's Suit v. Adelaide Pointe

Report: Judge requires hearing in bank's suit v. Adelaide Pointe

A judge said he needs more information before deciding whether the Adelaide Pointe development in Muskegon should go into receivership amid a lawsuit by its bank, Crain's Grand Rapids Business reports.

Judge denies Independent Bank’s request for receiver over Adelaide Pointe

A Kent County judge denied Independent Bank’s emergency request for a court-appointed receiver over the sprawling mixed-use Adelaide Pointe marina project on Muskegon Lake.   Circuit Court Judge Curt Benson ruled that further hearings are necessary to sort out the dispute between Independent Bank and developer Ryan Leestma. A hearing date will... Please login to read all 576 words.