RICHMOND, Va. (AP) - A judge has ordered a multimillion-dollar family-owned enterprise in Buckingham County into receivership.
The Richmond Times-Dispatch says the order signed Thursday by Fairfax County Circuit Court Judge Marum Roush resolves a long-running legal battle among members of the Dixon family.
Roush appointed a receiver to oversee the liquidation of the Disthene Group Inc., a holding company that controls the family's properties. They include Kynamite Mining Corp. and the Cavalier Hotel in Virginia Beach.
The order formalizes an opinion issued last week by Roush that said mismanagement and oppression of minority stockholders clouded Disthene's operations for years.
Roush heard the case after Buckingham County judges recused themselves.
Disthene's attorneys say they will appeal the decision.
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