Cottonwood Cajon ES, LLC v. Gamboa CA4/1
Henry Gamboa appeals from an order denying his motion to discharge a receiver appointed to aid Cottonwood Cajon ES, LLC (Cottonwood) in the satisfaction of a $15.9 million judgment against Gamboa.
Cottonwood is the creditor and Gamboa is the guarantor of a commercial loan that went into default. Cottonwood obtained a $15.9 million judgment against Gamboa for breach of the guaranty, which Gamboa has not paid. The trial court appointed a receiver to assist in the satisfaction of the judgment and Gamboa thereafter filed a motion to discharge the receiver, arguing that a receiver was unnecessary because the judgment had already been satisfied. The trial court denied Gamboa's motion to discharge the receiver.
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