The indenture trustee for $4,565,000 bonds issued to finance the acquisition of a 60-bed skilled nursing home and a 42-unit assisted living facility located in Accomack County, Virginia in litigation in the United States District Court for the Eastern District of Virginia obtained a receiver to administer and control the senior living facilities.
Waller represented the receiver as its general counsel and assisted the receiver in its administration and operation of the facilities pending their sale. Waller also represented the receiver in conducting a court-approved stalking horse auction of the facilities and in the sale of the nursing home's certificate of need bed rights by private sale.
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