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What is Lion Bonding Co. v. Karatz: Court Ruling about?

The Supreme Court denied a motion to modify decrees related to the receivership of an insolvent company. The lower federal courts lacked jurisdiction over the cases, so they could not make any orders related to the receivership assets or claims against those assets. Any requests for approval of receivership expenses, compensation, or allowing creditor claims must be directed to the state court handling the insolvency, as the federal courts do not have power to grant the requested relief due to lacking juris

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