and Louis Jackson. Id. The district court appointed Marwil as a receiver for CEG, ordering him “to ensure that the Investors are made whole with respect to the funds they invested with [CEG].” Id. at *3-4. Marwil filed suit against Barry Farah, alleging, inter alia, equitable disgorgement on the grounds that the latter negligently misrepresented the value of assets sold to CEG. Marwil, 2003 WL 23095657, at *3-4. The court held that Marwil, as receiver, lacked standing to represent the investors directly. Id. at *1. The court reasoned that notwithstanding the language of the receivership court order that enabled him “to assert Causes of Action on behalf of Noteholders” and ordered him “to ensure that the Investors are made whole C 4296, 2002 WL 1905889, at *1-2 (N.D.Ill. Aug. 19, 2002) (<HOLDING>); Scholes v. Tomlinson, Nos. 90 C
holding that a receiver appointed for the parent corporation of the debtor was not a custodian of the debtorsubsidiary because the receiver was not appointed to take control of the debt ors assets for the benefit of the debtors creditors holding that where the government inter alia retains for itself permanent authority to appoint a majority of the directors of a corporation the corporation is part of the government for purposes of the first amendment holding that  10b applies to fraud on corporation by controlling stockholder and that the fact that creditors of the defrauded corporation may be the ultimate victims does not warrant disregard of the corporate entity holding that the receiver for a corporation had no standing to sue for inter alia receipt of funds fraudulently obtained fraud and unjust enrichment even though he was appointed on behalf of all the creditors because those were claims of the creditors not of the corporation holding that claims of corporation vest in corporation