Specialty Retail Monitorship

November 14, 2022

The U.S. Attorney’s office for the Southern District of New York charged a 14-store specialty retail chain of listening devices and other surveillance equipment with the illegal importation of listening devices which included the appointment of a monitor. The role of the monitor was to oversee the continued operation of the store during the pendency of the indictment, take steps to ensure that the criminal activity that gave rise to the indictment was not continuing and to ensure that the assets of the company were not dissipated. The monitorship continued until the company and it’s key executives were convicted at trial after which title vested to the government which then liquidated the company’s assets.