Liquidations Los Angeles Community Development Bank v. Copeland Beverage Group, Inc. This company had operating losses in excess of $20 million. The Receiver arranged a worldwide auction of production equipment that was no longer practical to use in the U. S. One of the two secured creditors was paid in full. more information Bank Leumi USA v. Millennium Diamond, Inc. The Receiver arranged for an inventory sale of this diamond importer and distributor and the secured lender was paid in full. more information Merrill Lynch Business Financial Services, Inc. v. Western Gift Distributors, Inc. Western Gift, a bingo supply distributor, had nearly ceased operations at the time of the Receiver's appointment. The Receiver arranged for individual sales of inventory, collected accounts receivable and the senior secured lender was paid in full. A junior creditor also received a reduction of its principal. more information