"While the current receiver has successfully used his unique skills and bold, creative leadership style to investigate, confront and break down many of the barriers that existed at the inception of the receivership," the order said, "the second phase of the receivership demands a substantially different set of administrative skills and style of collaboration".
Two weeks later, R. Allen Stanford, the cricket-loving financier who owns the bullion company, was charged by the S.E.C. with an alleged eight-billion-dollar fraud, and all of Stanford's assets were placed in receivership by court order.
The complex has been in court-ordered receivership since 2010.
Last year, Benedict took the step of placing the entire order under Vatican receivership.
In a written statement Tuesday, Feuer said he plans to proceed with a lawsuit "to establish a receivership over the trusts in order to protect ratepayer dollars," but added that if the city's transparency goals were achieved, "we would of course re-evaluate the need for a receiver".
When the Dominican Republic defaulted on its foreign debt to several European countries in 1904, Roosevelt quickly established an American receivership of the Dominican customs in order to collect the revenues to meet the country's debt payments.
A Diamonds official had previously said the club would enter into receivership.
So in order to orderly take over large, systemically important banks, the FDIC receivership model works only for the bank leg of the bank; it does not work for the bank holding company or for its non-bank financial arms.
He likened the consent decree to a trusteeship or a receivership.
A suit by the group led to a court order that put the foster care system in Washington, D.C., under court receivership.
