RE: Docs2 May 2019 08:35
The Court, having considered the Motion for Temporary Restraining Order (the “Motion”) of Plaintiffs Frontera Resources Corporation and Frontera International Corporation (collectively, “Plaintiffs”), the opposition thereto, and having heard the oral argument of counsel and having found good cause to do so, hereby orders as follows:
1. The Motion is GRANTED;
2. The Court finds that Plaintiffs are likely to succeed on the merits of their claims for Breach of Fiduciary Duty and Duty of Loyalty.
The Court further finds that unless a temporary restraining order is granted, irreparable harm will result to Plaintiffs.
4. And, the Court finds that the balance of harms and the public interest favor granting injunctive relief to Plaintiffs.
Therefore, and with good cause shown,
IT IS HEREBY ORDERED that Defendants Stephen Hope, Outrider Management, LLC, and Outrider Onshore, LP (collectively, “Defendants”) are enjoined from taking any actions detrimental to the current business operations of Plaintiffs and their subsidiaries, including but not limited to seeking to foreclose on the property that is subject to the Equitable Mortgage.
IT IS HEREBY FURTHER ORDERED that the time within which the restraining order and all supporting pleadings and papers must be served is ____________, 2019.
IT IS SO ORDERED.