Since 1995 Thomas A. Seaman, Chartered Financial Analyst (CFA), has served as a court-appointed receiver in civil matters which require a neutral third party to function as receiver, referee, provisional director, or administrator. He has honed his skills on over 400 matters, including 230 as a court-appointed fiduciary, most typically as a receiver.
To serve his clients’ needs, Mr. Seaman has assembled a team of financial and business operations professionals to assist in the execution of his duties on behalf of the court, and the parties to the underlying litigation. The TSC team has a high-level of financial and business experience, including operating companies in numerous industries:
In addition, TSC has acted as seller on behalf of numerous real estate and operating companies that have been ordered to be monetized.
Everyone at Thomas Seaman Company works hard to find the best solution to each and every problem. This creative approach has resulted in an outstanding track record in maximizing the value of tangible and intangible assets. TSC has successfully prosecuted numerous actions on behalf of receivership entities, such as: -Recovery of fraudulent conveyances, -Disgorgement of ill-gotten gains, -Damages arising from aiding and abetting breaches of fiduciary duty -Legal Malpractice -Unjust enrichment and other damages -Recovery of funds, including funds from taxing authorities
In critical situations, Thomas Seaman Company employs it’s considerable turnaround expertise and crisis
management skills to help defendants regain possession of their assets. Where possible, and well
advised, TSC retains existing management, and works with them to solve problems that affect the entity.
In a judicial environment, TSC can make counsel’s job easier. Their responsiveness to the parties and successful performance assist counsel in representing the client. TSC takes responsibility for preparing and filing the receiver’s bond and oath required by the appointing order in accordance with appropriate statues. At the appropriate time, TSC prepares a declaration setting forth their qualifications and certain other representations required of receivers by local rules for use in the moving papers. They are also available to assist with preparation of the “order appointing receiver” in circumstances requiring an order tailored to the unique requirements of the assignment.