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A lawsuit has been filed in Shelby Circuit Court by the Federal Deposit Insurance Corporation (FCIC) against JMG Hospitality LLC, the former owners of the hotel formerly known as the Holiday Inn Express, now operating as Ritz Inn and Suites. The court granted a motion on Sept. 14 to appoint a receiver in the suit. Greg Berman, attorney for the FDIC, said a receiver “is somebody that the court appoints to go in and protect the assets of the business and to make sure that money isn’t squandered.” The suit said that as of Sept.
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