Stake Bank Sues Mike Feinstein for Recovery of Company Assets

Stake Bank Enterprises Limited, presently in receivership, is suing businessman Michael Feinstein, a director of the company.  A notice of application for interim injunction was filed in the High Court on May first.  The injunction is being sought to restrain Feinstein, or his agents, from transferring titles to a little over twenty-three acres of reclaimed land, an extension of Stake Bank Island.  The application also seeks to restrain Feinstein from transferring other assets, including machinery and equipment belonging to the company.  Those assets include a 2023 Toyota Land Cruiser, a Beech King aircraft valued at one point five million dollars, and a list of other items with a combined value of three point eight million dollars.