---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-125938"
form_type: "8-K"
ticker: null
cik: "0001578742"
company_name: "GPB Automotive Portfolio, LP"
filed_at: "2024-12-05T23:59:59+00:00"
generated_at: "2026-05-29T07:15:42.087270+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# Second Circuit affirms SEC receivership; GPB Automotive now under court-appointed receiver

## Summary
- On December 3, 2024, the Second Circuit affirmed the Receivership Order and lifted the stay, effective immediately.
- Receiver Joseph T. Gardemal III now controls all assets and operations of GPB Automotive Portfolio, LP and related entities.
- Directors Walter Bishop and Jane Kanter ceased as directors of Highline Management, Inc. upon receivership taking effect.
- Receivership originally ordered by U.S. District Court (EDNY) on Dec 8, 2023 in response to an SEC motion.

## SEC filing metadata
- accession: 0001104659-24-125938
- form_type: 8-K
- cik: 0001578742
- company_name: GPB Automotive Portfolio, LP
- filed_at: 2024-12-05T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.03, 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1578742/000110465924125938/0001104659-24-125938-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1578742/000110465924125938/tm2430305d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-125938
- JSON: https://secwatch.observer/filing/0001104659-24-125938.json
- Plain text: https://secwatch.observer/filing/0001104659-24-125938.txt

## Key facts
- Distress & Bankruptcy
  GPB Automotive Portfolio, LP entered receivership in U.S. District Court for the Eastern District of New York (petition 2023-12-08).
  - Proceeding: receivership
  - Court: U.S. District Court for the Eastern District of New York
  - Petition: 2023-12-08
  source text: On December 8, 2023, the U.S. District Court for the Eastern District of New York (the “ Court ”) entered an order (the “ Receivership Order ”), in response to a motion filed by the U.S. Securities and Exchange Commission, appointing Joseph T. Gardemal III as the receiver (“ Receiver ”) over GPB Capital Holdings, LLC (“ GPB ”), GPB managed partnerships (including GPB Automotive Portfolio, LP (the “ Partnership ”)) , and certain GPB affiliated entities, including Highline Management, Inc.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1578742/000110465924125938/0001104659-24-125938-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.