Former Kmart head ordered to pay millions
DETROIT — A judge on Thursday ordered a former Kmart CEO to pay more than $10 million for misleading investors before the retail chain filed for bankruptcy protection in 2002.
Read more on Asbury Park Press
Share and Enjoy:
Business Beat: Tops spokeswoman: Future of former P and C stores unclear
The future of P and C stores in Hartwick Seminary and Norwich remains unknown, a spokeswoman for Tops Friendly Markets said Monday.
Read more on The Daily Star
Share and Enjoy:
4 former Penn Traffic supermarkets to close
SYRACUSE – Four former Penn Traffic supermarkets in three states will soon be closed under the new owner, Tops Friendly Markets.
Read more on The Auburn Citizen
Share and Enjoy:
Brown’s co-founder ordered to pay former co-owner
A DuPage County judge has ruled that Hinsdale resident Frank Portillo Jr., the chairman and co-founder of Brown’s Chicken & Pasta of Elmhurst, is personally responsible for paying a former longtime company co-owner and vice president $882,000 over a three-year period to buy out his shares.
Read more on The [...]
Bonita Bay offers 30 percent refund of deposits to former Mediterra club members
NAPLES —Thousands of dollars may be too tempting for some Mediterra residents to pass up.Bonita Bay Group this week offered residents who chose not to join The Club at Mediterra a cash payment of 30 percent of the amount of their membership deposits. [...]
Bankruptcy Feeds