Reported to be among the bidders at tomorrow's auction for the bankrupt pizza places: both ex-workers (+ their lawyer) and ex-managers.
The attorney who represents ex-employees in a class-action lawsuit is among the bidders at tomorrow's auction for 10 Upper Crust locations. The pizza chain went under in October, with, says the Boston Herald, debt of $3-4 million. The Herald writes: The company sought bankruptcy protection after it defaulted on bank loans, the U.S. Labor Department forced it to pay $342,000 in back wages to 121 employees, and several lawsuits were filed against it. Some of those same employees, along with their lawyer, are among bidders for the bankrupt company, according to the Boston Globe. The Globe quotes attorney Shannon Liss-Riordan, who represents workers in their suit, as saying: The plan is for employees to have ownership shares, and we are very…
42.366844
-71.186666
The Upper Crust Pizzeria
94 Main St, Watertown, MA
/articles/bidding-to-buy-upper-crust-ex-workers-and-their-attorney
768556
/locations/8411213
The chain of gourmet pizza restaurants, including a Watertown location, filed for bankruptcy and reportedly owes $3.4 million to creditors.
The Upper Crust Pizzeria chain has filed for bankruptcy protection after defaulting on millions of dollars in loans, according to the Boston Globe. The embattled gourmet pizza chain was ordered by the Federal Labor officials to pay overtime to employees, and has been accused of improper use of assests for personal use by executives, and recently shut down some locations, including the Waltham restaurant. The Boston-based company defaulted on a loan to TD Bank in September, and owes $3.4 million to creditors, according to the Globe story. The list of creditors to which chain reportedly owe money, according to documents filed in federal bankruptcy court, includes former attorney general Thomas F. Reilly of Watertown who is owed nearly $230,…
42.366844
-71.186666
The Upper Crust Pizzeria
94 Main St, Watertown, MA
/articles/upper-crust-pizza-files-for-bankruptcy-protection
768556
/locations/7981458
