Bridgeport holdings liquidating trust v boyer

Finally, the Court granted the Motion as to waste claims, holding that the Complaint did not allege facts that support the conclusion that no reasonable person would find million adequate for the Assets of a failing entity.

denying in part and granting in part the motions of the directors and officers of Bridgeport Holdings Inc.

In late August 2003, the company formally retained a restructuring advisor and appointed him to the position of Chief Operating Officer.

Within 72 hours of commencing work, the restructuring advisor determined to sell the company’s assets.

In no event shall KCC be liable to you or any third party for any direct, indirect, incidental, consequential or special damages (including, but not limited to, damages arising from the disallowance of a potential claim against a client of KCC or damages to business reputation, lost business or lost profits), whether foreseeable or unforeseeable and however caused, even if KCC is advised of the possibility of such damages.After several years of declining financial performance, in early August 2003, the company concluded that its best option was to execute a sell strategy.At that point, one of the directors called upon an acquaintance at another company, CDW Corporation (“CDW”), to talk about purchasing Micro Warehouse.S., reopening its closed A&P supermarket in Passaic, New Jersey as its first Food Basics in the US.A&P was pleased with the results and within several months of opening the Passaic store, A&P decided to expand the Food Basics banner into nearby Paterson, and renovated an A&P store there.

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