Who owns legal seafood

Soil Standards. Seafood Expo North America. Seafood Expo Global. Seafood Expo Asia. Become a member Login. Subscribe to SeafoodSource News You may unsubscribe from our mailing list at any time. By Christine Blank. Published on June 30, Despite the difficulties, PPX has plans to grow the longstanding restaurant chain, Lapine said.

A third was from DeVito Verdi Inc. A Martignetti executive told me the Taunton liquor distributor had withdrawn its complaint after getting its money, but the executive declined to say who paid the bill. But before he was out, did Berkowitz try to make his vendors whole? The answer is complicated — but so was the deal. The sales rep who flagged the plight of unsecured creditors had attached a PDF of two e-mails from Craig R. Jalbert , who identified himself as a certified insolvency and restructuring adviser with a Foxborough accounting firm.

In the first e-mail, from January, Jalbert explained that his job was to wind down what remained of Legal after its most valuable assets — the restaurants, its fish processing plant in the Seaport, and the rights to its iconic name — had been sold to PPX, which is backed by an Irish investment firm, Danu Partners.

Those obligations remained with the old Legal, which was basically out of money. I am told that when the deal with PPX closed, the directors and officers of old Legal resigned and — as agreed to by lawyers for the seller, buyer, and secured creditors — Jalbert was named the sole officer and manager of the shell company.

People familiar with the matter identified that second lender as the private equity firm Seacoast Capital. Reached by phone, Jalbert declined to comment on how much money was owed to unsecured creditors, which are always last in line to be paid when a company is insolvent.

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