Saturday, January 5, 2013
A judge reportedly rejected efforts to keep a firm connected to the former Upper Crust owner from returning to the bankrupt pizzeria's storefront.
Weeks after an auction of assets belonging to the now-bankrupt The Upper Crust, an attorney representing former workers at the pizzeria chain reportedly has failed in an effort to buy the now-closed location on Waltham Street in Lexington. The Boston Globe reports that lawyer Shannon Liss-Riordan had offered to pay $200,000 more than the offer sale price that had been accepted at auction last month for the Lexington, Wellesley, Watertown and South End locations. The winning bid for those assets came from a firm with ties to the former owners of The Upper Crust. But according to the Globe, bankruptcy Judge Henry Boroff said it was too late for the lawyer's offer since all of Upper Crust’s assets were auctioned on Dec. 19.
Tuesday, December 18, 2012
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…
Tuesday, November 13, 2012
The pizzeria chain has closed several locations, and the future is uncertain.
The Upper Crust in Lexington has closed its doors, although it may be temporary. The Boston Globe reports that several locations of the pizzeria chain have shut down, temporarily at least. The Globe called the Upper Crust in Watertown, where an employee who answered the phone said that restaurant was closed and that the company is undergoing reorganization and "we are closed for at least next couple of days." Upper Crust has been facing financial difficulties, and in September the company defaulted on a TD Bank loan. Company officials filed for bankruptcy protection. The company's troubles also include a U.S. Department of Labor ruling that they owed employees back overtime pay.