Creditors win right to go after Roberts’ other holdings
Published: December 19,2011
JACKSON — Creditors in a bankruptcy case involving Roberts Broadcasting Co. will be able to sue other businesses belonging to the company’s owners.
St. Louis-based Roberts Broadcasting is owned by Michael and Steven Roberts, who filed for Chapter 11 bankruptcy in October with debts totaling more than $4 million.
The St. Louis Post-Dispatch reports several real estate and hotel businesses owned by the Roberts brothers were not included in the bankruptcy.
Creditors in the bankruptcy case filed a petition last week asking to sue those other companies to recover money that had been transferred from the four TV stations.
After a hearing Wednesday in St. Louis, a judge approved the creditors’ request.
Roberts Broadcasting owns WRBU-Channel 46 in St. Louis, and stations in Jackson, Columbia, S.C., and Evansville, Ind.
To sign up for Mississippi Business Daily Updates, click here.
One Response to “Creditors win right to go after Roberts’ other holdings”
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Winchester lands $50M ammunition contract from Homeland Security
- Deer processors need to use caution to insure safe, tasty venison
- Travis retiring as head of Mississippi World Trade Center
- Pearl ordering rental properties to retrofit with sprinklers, build storm shelters
- Court rules board can discipline West Virginia radiologist
- Peavey Electronics reorganizing under new globalization plan
- Drew Brees settles lawsuit alleging investment fraud
- Canadian company purchasing Southern Lumber for nearly $50M
- Legislators begin work on FY2016 state budget