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Bankruptcy petition filed against PreVu
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Bankruptcy petition filed against PreVu
Creditors with claims against PreVu Inc., the retailer formerly known as Wilsons the Leather Experts Inc., filed a petition in federal court to force the company into bankruptcy. The claims, totaling $843,194, stem from lease obligations at 13 malls, according to an involuntary Chapter 7 petition filed in U.S. Bankruptcy Court in Wilmington, Del. PreVu said last month that it was unable to get financing to stay in business and would liquidate its remaining stores. Eleven of the petitioning creditors are affiliates of General Growth Properties Inc., a nationwide mall operator and PreVu landlord.
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U to host big conference
The University of Minnesota will host the annual conference of the Association of University Research Parks in 2010. The conference will focus on ways research parks and innovation can aid the world’s economic recovery. Pretty good timing for the U. Through state-approved bonds, the school is spending $292 million to build four biomedical buidlings on its [...]
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