Operator

Long-Term Care Operator Petersen Health Care Plans to Sell Facilities Amid Bankruptcy Challenge

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Peoria, Illinois – Long-term care operator Petersen Health Care has announced plans to sell off portions of its facilities after filing for Chapter 11 bankruptcy. The company, which currently operates almost 100 senior care facilities in the rural Midwest, is burdened with nearly $300 million in debt, including millions of dollars owed in loans that resulted in eight Petersen-run facilities in Illinois being placed in receivership. To aid in its restructuring efforts, Petersen secured a $45 million bankruptcy loan with the goal of maintaining operations to preserve the value of its facilities and generate additional … Read more

Jury Awards Fast Food Operator Over $30 Million in Lawsuit Against Major Popeyes Franchisee

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Dallas, Texas – A Dallas County jury has awarded over $30 million in damages to a fast food operator who claimed he was defrauded by a major Popeyes franchisee. Scott Stockton, a 73-year-old seasoned operator, worked for a subsidiary of Dallas-based Sun Holdings Inc. and owner Guillermo Perales. Stockton managed up to 150 Popeyes restaurants over a 17-year career with the company. The lawsuit, filed in 2019, alleged that Perales asked Stockton to defer his 5% annual profit share in exchange for an interest in the larger company. However, when Stockton retired in 2018, Perales … Read more

Forklift Operator Wins $13 Million in Landmark Lawsuit Against Raymond Corporation

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EFFINGHAM, Illinois – In a retrial against forklift manufacturer Raymond Corporation, a jury in the United States has awarded an injured forklift operator over $13 million, according to a report from the Madison St Clair Record. Adelaida Anderson filed a products liability action in July 2019, claiming injuries sustained while operating a forklift designed and manufactured by Raymond Corporation. Anderson’s accident occurred in 2017 at a warehouse in Effingham, Illinois. After hitting a bump, she fell out of the forklift, which then ran over her leg, resulting in an injury that required amputation. The original … Read more