Heilig meyers liquidating trust
NEW YORK — Long-gone furniture retailer Heilig-Meyers is still making waves in a fraud case involving asset-backed securities that share some of the same characteristics of the investment instruments that led to the current financial meltdown. The suit contends that the retailer kept two sets of books and used an accounting method that led investors to believe that Heilig-Meyers was more profitable than it was.
The New York Times reported that the amended suit, filed by AIG and other investors against Bank of America in 2003, is set to go to trial in U. The case involves asset-backed securities sold in 1998 that were pools of receivables - the financial contracts of Heilig's customers, who had bought furniture on credit.
Heilig-Meyers is the second furniture chain with Athens outlets to seek Chapter 11 protection this year.
Roberds closed its Athens store, 4435 Atlanta Highway, in May and held a liquidation sale over the summer.
The Athens store, managed by Jim Heaster and employing 12 people, will remain open.
The closings will leave the Richmond-based chain with 596 stores and about 12,900 employees in 29 states, company spokesman Barry Brockwell said.
I had to take it to Corinth, ms to their store there and drop it off.
They to went out of business acouple of weeks later. I tried contacting them several times and got nothing.
Corporate Advocacy Program: The best way to manage and repair your business reputation. Consumers want to see how businesses take care of business. How those businesses take care of those complaints is what separates good businesses from bad businesses.I tried for another month to get them to come get it and fix it.In the meantime they went out of business here in savannah, tn.Part Two describes a shareholder lawsuit accusing Heilig–Meyers’ auditors of violating Rule 10(b)(5) of the Securities Exchange Act of 1934.Students evaluate the plaintiffs’ charges and the defenses the auditors used to have most of the complaint dismissed.
I bought a riding lawnmower from heilig meyers 7/97 used it 2 times and it tore up. A month later they brought it back while while I was at work.