Araldica Dismissed From Bankruptcy Proceedings.NEW ROCHELLE, N.Y.--(BUSINESS WIRE)--Feb. 2, 1999--Araldica Wineries, Ltd. announced today that its application of 16 December 1998, to the United States Bankruptcy Court bankruptcy court n. the specialized Federal court in which bankruptcy matters under the Federal Bankruptcy Act are conducted. There are several bankruptcy courts in each state, and each one's territory covers several counties. in White Plains, New York For other places with the same name, see White Plains (disambiguation). White Plains is a city in south-central Westchester County, New York, about 4 miles (6 km) east of the Hudson River and , requesting that it be dismissed from the Court's jurisdiction, has been granted by Federal Southern District Judge Adlai S. Hardin, Jr. The company had filed for voluntary Chapter 11 reorganization on November 4, 1998. The company also announced today the relocation of its corporate offices, from New Rochelle, New York New Rochelle (French: Nouvelle-Rochelle) is a city in the southeast portion of the U.S. state of New York in Westchester County, 16 miles (26 km) from Grand Central Terminal in New York City and 2 miles north of the border with The Bronx. to 137 Fifth Avenue in Manhattan, to be effective on Monday, 15 February, 1999. Araldica Wineries, Ltd. (which trades publicly under the symbol "AWLT", on the OTC bulletin board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. ), is in its 6th year of operation; its business activities now encompass the manufacture, importation and distribution of premium Italian wines and olive oils, as well as the importation and sale of selected gourmet/specialty Italian foods. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion