ALEXANDER & ALEXANDER ERRONEOUSLY LISTED AMONG UNSECURED CREDITORS OF R.H. MACY & CO.
ALEXANDER & ALEXANDER ERRONEOUSLY LISTED AMONG UNSECURED CREDITORS OF R.H. MACY & CO. NEW YORK, Jan. 29 /PRNewswire/ -- A bankruptcy petition filed on Jan. 27 by R.H. Macy & Co. erroneously listed Alexander & Alexander (A&A) among Macy's unsecured creditors. As a result of discussions with A&A, legal counsel representing R.H. Macy has confirmed that the listing of A&A as a creditor is in error. A&A is an insurance brokerage, risk management and human resource management consulting company. The reported $6.3 million obligation reflects premiums due an insurance carrier in connection with casualty coverage. A Jan. 27 court order authorizes R.H. Macy to pay the obligation. -0- 1/29/92 /CONTACT: Gary Sullivan of Alexander & Alexander, 212-840-8500, or home, 212-838-6689/ (AAL) CO: Alexander & Alexander Services Inc. ST: New York IN: INS SU:
KD -- NY089 -- 4952 01/29/92 17:19 EST
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|Date:||Jan 29, 1992|
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