Printer Friendly

No headline.

COLUMN: DIGEST

Court denies Boston Hill appeal

A federal appeals court has denied a last-ditch effort to stall the foreclosure auction for the 118-acre Boston Hill property in Westboro, Shrewsbury and Northboro, scheduled to occur this morning.

Charles T. Sanderson III and Boston Hill Realty Trust had appealed U.S. District Court Judge F. Dennis Saylor's decision not to stop the foreclosure auction. The denial came Wednesday afternoon, via a notice by Clerk Richard C. Donovan to lawyers for Mr. Sanderson and Gemstone Investments Inc. of Worcester, the company that is holding the foreclosure auction.

Boston Hill and Mr. Sanderson previously had stopped the auction by twice filing for bankruptcy, and then filing a lawsuit alleging racketeering, conspiracy and extortion against the owners of the property's first mortgage, Gemstone Investments.

Mr. Sanderson alleged in his federal lawsuit that Westboro businessman David G. "Duddie" Massad, his daughter, lawyer Pamela Massad, and Commerce Bank & Trust conspired to prevent him from selling off pieces of the property to pay off the property's many debts.

The auction is scheduled to occur at 11 this morning at the property, which straddles the three towns.

Hartford Courant to cut positions

HARTFORD - The Hartford Courant says it will cut nearly 60 newsroom positions and 25 percent of its news pages as Connecticut's largest newspaper struggles with an industrywide decline in advertising.

The Courant plans to reduce its newsroom staff from 232 to about 175, with most of the cuts implemented by July 31.

The cuts are part of a decision by The Courant's parent company, Chicago-based Tribune Co., to cut costs at its newspapers.

The number of pages devoted to news in The Courant will fall to 206 a week, from 273. At the end of September, the newspaper will roll out sweeping changes in design and presentation, including possible combinations of some sections.

Newsroom employees will be offered voluntary buyouts to achieve the staff reduction, but layoffs are also possible. Four of the jobs are now vacant.
COPYRIGHT 2008 Worcester Telegram & Gazette
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2008 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Title Annotation:BUSINESS
Publication:Telegram & Gazette (Worcester, MA)
Date:Jun 26, 2008
Words:331
Previous Article:Found money; Some are saving stimulus checks.
Next Article:Australian manufacturer buys ThermalCast plant.
Topics:


Related Articles
Huckabee to headline business pubs luncheon.
No headline.
No headline.
No headline.
No headline.
Euro: Financial Crisis Furthers Euro Zone Recession Fears.
The Backup files; A look back at the week in business.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters