Giordano's Bankruptcy Case Gets Weirder
Posted on Jun 28, 2011 9:00pm PDT
The bankruptcy case for Giordano's reached an all-time low this week as one man was physically removed from the court room.
According to court insiders, Marshall Home filed a claim against Giordano's, for the amount of $150 million, that a bankruptcy trustee is now claiming to be false. However, Home was invited to the bankruptcy hearing by John Apostolou, the owner of the popular restaurant chain, who is trying to salvage his company from complete ruin.
In fact, Apostolou is now trying to end the bankruptcy claim against his company. He told the court recently that Giordano's is free of all contracts, making them eligible to drop the bankruptcy case against them. Zane Smith, one of Giordano's lawyers, has stated that Home's claim is "zany" at best, and there is no evidence that any loans were made by Apostolou to Home, nor did he receive any loans from the Arizona man.
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