8 Superior Court of Worcester County, Massachusetts (docket no. 82- 22879). The plaintiffs alleged that petitioner and the others had: (a) Conspired to terminate the business of Northeast and to appropriate for themselves the business, goodwill, and assets of Northeast; (b) created false invoices; (c) caused Northeast to breach contracts with suppliers and thereby lose future profits; (d) taken equipment and funds of Northeast; and (e) made misrepresentations to Zayre which caused it to buy and immediately pay for a million pounds of premium paper. In the complaint, the plaintiffs alleged that Northeast owed them $2,958,720.24 when it stopped doing business. They alleged that, at the time the complaint was filed, Northeast owed $561,530.53 to the bank, $406,812.39 to Zayre, and $946,132.33 to CNI. The complaint does not explain why those amounts totaled less than the plaintiffs alleged Northeast owed when it stopped doing business. The plaintiffs alleged that petitioner was liable for Northeast's debts to the bank because he and McKee had signed guarantees. The bank also sued petitioner, McKee, McKee's wife, and Northeast in the Superior Court of Worcester County, Massachusetts, for the indebtedness of Northeast on the line of credit (docket No. 82-22880). We sometimes refer to these cases as the Northeast litigation. Petitioner denied the allegations and made counterclaims, cross-claims, and third-party claims. He contended that thePage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011