Doman reaches new deals with unsecured creditors: Founder to retain token stake in firm

Article Abstract:

A deal was struck between 50-year-old insolvent Doman Industries Ltd. and its unsecured creditors to restructure its operations and leave chairman and founder Herb Doman with a token stake in the company launched by him. Under a plan that would be put to the British Columbia Supreme Court for approval on 30 April, 2004, Doman Industries will be controlled by an unsecured creditor group led by Brascan Financial Corp. of Toronto.

Organizational history, LUMBER AND WOOD PRODUCTS, Forest products, Company restructuring/company reorganization, Reorganization and restructuring, Forest products industry, Company organization, Doman Industries Ltd.

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Court told BMO account used in alleged frauds

Article Abstract:

Bank of Montreal accounts were used in a massive securities fraud case that involved Edward Durante and two other men. The case, which has links to the Mafia, focuses on $115 million that passed through the BMO accounts.

United States, Legal issues & crime, Police Protection, Fraud, Banking industry, Crimes against, Bank of Montreal

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VisuaLabs scientist alleged to have tricked shareholders

Article Abstract:

Sheldon Zelitt, a scientist at VisuaLabs Inc. is suspended for misrepresentations made to shareholders.

Electronic components, not elsewhere classified, Other Electronic Component Manufacturing, Other staff changes & profiles, Displays NEC, Officials and employees, Cases, Display devices (Electronics), Electronic components industry, Zelitt, Sheldon, VisuaLABS Inc.

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