Phar-Mor asks for bankruptcy protection
Article Abstract:
Phar-Mor filed for Chapter 11 bankruptcy protection on Aug 17, 1992. The firm also filed a lawsuit against Coopers and Lybrand for negligence in auditing, and Phar-Mor co-founder Michael Monus sold his stake in the Colorado Rockies baseball team.
Publication Name: Facts on File
Subject: Business, general
ISSN: 0014-6641
Year: 1992
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Accounting firm sued by RTC
Article Abstract:
The RTC filed a lawsuit against Arthur Andersen for negligence during the audit of Ben Franklin Savings Assn. The $400-million suit is believed to be the largest of its kind.
Publication Name: Facts on File
Subject: Business, general
ISSN: 0014-6641
Year: 1992
User Contributions:
Comment about this article or add new information about this topic:
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