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Simmons Company Sued For Mill Million in Grand Rapids
Grand Rapids, Sept 21. Suit for more than $1,000,000 filed in Kent County Court by Michigan Trust Co and William H. Gilbert as receivers of Berkey and Gay Furniture Co against the Simmons Company. The bill alleges dissipation of working capital, concealment of facts, and improper transfers to favor the Simmons firm, seeking repayment and damages to bondholders and preferred stockholders. The case raises issues on parent subsidiary relations and rights of Grand Rapids investors.
MENTIONED IN THIS ARTICLE
Grand Rapids
Kent County
Michigan Trust Company
William H. Gilbert
Berkey and Gay Furniture Company
Simmons Company
New York City
Grand Rapids Press
Berkey and Gay
First Mortgage
Fred M. Raymond
Parent Company
Berkey and Gay Furniture Co
Simmons
Simmons Co
Lable
Berkey & Gay Furniture Co
United States
Southern
A and Gay Furniture Co
Chicago
Berkey & Gay
Wash
Chicago Furniture Mart
Berkey 4 Gay
Simmons Wood Furniture
Berkey & Gay Furniture Company
Berkey & Gay Furnituer Company
Berkey and Gay Furnituee Co