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Newspaper
Tucson Daily Citizen
Location
Tucson, Arizona, United States of America
Date
Jun 17, 1959
Page
7
A Tucson lawyer explains that receivership conserves a troubled firm's assets for creditors, appoints a court-backed receiver to manage property, and is temporary. It can either restore solvency and return control or lead to asset liquidation to pay creditors, unlike bankruptcy.
Four persons pleaded guilty to drunk driving charges in lower courts yesterday. Charles D. Caudill, 20, of 3727 N. Los Altos Ave., fined $125 and eight days in jail by Justice of the Peace Norman Green. Robert L. Owens, Vera Lee Phillips, and David Griffith were fined $100 and given 10-day terms by different magistrates.
UPI reports that by tomorrow lawyers plan to file federal court suits totaling over 2 million on behalf of 16 of 17 Mexican farm workers killed and 30 injured in a fiery truck crash in Phoenix. Plaintiffs seek about 125000 for each dead relative and 10000 to 150000 for injuries. Defendant names include Nate Manuel Gloria Jr. and the Garin Co. The ICC in Washington says it has no jurisdiction and will drop the probe.
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