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Article: Lisa Frank Inc.'s corporate jet is at center of new suit.
- Article from:
- AZ Daily Star
- Article date:
- September 6, 2006
CopyrightCOPYRIGHT 2006 The Arizona Daily Star. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Levi J. Long
Sep. 6--In the latest legal battle involving Lisa Frank Inc., the former chief executive of the Tucson-based crafts maker for girls has filed a lawsuit involving the repayment of a $16.7 million loan on a corporate jet. James A. Green, former president and CEO of Lisa Frank Inc. and estranged husband of company founder Lisa Frank, said in court documents that he is not responsible for paying the $16.7 million refinanced loan taken out on the Cessna 750 Citation. Green also alleges that Lisa Frank Inc., a privately held company, is attempting to sell the airplane and will not use the money from the sale to repay the loan.
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Article: Former executive sues Tucson, Ariz.-based girls crafts company.
AZ Daily Star (Tucson, AZ);
April 19, 2006 ;
700+ words
... ... filed for divorce from James A. Green, who was then the president of Lisa Frank Inc. Since then, Frank and Green have waged a state court battle ... according to court documents filed by Lisa Frank Inc. Green is setting up his own office ...
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