Article: Suit seeks to detour takeover of Rocky Mount by ex-execs. (Rocky Mount Undergarment Co. Inc; David Greenberg, Herbert Greenberg)

Suit seeks to detour takeover of Rocky Mount by ex-execs

WASHINGTON (FNS) -- Two former executives of Rocky Mount Undergarment Co., Inc., who resigned after they were accused of defrauding the company, are leading a group trying to take over Rocky Mount to delay prosecution of those charges, according to a complaint filed by the company.

Rocky Mount has asked a federal court to block former president and chief executive officer David Greenberg and his brother, former vice president and secretary Herbert Greenberg, from gaining control of the company.

The suit also asks the court to order the group to divest itself of the 48.3 percent stake it has ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!