Upper Crust in Danger of Going Under
The financially and legally troubled Boston-based pizza chain has shut some locations, including its Brookline location, and its future remains uncertain.
The locally owned pizza chain Upper Crust needs a cash infusion of a least a hundred thousand dollars to keep its doors open, or it could close forever, according to the Boston Globe.
Upper Crust declared bankruptcy last month and is also in the midst of a scandal that it owes $850,000 to its workers in back wages, according to the US Department of Labor. A separate investigation into the company in 2009 found the company had also violated several labor laws and owed employees $425,000.
At a hearing in US Bankruptcy Court Tuesday, the trustee, Mark G. DeGiacomo, said the company needed $120,000 to keep the doors open, according to the Globe. However, that cash did not come through.
The chain has rapidly shut down 10 out of its 16 area locations. The business may have to shut down completely if no cash infusion is received, according to the Globe.
Bill Davidson
7:52 am on Wednesday, November 14, 2012
A 11/13/12 article on Boston.com indicates that Upper Crust "locations in Beacon Hill and Brookline" are still in business and "are operated separately by company founder Jordan Tobins and are not part of the bankruptcy."