New Orleans Hospitality Companies, the company the Mayor and Board of Aldermen want to manage our Convention Center, seems to have some legal problems. Here are some excerpts, but read the whole article.
"Paddlewheels, which operates Mississippi River excursions on its Cajun Queen and Creole Queen vessels, is part of Hospitality Enterprises Inc., one of the city's largest locally owned tourism companies. The company filed for Chapter 11 bankruptcy reorganization in May after the Louisiana Supreme Court affirmed a $2.8 million tax judgment in favor of the city of New Orleans in late April. "
"Another Hospitality Enterprises property, the New Orleans Tours bus company, also filed for Chapter 11 bankruptcy reorganization this spring after losing money for a number of years."
"Bankruptcy court is becoming the venue for resolving another long-running dispute: a family feud between the owners of Hospitality Enterprises. . . As questions mount about the extent of debts at New Orleans Paddlewheels Inc., the company's largest shareholder has called for U.S. Bankruptcy Court to either appoint a trustee to manage the firm's affairs or appoint a liquidator to dispose of its assets. "
"In October 2001, Reuther's nephew, lawyer Jim Smith Jr., locked Reuther out of his South Peters Street offices and ousted him, revealing that his titles of chairman and chief executive officer were a fiction because they didn't exist in the company's bylaws. Smith has run the company ever since as its president. . . Reuther's wrongful termination suit has languished in court for the past five years without resolution. "I don't know about you, but I wouldn't hire this guy! Plus I'll have more disturbing info later.
Very troubling. Don't these dudes ever do any homework?