Some new developments emerged in recent days with Arrow Trucking, now two months after its Dec. 22 closing.
Two items are from the Tulsa World. One details how lawsuits filed individually against executives are moving forward even though bankruptcy proceedings protect the company from further lawsuits. Several of the civil cases are against Former CEO Doug Pielsticker.
In the other, Pielsticker responds to allegations against him “by claiming that his former chief financial officer is primarily responsible for fraudulent invoices, millions of dollars in unpaid federal taxes and the demise of the company.”
And finally, Landline magazine reports that some of Arrow’s former drivers are going to be able to refinance their trucks and complete their lease-purchases. This had been in doubt after it was disclosed that Arrow was not in a position to sell the trucks to begin with.
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