Thomson McKinnon Unit Files Chapter 11: Thomson...
From Times Staff and Wire Reports
Thomson McKinnon Unit Files Chapter 11: Thomson McKinnon Inc.’s brokerage unit, Thomson McKinnon Securities Inc., filed for Chapter 11 bankruptcy court protection to wind up its liquidation eight months after selling most of its operations. The filing in U.S. Bankruptcy Court freezes pending legal action against the collapsed Wall Street firm and places other contentious issues in liquidating the firm under the auspices of a federal judge. Thomson McKinnon Securities listed assets of $89 million and liabilities of $139 million.
