Wells Fargo: Peter Pan in “Imminent Danger of Insolvency,” Asks Court to Put in Receivership
Last Wednesday, Northwest lender Wells Fargo Bank asked the King County Superior Court to move Peter Pan Seafoods into receivership to protect creditors. The news comes as more lawsuits are being filed by fishermen who claim the company has not paid them for deliveries last year.
Wells Fargo was the single biggest lender to the iconic but financially troubled seafood processor last year. Wednesday’s petition to the court names Peter Pan Seafood Company, Alaska Fish Holdings, and Raymond Machine Shop as owing more than...
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