Ex-Meruelo CEO, President Want $3M In Unpaid Wages

Law360, New York (September 9, 2011, 7:05 PM EDT) -- Meruelo Maddux Properties Inc.'s former president and its ex-CEO told a California federal judge Thursday that the reorganized developer owes them more than $3 million total in unpaid wages.

In similar motions for administrative claims, former President John Charles Maddux claims the company has refused to pay him $538,000 in cash bonuses and expenses, while former CEO Richard Meruelo is seeking $563,425 in bonuses and $2 million in severance payments, wages and fees.

A California judge on June 24 approved a plan of reorganization for the...
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