December 05, 2014
Former Metro Fuel Oil Corp. chief financial officer Thomas Torre, accused of drawing $30 million from a bank line of credit before parking the company in bankruptcy, is likely to plead guilty to some or all of the allegations, lawyers told a New York federal judge on Friday.
February 04, 2013
Metro Fuel Oil Corp.'s unsecured creditors objected Monday to New York Commercial Bank's calls for liquidation of the bankrupt Brooklyn-based fuel supplier just as the company is slated to go on the auction block.
January 30, 2013
New York Commercial Bank pressed a bankruptcy court Tuesday to convert the Chapter 11 case of Metro Fuel Oil Corp. to a Chapter 7 case, arguing the Brooklyn-based fuel supplier had virtually no chance of reorganizing or repaying a $41.3 million debt.
December 14, 2012
The unsecured creditors committee for bankrupt Metro Fuel Oil Corp. on Thursday asked a New York bankruptcy judge to allow it to examine the fuel supply company's former chief financial officer in connection with alleged financial irregularities that occurred on his watch.