Court approves sale of Gordy’s to Nash Finch
By Julia Wolf
The sale of five Gordy’s Market, Inc., locations was approved at a motion hearing March 8, including the Cornell location. Nash Finch Company, a food distribution company, brought the suit against Gordy’s, saying the grocery chain owed over $46 million, as of Jan. 9.
Lauren Stanley, in court on behalf of receiver Michael Polsky, updated the court on the case. Stanley said a stipulation filed prior to the hearing, resolved a motion for alternative relief, which was withdrawn; the objection to the financing order was also withdrawn; and the counterclaim filed by the defendant, which was dismissed with prejudice.
The court approved the stipulation after there were no objections.
See Thursday, March 14, 2019, issue of the Courier Sentinel for more of this story.
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