Official Michael Fomkin Blog

  • 04:47:51 am on January 28, 2007 | 0

    ORLANDO, Fla. — A judge has clipped the wings of global music promoter and businessman Lou Pearlman.
     
    A plane belonging to one of Pearlman’s companies was confiscated to settle a debt, but that is just one of many legal battles Pearlman is facing, WESH 2 News reported.
     
    Pearlman owns the Trans Continental collection of companies, and he owes at least $65 million to three banks, if their claims in a variety of lawsuits are correct.

    Source: wesh.com

    Tags: promoter | judge | debt | Woes | Wesh | trans | People | Orlando | news | Fla. | faces | continental | business

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