A decision will be made on whether Sunwest will be sold or remade as a separate company.
Sunwest Management Inc., a company whose recent history has been plagued with lawsuits and bankruptcy, will soon hit another turning point.
A decision is expected soon on whether Sunwest will be sold or remade as a new “stand-alone” company.
Its cash-flow problems became obvious in 2008 when investors in Sunwest properties stopped receiving payments. This spring, the Securities and Exchange Commission filed a civil lawsuit, alleging securities fraud.
In the fall, Sunwest’s tangled collection of related entities were consolidated into a Chapter 11 bankruptcy.
Read the full story at the Statesman Journal.
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