Friday, December 21, 2007

SiriComm files for Chapter 11 bankruptcy

SiriComm, a Joplin based company, filed for Chapter 11 bankruptcy today in U. S. Bankruptcy Court for the Western District of Missouri. The decision to file was made at a special meeting of the company's board of directors on Dec. 10, according to court records.
SiriComm reported $3,991,222 in assets and $3,912,400.16 in debts. Among those listed as unsecured creditors in court documents are ViaSat, Los Angeles, Calif. $1,850,041.32, Henry P. Hoffman, 3820 Old Orchard Road, Joplin, $187,872,60; and Idling Solutions, Plano, Texas, $168,432.

SiriComm employees' difficulties collecting back pay from the company were detailed in an article in the Dec. 20 Joplin Globe:

Asked about the back pay allegedly owed to workers, Mark Grannell, SiriCOMM president and chief executive officer, said Wednesday: “We are really not in a position to comment on it at this point in time.”

He characterized the amounts allegedly owed to the former workers as “extremely misleading” and “grossly misstated.”

When pressed for more answers, he said: “I am not in a position to talk about personnel problems.”

Grannell said former employees are to contact him if they have questions about pay. But some of the employees say they have moved past that, and that attempts to talk to company executives about pay issues have been ignored.

For the company, this is the latest in a string of problems, including lawsuits filed in Newton County. One of those lawsuits was filed in November by Hank Hoffman, a former president and chief executive officer, alleging breach of contract.

Hoffman said he would not comment on the lawsuit.

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