Wednesday, July 20, 2011

The Syms Lawsuit Gets Juicier.

From here:

Esopus Creek Advisors -- a New York hedge fund that has sued Syms for access to the embattled company's books and records -- has asked a judge to order ex-Syms CFO Seth Udasin to give testimony in the brewing legal dispute.

Udasin, who resigned July 8 after just 13 months as Syms' finance chief "for personal reasons," couldn't be reached for comment yesterday.

Esopus Creek, which has raised questions about Syms' management and its recent efforts to sell the company, argued in a July 14 motion in a New Jersey court that it could get some answers from Udasin.

This gets more and more interesting, every single day.

Disclosure: I am long shares of SYMS. This is not advice of any kind. Always do a ton of your own research in regard to anything that I say, do, write, or so much as even think about.

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