Welcome to the LOUDEST DOT COM ON THE PLANET!
KNAC.COM
LISTEN NOW!WATCH NOW! LOGIN JOIN
MAGAZINEON-AIRDOWNLOADSCHATBOARDSCONTESTSSTORE
News

Great White - Station Club Update

By Newsferatu, Writer
Friday, October 21, 2005 @ 9:42 PM


Nightclub Owners File List Of

- advertisement -
- advertisement -
From the Associated Press:

The owners of a nightclub where a fire killed 100 people submitted a list of their assets on Friday, providing a detailed view of their finances a month after filing for bankruptcy.

Jeffrey and Michael Derderian, owners of The Station nightclub in West Warwick, sought Chapter 7 protection in late September, estimating their debts as greater than $100 million and saying they were no longer able to pay their creditors.

The Derderians followed up their initial bankruptcy filing by offering a more comprehensive inventory of their personal goods and assorted household items.

In the documents filed Friday, Michael Derderian lists a home in Narragansett valued at $375,000 and roughly $73,000 in personal property - including bank accounts, a watch, a wedding band and a Chrysler Town and Country minivan.

Jeffrey Derderian lists a $284,000 Cranston home and nearly $51,000 in personal property. On a list of property claimed as exempt, he includes a pension, a 2001 Honda Civic LX, a digital camera and video camera, compact discs, a $1,500 antique dining room set and other belongings.

Michael Derderian's home is subject to a $365,000 mortgage for which he is not contractually liable, the filings show, while there is a secured claim of almost $202,445 on Jeffrey Derderian's Cranston home.

Michael Derderian lists his total liabilities as just under $88,541, while his brother says his liabilities are almost $361,451.

The Feb. 20, 2003, fire was triggered by pyrotechnics set off during a performance by the rock band GREAT WHITE. More than 200 people were injured. The bankruptcy filing last month stayed a civil contempt hearing in Workers' Compensation Court, which was scheduled to address the Derderians' failure to make complete payments to the families of four nightclub employees killed in the fire.

The Derderians said last month that they had begun making payments to those families and would continue to do so.

Jeffrey Derderian, who was working as a television reporter for WPRI-TV at the time of the fire, lists his current occupation as business development and his employer as Lang Naturals, which has a Middletown address.

The Derderians and former Great White tour manager Daniel Biechele each face 200 counts of involuntary manslaughter in a criminal case resulting from the fire. All three men have pleaded innocent. The Derderians have also been sued in federal court by the survivors of the fire and relatives of the victims. The civil claims against them have been temporarily stayed as has the workers' compensation case, the court filings show.

"The bottom line, it's obvious that the Derderians couldn't possibly be able to pay the potential exposure that could result if the civil litigation were to have gone forward," said the brothers' bankruptcy lawyer, Christopher Lefebvre.

The new documents list more than 500 creditors with tort, personal injury, wrongful death, breach of contract and other claims against each of the Derderians. The filings say the amount of each creditor's claim is unknown. Chapter 7 bankruptcy protection usually leads to the liquidation of assets so debts can be cleared.


Please log in to view RANTS

If you don't have a username, click here to create an account!

Username: 
Password: 

Message: 
 
 

 





 Recent News
Represent! Get Your KNAC.COM Bumper Sticker
Happenings This Week on KNAC.COM
IRON MAIDEN Announce "Legacy Of The Beast" 2019 Dates
NORDIC NOISE Announces First Bands For 2019
A PERFECT CIRCLE Drop Gleefully Apocalyptic Video For "So Long, And Thanks For All The Fish"
TRIPTYKON, ROADBURN Collaborate In The Completion Of CELTIC FROST's Unfinished Requiem
More MEGADETH Inaugural MEGACRUISE Details Revealed
QUIET RIOT Set To Release One Night in Milan Live Album
CRIMSON REIGN Debut '"The Darker Side Of Life" Video
CORROSION OF CONFORMITY Announces 2019 North American Headlining Tour
MEMPHIS MAY FIRE Premiere "The Old Me" Video
Ex-DOKKEN Supergroup Changes Band Name From SUPERSTROKE To THE END: machine
VANDENBERG'S MOONKINGS Release Lyric Video For "Walk Away"
DEKO MUSIC Launches New Label With Specialty Vinyl Releases
SILVER TALON Rises From SPELLCASTER Ashes
TANTRIC Premieres Official "Letting Go" Music Video
RAVEN Set To Unleash New Live Album Screaming Murder Death From Above: Live in Aalborg
SLEEPKILLERS Drop Video For "Dirty Foot"
BILLYBIO (BIOHAZARD/POWERFLO) Set To Release Debut Solo Album, Feed The Fire
DREAM THEATER Unveil New Album Distance Over Time, 2019 North American Tour
LIKE A STORM Release New Video For "Pure Evil"
HOLLOW CRY Unleash New Track, "Procrastinated"
OZZY OSBOURNE Announces Tour Dates With MEGADETH
BILL HUDSON's NORTHTALE Unveil First Song "Shape Your Reality" From Upcoming Album
CELLAR DARLING Stream New Single, Video For "Insomnia"
METALWINGS Launch "For All Beyond" Video
BEDLEM, Featuring PAUL WANDTKE (ex-TRIVIUM), Releases Debut LP Back To Bedlem
MEKA NISM Premiere Music Video "Black Sky"
BLACK WATER RISING Premieres New Video For "World of Frustration"
HERMAN FRANK Set To Release Fight The Fear Album
AMON AMARTH Launches "Raise Your Horns" Live Video
"Burn In Hell" With DANKO JONES' New Track
HOLLYWOOD UNDEAD Release Surprise EP, Psalms
BUCKCHERRY Reveal First New Track in Over Three Years, "Head Like A Hole"
THE POWER OF THE RIFF's Final Lineup Announced
New Book, Long Live Queen: Rock Royalty Discuss Freddie, Brian, John & Roger, Out Now
THE NIGHT FLIGHT ORCHESTRA Debut New Music Video, Kick Off European Tour
GODSMACK Announce 2019 European Tour Dates
SEVENDUST Release Music Video For "Unforgiven"
TENGGER CAVALRY Frontman Curates Nomadic Metal Compilation, Sound of The Raging Steppe
SODOM Go "One Step Over The Line" With New Single, Video
WHITECHAPEL Set To Release New Album The Valley
AUGUST BURNS RED Confirm Winter 2019 Tour Dates
DUST BOLT Are Trapped In Chaos With New Album
More OZZFEST New Year's Eve Los Angeles Details Revealed
MAGNUM Announce New Live Album Live At The Symphony Hall
KAMELOT Announce 2019 North American Tour
ARCHITECTS Release "Modern Misery" Video
BEAST IN BLACK Unveil From Hell With Love"
THE MARYLAND DOOM FEST Confirms Its 2019 Full 5th Anniversary Lineup
FIGHT THE FURY Drop New Video "My Demons"
LAST UNION Featuring MIKE LEPOND, ULI KUSCH And JAMES LABRIE Reveal Twelve Album Details
AMBERIAN DAWN Premiere Video For "Cherish My Memory"
ALTITUDES & ATTITUDE Feat. DAVID ELLEFSON (MEGADETH), FRANK BELLO (ANTHRAX) Ready New Album Get It Out
QUEENSYRCHE Unveil New Album The Verdict, Spring Tour
BRITISH LION Stream New Track “Spit Fire” Ahead Of November Tour
HAMMERFALL To Release Legacy Of Kings - 20 Year Anniversary Edition Boxset
STELLAR CIRCUITS Drops "Skylights" Video
GRANNY 4 BARREL Kick Off Tour With CKY
SOILWORK Release "Full Moon Shoals" Single, Video
NIGHTWISH Confirm Re-Issue End Of An Era Live Album
ASHES OF ARES Unleash "Let All Despair" Video
MARTY FRIEDMAN Reveals 2019 U.S Tour Dates
ACCEPT Reveal Live Video For "Symphony No. 40"
VOLBEAT To Release Live Album, Concert Film Let's Boogie! Live From Telia Parken
KISS Announces First "End Of The Road" Tour Dates
GIN ANNIE Set To Release Debut Album 100% Proof
SURF CITY BLITZ Reveals Band Performance Times, Motorcycle Event Times, Onsite Activities & More
JETBOY Are "Beating The Odds" With New Track Streaming
LORD OF THE LOST Reveal Confession (Live at Christuskirche) CD/DVD
WARKINGS Release Second Glorious Single "Hephaistos"
OPETH Announce LA Garden Of The Titans Film Screening
METAL ALLEGIANCE Confirm Their Annual Los Angeles January Metal Assault
Music Industry Veterans Look To Reward Fans, Sites, And Musicians With Revolutionary CNOTE
Canadian Rockers ONE Go All Or Nothing With New Album
STEVE VAI Unveils "Dark Matter" Video
CENTURY MEDIA RECORDS Streams Documentary Of WARREL DANE Recording Shadow Work
TED POLEY's Modern Art Album Gets Splatter Vinyl Issue
POWERWOLF Premiere Video For Title Track "The Sacrament Of Sin"
REPENTANCE Stream New Single, "Enter The Gallows"
ICE NINE KILLS Drop "Stabbing In The Dark" Video
STATIC-X Returns with Original Band Lineup, Announces New Album, World Tour For 20th Anniversary Of Debut Album, Wisconsin Death Trip
SIRENIA Launch Official Video For "Into The Night"
Artist VINCENT CASTIGLIA Documentary Bloodlines: The Art And Life Of Vincent Castiglia Out In November
STRIKER Go "Head First" With New Video
2019 ROCKSTOK Festival Announced
JINJER Releases New Single And Video For "Ape"
OZZFEST To Celebrate New Year's Eve In Los Angeles
LIKE A STORM Announce December Headline Tour
MAC SABBATH Debuts Meaty Marionette Music Video For "Sweet Beef"
JORN To Release 50 Years On Earth - The Anniversary Box Set
MYLES KENNEDY Releases The Great Beyond Video
STARBREAKER, Featuring TONY HARNELL And MAGNUS KARLSSON, Readies New Album Dysphoria
AFTERSHOK Unleash "Forever In Metal" Video
FATE DESTROYED Caution "We Fall" In New Music Video
INGLORIOUS Announce New Album Ride To Nowhere
DIRE PERIL Unleash "Blood In The Ice" Video
ARTILLERY Releases New Single, "Crossroads To Conspiracy"
BEAST IN BLACK Reveal New Album "From Hell With Love"
FRACTAL CYPHER's New Music Video Reaches "From The Above And To The Stars"
TENGGER CAVALRY Announce North American Tour
GHOST Reaches Into The Past For "Dance Macabre" Video
REVERENCE Announce Vengeance Is...Live Live Album
KATAKLYSM Release New Animated Video For “...And Then I Saw Blood”
ALL THAT REMAINS Guitarist OLI HERBERT Passes Away At 44
GWAR Set To Release New Graphic Novel GWAR: The Enormogantic Fail
BULLET FOR MY VALENTINE Are "Not Dead Yet" With New Video
ENSIFERUM Announces 2019 North American Headlining Trek, "Two Paths Of Glory Tour"
ARIA Stream Lyric Video Ahead Of New Album Curse Of The Sea
ACE FREHLEY Is "Rockin' With The Boys" In New Video
KILLCODE Drop First Video In Trilogy For "The Answer"
ROCKFEST 80’s Music Festival Returns For Year Three
GODSMACK's 2018 European Tour Postponed
GOATWHORE Announces Additional Headlining Shows
WAR OF THRONES Unleash "Say What" Video
Inaugural ROCKLANTA Festival Announced For 2019
AUDIOTOPSY Stream Heavy New Anthem "War"
POP EVIL Announce 2019 U.S. Headline Tour Dates
FAITHSEDGE, Featuring Ex-Members Of STRPYER, MR. BIG, DOKKEN, Wrapping Up Recording Fourth Album
A PERFECT CIRCLE Release 2D Version Of "Eat The Elephant" Video
IRON MAIDEN Remasters Get CD Digipak Treatment
AVANTASIA Set To Release New Album Moonglow
SOULFLY Announce 2019 North American Tour
SOILWORK Reveal Verkligheten Album Details
CHEVELLE Stream New Track "In Debt To The Earth"
METAL CHURCH Release "Damned If You Do" Video
JIZZY PEARL'S LOVE/HATE Returns To The UK For Four Special Shows





HOME | MAGAZINE | ON-AIR | DOWNLOADS | CHAT | BOARDS | CONTESTS | STORE | HELP

©2018 KNAC.COM. All Rights Reserved.    Link to us    Advertise with us    Privacy policy
 Latest News