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
CATTLE DECAPITATION Reveal Details For Rarities Album, Medium Rarities
VANDENBERG’S MOONKINGS Get Rugged And Unplugged
ROXANNE Set To Release New Album Radio Silence
LORDS OF THE TRIDENT Premiere 360 Degree VR Video "Zero Hour"
SAXON Unleash New Video For Track "Predator"
MEMPHIS MAY FIRE Announce New Album Broken
BYZANTINE Launches New Video For "The Cicada Tree"
ARCHER NATION Readies New Album Beneath The Dream
WARKINGS Release First Glorious Single, Video "Gladiator"
DECIBEL METAL & BEER FEST: LA Announces PRE-FEST With ARMORED SAINT, NIGHT DEMON, PERSEKUTOR And UADA
WRATH Streams New Track "Draw Blood" From The New Album Rage
DEVILSKIN Release "ENDO" Video With Important Message
KISS Announces The "End Of The Road" Final Tour
MADBALL Release Music Video For "Freight Train"
ICARUS WITCH Return With Goodbye Cruel World Album
TRIBULATION Release "Nightbound" Video
VIRGIN STEELE Will Release With Seven Devils Moonshine Special 5 CD Boxset For Their 35th Anniversary
KNAC-FM DJ THRASHPIE Release Head Bangin' Radio Book
DREAM CHILD Drop "Midnight Song" Video
WITHIN TEMPTATION Announce New Album Resist
BMG To Reissue DIO's Classic 1996 - 2004 Studio Albums
DEE SNIDER Is "American Made" With New Video
STEEL PANTHER Announce More "SUNSET STRIP LIVE!" Tour Dates
IMPELLITTERI Unleash "Run For Your Life" Video
THE POWER OF THE RIFF Makes Its Return To Los Angeles In November
GRAVE DIGGER Stream New Track "The Power Of Metal"
VOIVOD Release "Inconspiracy" Video, 7 Inch EP
CASTLE Unveils New Song "Can't Escape The Evil"
MEGADETH Bassist DAVID ELLEFSON Announces East Coast "BASSTORY" Dates
FIVE FINGER DEATH PUNCH Premiere "When The Seasons Change" Video
UNLEASH THE ARCHERS Stream Track "Ten Thousand Against One"
LACUNA COIL Release "Blood, Tears, Dust" Clip From The 119 Show - Live In London
ARCHITECTS Return With Holy Hell Album
STEELHEART Set To Release Rock'n Milan Live Album, DVD
'A BOWIE CELEBRATION' Announces 32-Date North American Winter Tour
BLACKTOP MOJO Reveal PledgeMusic Campaign To Fund Upcoming Album
POP EVIL Announces 2018 Canadian Headline Tour Dates
SODOM To Release New EP Partisan In November
CIRITH UNGOL Releases First New Track Since 1991 With "Witch's Game"
STRATOVARIUS To Release Enigma: Intermission 2
ENUFF Z'NUFF Release Video For Title Track of New Album Diamond Boy
ALCATRAZZ Reveal Parole Denied-Tokyo 2017 Live LP
SEPTICFLESH Announce Show With Live Orchestra
HELIX To Release A Helix Christmas Album
SUPERSUCKERS Debut "History Of Rock N' Roll" Video
LOUDER THAN LIFE Daily Music Schedule Announced
STEVE VAI Reveals First Round Of Guests Performing At “The Big Mama-Jama Jamathon”
FIFTH ANGEL Unleash 'Can You Hear Me' Lyric Video
GHOST Announces 2019 European Headline Dates
WITHERFALL Release "Ode to Despair" Single/Video
AUDIOTOPSY Reveal Grooving New Track "What Am I?"
KROKUS To Call It A Day With "Adios Amigos Tour"
Former MUSHROOMHEAD Frontman, Co-Founder JEFFREY NOTHING Returns With New Single
METAL ALLEGIANCE Unleash New Beer Visualizer Video For "The Accuser"
FOZZY Announces Full Canadian Tour
SEVENTH WONDER Debut New Song "The Everones"
MADAM X Release ‘Monstrocity’ Music Video
GRETA VAN FLEET Announces Its Debut Full-Length Album, Anthem of The Peaceful Army
YOB Premiere "Original Face" Video
RIVER CITY ROCKFEST Announces Band Performance Times
BEHEMOTH Launches Video For "Wolves Ov Siberia"
RED FANG Announce Late 2018 West Coast Tour Dates
AFTERSHOCK, LOUDER THAN LIFE Festivals Announce VINNIE PAUL ALL-STAR TRIBUTES
OBSCURA Announce Winter 2019 Headlining Tour Dates
OZZY OSBOURNE Partners With OMAZE To Offer Fans An Epic Concert Experience
HOLTER Set To Release Vlad The Impaler Album
KAMELOT Premiere Video For "MindFall Remedy"
VICIOUS RUMORS Kick Off the "Digital Dictator 30th Anniversary Tour" With SOLD OUT Show In Santa Rosa
SEVEN KINGDOMS Announce North American Headline Tour
ANTHRAX To Celebrate The 30th Anniversary Of State Of Euphoria With Special Edition
STRYPER Guitarist OZ FOX To Resume Touring After Medical Scare
GWAR Takes Over DC's Rick And Morty-Themed Pop-Up Bar





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