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March 2013 Archives

City officials approve Michigan theater's bid for special liquor license

A planned movie and dinner business will be allowed to move forward with its efforts to secure the special form of liquor license it needs to open in Michigan after the Kalamazoo City Commission unanimously approved its request, allowing the company to petition the Michigan Liquor Control Commission for the license. The firm filing the petition, which has locations in seven other states, would remodel an existing movie theater in order to add the facilities and staff needed to serve meals to patrons before and after films. The theater's operators say their business model has found success in a number of markets and is likely to do so again in downtown Kalamazoo.

Judge rejects former Michigan firm execs' pension claims

A U.S. Bankruptcy judge has denied pension claims submitted by former executives with Chrysler LLC. The judge ruled that the five ex-executives did not qualify for supplemental pension coverage as granted by the Michigan auto giant's 2009 bankruptcy. As part of that bankruptcy, Chrysler agreed to pay for active executives' supplemental pensions but did not extend the same protection to retired executives.

Michigan firm acquires Hong Kong company for $764M

Michigan's Stryker Corp. recently finalized its purchase of Hong Kong-based Trauson Holdings Company Limited, hoping the multimillion dollar acquisition will help it expand its presence in China's burgeoning orthopedic market. Stryker paid around $764 million in cash for control of Trauson, which is currently the largest producer of pelvic reconstruction plates and other trauma surgery products in China.

New model could save state's pot dispensaries

Medical marijuana dispensaries are beleaguered on all sides. Not only is the federal government intent on shutting many down, but it is nearly impossible for dispensaries to operate peacefully in any state, including Michigan. Now, though, a Grand Blanc-based attorney is providing a new business formation and planning model that could help these vital organizations succeed.

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