From the article by Restaurant Business:
In April, Fifth Third Bank received an order to turn over funds it holds in an account belonging to the struggling fast-casual chain Boston Market, after the distributor US Foods won a $15 million judgment over unpaid bills.
But the bank has yet to comply with the request. The problem? US Foods is one of eight different creditors targeting the account, including landlords, one other distributor and two different states.
“Fifth Third now faces conflicting court orders and obligations,” the bank wrote in a lawsuit against Boston Market, US Foods and several other entities that have won such judgments. “… it simply cannot comply with US Foods’ demands without violating the explicit terms of each order directed at accounts of Boston Market received” before the distributor sent its initial order.
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In January of last year, the bank was ordered to withhold twice the $118,183.81 judgment amount for Greenridge Plaza, a Staten Island, New York, property company.
In September, a New York state court ordered the bank to withhold up to $321,099.59 in unpaid bills to Samson MCA LLC, a merchant cash advance company that had sued Boston Market and won.
The next month, Fifth Third received an order to withhold $222,860.29 after a court in Illinois ruled in favor of Metropolitan Investment Group of Wheaton LLC, an investment group that had sued over unpaid leases.
The bank received two more such subpoenas in November, from a court in New York from a landlord over a $50,078.34 judgment and then from a federal court in Texas over $400,000 due to the distributor Ben E. Keith.
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