For Canadian Shop, Folding Is Hard to Do

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In early November, Shorteno filed voluntary bankruptcy of Partenaires Grey, at which time the struggling agency claimed $1.37 million (U.S.) in liabilities, $940,000 in assets, and listed 178 creditors.
Though no one involved would comment for the record, apparently central to the firm’s demise is a disagreement over future severance payments to former Grey employees, a dispute that led Shorteno to start a motion to sue Grey for $860,000 just days before the bankruptcy declaration.

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