On its website it states that “financial contributions from member papers in developed countries support the services provided free by Project Syndicate to members in less advanced economies. Click here to support Block Club with a tax-deductible donation.Project Syndicate is a not-for-profit institution. Every dime we make funds reporting from Chicago’s neighborhoods. Thanks for subscribing to Block Club Chicago, an independent, 501(c)(3), journalist-run newsroom. Every dime we make funds reporting from Chicago’s neighborhoods.Ĭlick here to support Block Club with a tax-deductible donation. Subscribe to Block Club Chicago, an independent, 501(c)(3), journalist-run newsroom. Pisor alleges that it’s because of Lasky’s actions that he’s been included as a defendant in the investor lawsuit as he has been unable to access company assets, according to court documents. RELATED: Maple & Ash Investors Sue Co-Owners After Co-Owners Sue Each Other For Control Of Restaurant EmpireĪ rep from What If Syndicate representing Lasky previously said the company already provided financial records to investors prior for the “meritless lawsuit.” But those records are only pieces of the total financial portfolio, investors argued in court documents. Pisor’s request for a receiver comes after nine investors who helped fund Maple & Ash’s Chicago and Scottsdale outposts filed a lawsuit June 27 demanding Pisor and Lasky turn over financial records for both restaurants. The two closures and other issues are being used by Pisor and his legal team to request the appointment of a receiver to oversee the liquidation of the company’s assets, according to a motion filed Wednesday.Īttorneys for Pisor argued during a hearing Friday that a receiver was necessary after weeks of failed settlement negotiations “that were going nowhere” while the company continued operations in disarray.Ī court appointed receiver’s powers generally include taking legal control of and protecting assets, filing claims on behalf of an entity and distributing assets to defrauded investors, claimants or creditors through a court-approved plan.īut attorneys for Lasky argued Friday the company was in no immediate danger, claiming What If Syndicate just had one of its “most profitable” quarters. With Lasky at the helm, the Company has closed two restaurants in less than three months,” court documents said. “Prior to Lasky’s usurpation of control, What If had never closed a restaurant. And it says other planned projects are falling through as landlords are opting to work with other brands. A post on Celestina Rooftop’s Instagram claims its owners are “looking for a bigger space.”Ī post shared by Celestina Rooftop court filing also alleges a notice of default was issued for the Etta location in Houston’s Texas Tower for failure to make a required cash distribution. In new court documents, Pisor alleges Lasky closed Celestina Rooftop and Café Sophie without his consent, which resulted in 60 staff members losing their jobs.Ĭafé Sophie’s website says it’s closed because of maintenance issues. Insurance, said an internal investigation into Pisor’s alleged actions warranted no action because there was no legitimate “claim,” documents show. Pisor has denied the allegations and representatives for Maple & Ash’s insurance company, Gallagher & Co. RELATED: Maple & Ash Owners Are In Legal Tug-Of-War For Control Of One Of Chicago’s Most Successful Restaurant Empires But Lasky said he was forced to act because there are allegations Pisor acted inappropriately toward staffers, according to court documents previously obtained by Block Club. In April, Pisor accused his business partner, James Lasky, of trying to push him out of the restaurant group. The restaurant group also operates restaurants in California, Texas and Arizona. The closures come as co-owners David Pisor and James Lasky battle for control of the empire, which includes high-end Gold Coast steakhouse Maple & Ash and wood-fired-food spot Etta in Bucktown and River North. in Chicago’s Gold Coast, and Celestina Rooftop in Culver City, Calif., shuttered after operating for only a few months, according to court documents obtained by Block Club.īoth restaurants are part of What If Syndicate. GOLD COAST - Two restaurants in the Maple & Ash empire have closed amid a legal battle over control of the company.Ĭafé Sophie, 847 N.
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