57
      Friday
      80 / 56
      Saturday
      83 / 59
      Sunday
      79 / 61

      New lawsuits filed over failed Moberly plant

      A bankruptcy trustee has filed lawsuits seeking millions of dollars in damages against former officials with Mamtek, the company behind a failed plan to build a sweetener facility in Moberly.

      The Columbia Daily Tribune reports Trustee Bruce Strauss filed lawsuits last week seeking repayment of $7 million that former officers and agents of Mamtek received. The lawsuits also seek actual damages of $72 million and punitive damages.

      Moberly issued $39 million in bonds in 2010 to finance the proposed plant, which promised 600 jobs for the town. Mamtek missed a bond payment in 2011 and Moberly let the bonds default. Strauss was appointed trustee for Mamtek after the company filed for involuntary bankruptcy in late 2011.

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