The first creditors meeting in the Macadam/Cage Chapter 7 bankruptcy case was held on February 25 at the trustee office in San Francisco, with more creditors expecting to file notices in the court. As the case continues, a lawsuit filed in San Francisco Superior Court on December 4 by former employee Dorothy Smith may help illuminate why Macadam/Cage began liquidation proceedings just two weeks later. A graphic designer who was employed by Macadam/Cage from January 2001 through December 2011 (and consulted for them thereafter from January through June 2012), Smith sued for the repayment of loans made to the company […]
