National or Local Business News
A federal judge has denied a request from the Securities and Exchange Commission to freeze Rochester developer Bob Morgan’s assets. The SEC requested the freeze on behalf of investors in his company. They claim he owes them millions of dollars that he misused in a Ponzi scheme. Judge Elizabeth Wolford declined to freeze […]
The ESL Federal Credit Union has filed a motion to foreclose on a property owned by Morgan Management. Papers filed in court say the property is on Fairwood Drive off East River Road in Henrietta. ESL says it plans to foreclose on two liens against the property worth more than $17 million. The bank […]
High gasoline supplies left over from the Memorial Day Weekend are pushing down the prices. The AAA says the national average price for a gallon of gas is $2.81, down two cents from last week. The New York State average is $2.93, also down two cents. The Rochester regional average is down one cent […]