Prima Wawona to shut its doors, liquidate assets
By
Tim Linden
Prima Wawona to shut its doors, liquidate assets
By
Tim Linden
In a stunning admission in bankruptcy court in December, an attorney for Prima Wawona announced that the company was not able to receive a sufficient bid for its business through an auction process and would be liquidating its assets. In a companion move, several sources have reported that the company gave its nearly 6,000 employees 60-day termination notices, which is required by California law to continue with the closure of the operation.