Oct. 9, 2012
Boston-based Upper Crust Pizzeria, which was founded in 2001 and now includes 16 locations, has filed for bankruptcy protection.
According to Boston.com, Upper Crust defaulted on a loan issued by TD Bank, and now owes $3.4 million.
The company has been investigated repeatedly in the past few years for labor violations. The company has also struggled with ownership disputes among its three founders.
Upper Crust is seeking protection from creditors so it can reorganize. Its 16 locations are expected to remain open during the proceedings.
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