This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Taxi Titan Cullan F. Meathe And Yellow Cab Service Corporation Of Florida, Inc. Resolve $43 Million Litigation; All Claims Dismissed

CHICAGO, Sept. 16 /PRNewswire/ -- Yesterday, the Federal District Court for the Northern District of Illinois issued an order approving a settlement agreement that resolves all claims arising out of a $43 million dollar lawsuit against Cullan F. Meathe and Yellow Cab Service Corporation of Florida Inc. with their senior lender (Bank of Montreal) and two other syndicate banks (Fifth Third Bank and First of Michigan, formerly known as Citizens First Bank of Port Huron).

"I am extremely pleased to have this matter amicably resolved. After a two-and-a-half year business challenge, this legal matter is behind me and I can now fully focus on my business interests.  Finally, I would like to thank my wife, family, new management team, my attorneys and professional advisors, for their loyalty, advice and support. Today is a glorious day," said Cullan F. Meathe.

SOURCE Yellow Cab Service Corporation of Florida, Inc.
Copyright 2009 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
FB $117.68 0.08%
GOOG $695.76 0.40%
TSLA $235.57 -2.20%
YHOO $36.29 -0.85%
AAPL $93.94 0.21%


Chart of I:DJI
DOW 17,753.71 -137.45 -0.77%
S&P 500 2,081.43 +16.13 0.78%
NASDAQ 4,817.5940 +42.2360 0.88%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs