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13th Regional Corporation in Trouble

December 11th, 2009 Posted By: Morgan Howard No Comments

Jill Burke from Alaska Dispatch:

Unable to learn the whereabouts of corporation records, gain access to financial statements or get face and phone time with corporation board members, fed up shareholders in Alaska’s 13th Regional Corp. are searching for ways to force action and get answers.

The corporation’s disarray and disconnectedness to its shareholders is bad enough that a former board president, Liz Ross, has gathered paperwork to file a grievance against the corporation in federal court.

“You file and force them to come into compliance,” Ross explained, adding that the corporation, against its own rules, hasn’t held a required annual meeting in three years. CONTINUE »

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