Newspaper article THE JOURNAL RECORD

Briefly.In Oklahoma

Newspaper article THE JOURNAL RECORD

Briefly.In Oklahoma

Article excerpt

Charges Filed against Bakery Exec Charges of operating without a sales tax permit have been biled by the Oklahoma County District Attorney's Office against Bill Brown Jr., president of Brown's Bakery Inc., 1400 N. Robinson Ave.

The charges were filed Tuesday.

Through the investigation conducted by the Oklahoma Tax Commission, the bakery is alleged to have unlawfully conducted business transactions after its permit had been cancelled by the tax commission for non-payment of delinquent taxes.

The bakery's permit was cancelled Nov. 17, 1986, by the commission.

Operating without a sales tax permit is punishable by a $1,000 fine.

Subsequent violations are punishable by a fine not to exceed $5,000 and up to two years imprisonment.

Appeals Likely in Republic Cases TULSA - Rulings on eight preference cases of the defunct Republic companies ordering more than $900,000 returned to the financial firms are likely to prompt appeals, defense attorneys say.

``I'm almost certain there will be an appeal, if not by us, then by some of the other defendants,'' said Anita Moorman, an attorney for Leroy and Janet Dennis of Oklahoma City.

U.S. Bankruptcy Judge Glen E. Clark of the District of Utah ruled in the Dennis' case that they failed to prove that Republic Trust & Savings ``obtained any funds from defendants through false, faudulent or misleading'' means. The Dennises were ordered to pay $397,771, plus interest.

The rulings on the Dennis' case and the seven others filed Monday and Tuesday in Tulsa are the first in a series of about 300 preference lawsuits that could bring in an extra $4 million for the more than 5,000 creditors of Republic Financial Corp. and Republic Trust & Savings, bankruptcy officials have said.

The suits are against former depositors for cash they withdrew from Republic accounts during the three months before the firms filed Chapter 11 bankruptcy reorganization on Sept. …

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