December 19, 1995 |
2 Manhattan Bagel Execs to Quit: Allan Boren, chairman of the company's I. & J. Bagels Inc. unit, and Eric Cano, the unit's president, will resign following reports that they face criminal indictments in connection with a toxic-waste-dumping case involving a company they own in Los Angeles, Boren said. Boren and Cano face 24 felony charges in Los Angeles alleging toxic waste dumping. The men joined Manhattan Bagel as executives in June, when it acquired their 16-store I.
June 22, 1996 |
Manhattan Bagel Co., the nation's second-largest bagel chain, said it will restate its first-quarter earnings because of improper accounting practices it uncovered at its California subsidiary, I&J, based in the San Fernando Valley. As a result of the announcement, the stock of the 220-store bagel company based in Eatontown, N.J., plunged $7.50 to $13.75 a share on the Nasdaq at Friday's close.
July 11, 1995 |
Having successfully navigated the same uncertain consumer market that swallowed the sticky bun, crumbled the English muffin and humbled the haughty croissant, the bagel has landed. And, say baking experts and stock analysts, those boiled circles of chewy dough are coming into their own. "Everywhere you go, you see bagels," said Eric Cano, president of I & Joy Manhattan Bagel company, born two weeks ago in a merger between North Hills-based I & Joy Bagels and Manhattan Bagel Co. Inc.
CALIFORNIA | LOCAL
November 14, 2002 |
The former owner of the Manhattan Bagel chain pleaded guilty Wednesday to charges that he defrauded 10 investors, including his in-laws, out of more than $1.2 million, U.S. prosecutors said. The victims thought their money was being used for business investments. But Allan Boren used the funds to support "gambling trips to Las Vegas, Atlantic City and the Bahamas," the U.S. attorney's office said.
CALIFORNIA | LOCAL
July 14, 1995 |
The owner and president of the North Hills-based I & Joy Bagels chain have been charged with more than 20 felony counts each of illegal dumping of hazardous wastes in connection with a metal-plating firm they once ran, the Los Angeles city attorney's office said Thursday.